Fluor(US:FLR) Prnewswireยท2025-09-29 16:30Core 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 business outlook [1][2]. Group 1: Allegations Against Fluor Corporation - The lawsuit claims that Fluor's management made false or misleading statements regarding the costs associated with the Gordie Howe International Bridge and highway projects in Texas, which were increasing due to subcontractor design errors, price hikes, and scheduling delays [2]. - It is alleged that these issues, along with reduced capital spending from customers and economic uncertainty, were likely to have a significant negative impact on Fluor's business and financial results [2]. - The complaint asserts that Fluor's financial guidance for fiscal year 2025 was unreliable, overstating the effectiveness of its risk mitigation strategy and understating the impact of economic uncertainty on its operations [2]. Group 2: Lead Plaintiff Process - Investors in Fluor have until November 14, 2025, to seek appointment as a lead plaintiff representative in the class action, which involves directing the litigation on behalf of all class members [3]. - The lead plaintiff is typically the investor or group of investors with the largest financial interest in the case and must be adequate and typical of the proposed class [3]. - Participation as a lead plaintiff does not affect an investor's ability to share in any recovery from the lawsuit [3].