Workflow
Kessler Topaz Meltzer & Check, LLP - Class Action Announcement for Fluor Corporation Investors: A Securities Fraud Class Action Lawsuit Was Filed Against Fluor Corporation
FluorFluor(US:FLR) Globenewswireยท2025-09-24 18:03

Core Viewpoint - A securities class action lawsuit has been filed against Fluor Corporation for alleged misleading statements and undisclosed costs related to specific projects, impacting the company's financial guidance and risk mitigation strategies [1][2]. Group 1: Allegations Against Fluor - The lawsuit claims that Fluor failed to disclose increasing costs associated with the Gordie Howe International Bridge and Texas highway projects due to subcontractor design errors, price increases, and scheduling delays [2]. - It is alleged that customer reductions in capital spending and client hesitations due to economic uncertainty were negatively affecting Fluor's business and financial results [2]. - The complaint asserts that Fluor's financial guidance for fiscal year 2025 was unreliable and that the effectiveness of its risk mitigation strategy was overstated [2]. Group 2: Legal Process and Participation - Investors in Fluor have until November 14, 2025, to seek appointment as a lead plaintiff representative in the class action lawsuit [3]. - A lead plaintiff is typically the investor or small group of investors with the largest financial interest and who are representative of the class [3]. - Participation as a lead plaintiff does not affect the ability of other investors to share in any recovery from the lawsuit [3]. Group 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]. - The firm encourages Fluor investors who have suffered significant losses to contact them for more information [4].