FLR INVESTOR ALERT: Fluor Corporation Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - RGRD Law

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 a specified class period [1][3]. 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]. - The lawsuit alleges that Fluor's infrastructure projects, including the Gordie Howe International Bridge and two Texas highways, faced rising costs due to subcontractor errors and delays [2][3]. Group 2: Allegations Against Fluor - The lawsuit claims that Fluor failed to disclose significant cost increases and the negative impact of reduced customer capital spending on its business [3]. - Fluor's financial guidance for fiscal year 2025 is alleged to be unrealistic, with overstated risk mitigation strategies and understated economic uncertainty impacts [3]. - On August 1, 2025, Fluor reported second quarter 2025 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 [4]. Group 3: Impact of the Lawsuit - Following the disappointing earnings report, Fluor's stock price fell by more than 27% [4]. - The lawsuit highlights the connection between the company's project difficulties and its financial performance, indicating a potential long-term impact on investor confidence [3][4]. Group 4: Legal Representation - Robbins Geller Rudman & Dowd LLP is representing investors in this class action lawsuit, known for securing significant monetary relief for investors in securities fraud cases [6]. - The firm has a strong track record, having recovered over $2.5 billion for investors in 2024 alone [6].