Fluor(US:FLR) Prnewswire·2025-11-03 13:45Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Fluor Corporation regarding a class action lawsuit due to alleged misleading statements and undisclosed costs related to infrastructure projects, which negatively impacted the company's financial outlook [1]. Group 1: Allegations and Impact - The complaint alleges that during the class period from February 18, 2025, to July 31, 2025, Fluor Corporation failed to disclose increasing costs associated with infrastructure projects due to subcontractor design errors, price increases, and scheduling delays [1]. - It is claimed that customer reductions in capital spending and hesitations due to economic uncertainty were likely to have a significant negative impact on 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]. Group 2: Class Action Details - Shareholders who purchased shares of Fluor during the specified class period are encouraged to register for the class action, with a deadline for lead plaintiff appointment set for November 14, 2025 [2]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the status of the case [2]. Group 3: Law Firm's Mission - 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 [3]. - 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 [3].