Fluor(US:FLR) Businesswire·2025-09-22 16:09Core Viewpoint - A class action lawsuit has been filed against Fluor Corporation for securities fraud, following a significant drop in stock price after the company reported disappointing financial results for Q2 2025 [1][3]. Group 1: Lawsuit Details - The class action lawsuit is on behalf of investors who purchased Fluor securities between February 18, 2025, and July 31, 2025, with a deadline of November 14, 2025, to file a lead plaintiff motion [1][2]. - The lawsuit alleges that Fluor made materially false and misleading statements regarding its business operations and financial outlook during the class period [4]. Group 2: Financial Performance - On August 1, 2025, Fluor reported Q2 2025 financial results that missed consensus estimates, attributing the shortfall to rising costs from subcontractor design errors, price increases, and scheduling delays, along with reduced capital spending from clients [3]. - Following the announcement, Fluor's stock price fell by $15.35, or 27%, closing at $41.42 per share, which negatively impacted investors [3]. Group 3: Allegations Against Defendants - The complaint claims that the defendants failed to disclose significant adverse facts, including rising costs in key projects and the negative impact of economic uncertainty on the company's financial results [4]. - It is alleged that Fluor's financial guidance for FY 2025 was unreliable, and the effectiveness of its risk mitigation strategies was overstated [4].