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ROSEN, TOP RANKED GLOBAL COUNSEL, Encourages Fluor Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action – FLR
Globenewswire· 2025-10-05 16:15
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Fluor Corporation securities between February 18, 2025, and July 31, 2025, about the upcoming lead plaintiff deadline on November 14, 2025, for a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who bought Fluor securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by the November 14, 2025 deadline [2]. - The Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions [3]. Group 2: Case Allegations - The lawsuit alleges that Fluor Corporation made false and misleading statements regarding the costs associated with several major projects, including the Gordie Howe International Bridge and various Texas highways [4]. - It is claimed that these issues, along with reduced customer capital spending and economic uncertainty, negatively impacted Fluor's business and financial results [4]. - The lawsuit asserts that Fluor's financial guidance for 2025 was unreliable, and the effectiveness of its risk mitigation strategies was overstated [4].
FLR Shareholder Reminder: Kessler Topaz Meltzer & Check, LLP Reminds Fluor Corporation (FLR) Shareholders of Deadline in Securities Fraud Class Action Lawsuit
Prnewswire· 2025-10-05 15:00
Core Viewpoint - A securities class action lawsuit has been filed against Fluor Corporation for alleged misleading statements and failure to disclose significant cost increases and negative impacts on financial results during the Class Period from February 18, 2025, to July 31, 2025 [1][2]. Allegations of Misconduct - The lawsuit claims that Fluor's costs for specific projects, including the Gordie Howe International Bridge and Texas highway projects, were increasing due to subcontractor design errors, price hikes, and scheduling delays [2]. - It is alleged that these issues, along with reduced customer capital spending and economic uncertainty, were likely to have a significant negative impact on Fluor's business and financial results [2]. - The complaint also states that Fluor's financial guidance for fiscal year 2025 was deemed unreliable, and the effectiveness of its risk mitigation strategy was overstated [2]. Lead Plaintiff Process - Investors in Fluor have until November 14, 2025, to seek appointment as a lead plaintiff representative for the class, or they may choose to remain absent [3]. - The lead plaintiff will represent the interests of all class members and select counsel to direct the litigation [3]. Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering billions for victims of corporate misconduct [4].
Fluor Corporation Shareholder Alert: ClaimsFiler Reminds Investors With Losses In Excess Of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuits Against Fluor Corporation - FLR
Prnewswire· 2025-10-04 02:34
Core Viewpoint - ClaimsFiler informs investors about the deadline of November 14, 2025, to file lead plaintiff applications in a securities class action lawsuit against Fluor Corporation for failing to disclose material information during the Class Period from February 18, 2025, to July 31, 2025 [1][3]. Financial Performance - On August 1, 2025, Fluor announced its Q2 2025 financial results, reporting a non-GAAP EPS of $0.43, which missed consensus estimates by $0.13, and revenue of $3.98 billion, reflecting a 5.9% year-over-year decline and missing estimates by $570 million due to increased costs from subcontractor design errors, price hikes, scheduling delays, and reduced capital spending by customers [4]. - The company revised its FY 2025 financial outlook, guiding adjusted EBITDA to $475 million to $525 million, down from prior guidance of $575 million to $675 million, and adjusted EPS to $1.95 to $2.15 per share, down from previous guidance of $2.25 to $2.75 per share [4]. Market Reaction - Following the financial announcement, Fluor's share price dropped by $15.35, or 27.04%, closing at $41.42 per share on August 1, 2025 [5].
Portnoy Law Firm Announces Class Action on Behalf of Fluor Corporation Investors
Globenewswire· 2025-10-03 18:10
Core Viewpoint - Fluor Corporation is facing a class action lawsuit due to its declining stock performance and lowered financial guidance, attributed to rising costs and reduced customer capital spending [1][3]. Financial Performance - On August 1, 2025, Fluor reported its Q2 2025 financial results and lowered its full-year guidance, citing increased costs from subcontractor design errors, price hikes, and scheduling delays [3]. - Following the announcement, Fluor's stock price dropped by $15.35, or 27.03%, closing at $41.42 per share on August 5, 2025 [3]. Legal Action - The Portnoy Law Firm is advising Fluor investors who purchased securities between February 18, 2025, and July 31, 2025, to file a lead plaintiff motion by November 14, 2025 [1]. - Investors can contact the Portnoy Law Firm for a complimentary case evaluation and to discuss options for recovering losses [2][4].
Fluor Corporation (FLR) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
Prnewswire· 2025-10-02 19:58
Core Viewpoint - Investors in Fluor Corporation have the opportunity to lead a securities fraud class action lawsuit due to substantial losses incurred as a result of undisclosed financial issues related to specific projects [1][3]. Summary by Sections Lawsuit Details - The lawsuit alleges that from February 18, 2025, to July 31, 2025, Fluor Corporation failed to disclose significant cost increases associated with the Gordie Howe, I-635/LBJ, and I-35 projects, which were attributed to subcontractor design errors, price increases, and scheduling delays [3]. - It is claimed that these undisclosed issues, along with a reduction in customer capital spending and client hesitation due to economic uncertainty, negatively impacted the Company's business and financial results [3]. - The financial guidance provided by Fluor for FY 2025 is described as unreliable and unrealistic, with an overstated effectiveness of the Company's risk mitigation strategy and an understated impact of economic uncertainty on its operations [3]. Participation Information - Investors who suffered losses in Fluor Corporation are encouraged to contact the Law Offices of Howard G. Smith before November 14, 2025, to participate in the ongoing lawsuit [2][4]. - Individuals may choose to retain their own counsel or remain absent members of the class action without taking any immediate action [5].
ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Fluor Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action – FLR
Globenewswire· 2025-10-02 19:58
NEW YORK, Oct. 02, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Fluor Corporation (NYSE: FLR) between February 18, 2025 and July 31, 2025, both dates inclusive (the “Class Period”), of the important November 14, 2025 lead plaintiff deadline. SO WHAT: If you purchased Fluor securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT ...
CLASS ACTION NOTICE: Berger Montague Advises Fluor Corporation (NYSE: FLR) Investors to Inquire About a Securities Fraud Class Action
Prnewswire· 2025-10-02 19:41
Core Viewpoint - A class action lawsuit has been filed against Fluor Corporation (FLR) for allegedly concealing significant cost overruns and execution problems on key infrastructure projects, leading to a sharp decline in stock value and investor confidence [1][3][4]. Company Overview - Fluor Corporation, headquartered in Irving, Texas, provides engineering, procurement, construction, and project management services globally, with its Urban Solutions segment being the largest revenue driver among its three segments [2]. Allegations and Issues - The lawsuit claims that FLR concealed cost overruns and execution issues on major projects such as the Gordie Howe International Bridge, I-635/LBJ, and I-35, which were impacted by subcontractor errors, supply chain inflation, and construction delays [3]. - The company allegedly overstated its risk mitigation strategies and failed to disclose the full impact of reduced client spending and macroeconomic uncertainty [3]. Financial Performance - Despite the ongoing issues, FLR reaffirmed its financial guidance in May 2025. However, on August 1, 2025, the company reported second-quarter results that significantly missed expectations, with non-GAAP EPS of $0.43 (missing by $0.13) and revenue of $3.98 billion (missing by $570 million) [4]. - Following these disappointing results, FLR cut its full-year guidance and experienced a stock price drop of 27.04%, closing at $41.42 on August 1, 2025. Analysts subsequently downgraded the stock due to lost confidence in management's disclosures and project oversight [4].
FLR INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Announces that Fluor Corporation Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit
Prnewswire· 2025-10-02 19:00
Core Viewpoint - Fluor Corporation is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, with claims that the company and its executives made misleading statements regarding project costs and financial guidance during the specified class period [1][4]. Group 1: Class Action Details - The class action lawsuit is titled Maglione v. Fluor Corporation, and it includes purchasers of Fluor securities from February 18, 2025, to July 31, 2025 [1]. - Investors have until November 14, 2025, to seek appointment as lead plaintiff in the lawsuit [1][6]. - The lawsuit alleges that Fluor's executives failed to disclose rising costs associated with key infrastructure projects, which negatively impacted the company's financial outlook [4]. Group 2: Allegations Against Fluor - The lawsuit claims that costs for the Gordie Howe International Bridge and other projects increased due to subcontractor design errors, price hikes, and scheduling delays [4]. - It is alleged that these issues, along with reduced capital spending from customers, significantly affected Fluor's business and financial results [4]. - Fluor's second quarter 2025 results showed a non-GAAP earnings per share of $0.43, missing estimates by $0.13, and revenue of $3.98 billion, a 5.9% year-over-year decline, missing estimates by $570 million [5]. Group 3: Financial Impact - Following the disappointing earnings report, Fluor's stock price dropped by over 27% [5]. - The company provided a negatively revised financial outlook for fiscal year 2025, citing client hesitation due to economic uncertainty [5].
Fluor Corporation Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before November 14, 2025 to Discuss Your Rights – FLR
Globenewswire· 2025-10-01 20:18
Core Viewpoint - A class action securities lawsuit has been filed against Fluor Corporation, alleging securities fraud that negatively impacted investors between February 18, 2025, and July 31, 2025 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that Fluor Corporation made false statements regarding the rising costs of infrastructure projects due to subcontractor design errors, price increases, and scheduling delays [2]. - It is alleged that these issues, along with reduced capital spending from customers and economic uncertainty, significantly harmed the Company's business and financial results [2]. - The financial guidance provided by Fluor for FY 2025 is described as unreliable and overstated regarding the effectiveness of its risk mitigation strategies [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until November 14, 2025, to request to be appointed as lead plaintiff in the lawsuit [3]. - Participation in the lawsuit does not require investors to incur any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].
Levi & Korsinsky Notifies Fluor Corporation Investors of a Class Action Lawsuit and Upcoming Deadline - FLR
Prnewswire· 2025-10-01 12:45
Accessibility StatementSkip Navigation NEW YORK, Oct. 1, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Fluor Corporation ("Fluor Corporation" or the "Company") (NYSE: FLR) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Fluor Corporation investors who were adversely affected by alleged securities fraud between February 18, 2025 and July 31, 2025. Follow the link below to get more information and be contacted by a member of our team: ...