Fluor(US:FLR) Globenewswireยท2025-09-29 20:15Core Viewpoint - Fluor Corporation (NYSE: FLR) is facing allegations of issuing materially false and misleading statements regarding its financial performance and project costs during the class period from February 18, 2025, to July 31, 2025 [3]. Group 1: Allegations and Impact - The complaint alleges that costs associated with Fluor's infrastructure projects, including Gordie Howe, I-635/LBJ, and I-35, were increasing due to subcontractor design errors, price hikes, and scheduling delays [3]. - It is claimed that these issues, along with a reduction in customer capital spending and client hesitance due to economic uncertainty, were likely to have a significant negative impact on Fluor's business and financial results [3]. - The financial guidance provided by Fluor for FY 2025 is described as unreliable and unrealistic, with an overstated effectiveness of the company's risk mitigation strategy and an understated impact of economic uncertainty [3]. Group 2: Class Action Details - Shareholders who purchased FLR shares during the specified class period are encouraged to register for the class action, with a deadline set for November 14, 2025 [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the status of the case [4]. - There is no cost or obligation for shareholders to participate in this case [4]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors affected by deceit, fraud, and illegal business practices [5]. - The firm aims to ensure that companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions that inflated stock prices [5].