Fluor(US:FLR) Prnewswire·2025-10-20 12:45Core 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 [1]. Allegations - The complaint claims that Fluor's costs for infrastructure projects, including Gordie Howe, I-635/LBJ, and I-35, were increasing due to subcontractor design errors, price hikes, and scheduling delays [1]. - It is alleged that these issues, along with reduced capital spending from customers and hesitance due to economic uncertainty, were significantly impacting Fluor's business and financial results [1]. - 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 [1]. - Consequently, the public statements made by Fluor were deemed materially false and misleading throughout the relevant period [1]. Next Steps for Shareholders - Shareholders who purchased FLR shares during the specified timeframe are encouraged to register for the class action, with a deadline set for November 14, 2025 [2]. - Upon registration, shareholders will be enrolled in a portfolio monitoring system to receive updates on the case [2].