KB Home (KBH -6.2%) shares sink on the likelihood that it will be forced to pay the lion's share...

|About: KB Home (KBH)|By:, SA News Editor

KB Home (KBH -6.2%) shares sink on the likelihood that it will be forced to pay the lion's share of $320M in losses stemming from the bankruptcy of a Las Vegas housing project. KBH had used the off-balance-sheet joint venture, popular among builders during the boom, to keep millions in debt related to the project off its books as a liability.