Workflow
Do You Own FLR Stock? Robbins LLP Informs Investors of the Fluor Corporation Class Action Lawsuit
FluorFluor(US:FLR) Prnewswireยท2025-09-17 00:57

Core Viewpoint - A class action lawsuit has been filed against Fluor Corporation for allegedly misleading investors regarding its business prospects and financial guidance during a specific period in 2025 [1][2]. Group 1: Allegations and Financial Impact - The lawsuit claims that Fluor failed to disclose rising costs associated with major 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 impacted Fluor's business and financial results [2]. - Following the release of disappointing financial results for Q2 2025, Fluor revised its financial outlook for FY 2025, projecting adjusted EBITDA of $475 million to $525 million, down from $575 million to $675 million, and adjusted EPS of $1.95 to $2.15, down from $2.25 to $2.75 [3]. Group 2: Stock Price Reaction - After the negative financial disclosures, Fluor's stock price dropped by $15.35 per share, or 27.04%, closing at $41.42 per share on August 1, 2025 [3]. Group 3: Class Action Participation - Shareholders who wish to participate in the class action must submit their papers by November 14, 2025, to serve as lead plaintiff [4]. - Participation in the case is not required to be eligible for recovery, allowing shareholders to remain absent class members if they choose [4]. Group 4: Legal Representation - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses unless the case is won [5]. - The firm has a history of advocating for shareholder rights and holding company executives accountable since 2002 [5].