Fluor(US:FLR) Globenewswire·2025-11-05 22:56Core 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 [1][3]. Summary by Sections Class Action Details - The class period for the lawsuit is from February 18, 2025, to July 31, 2025 [3]. - Allegations include that Fluor Corporation failed to disclose increasing costs associated with infrastructure projects due to subcontractor design errors, price increases, and scheduling delays [3]. - The lawsuit claims that these issues, along with reduced customer capital spending and economic uncertainty, negatively impacted Fluor's business and financial results [3]. Financial Guidance and Risk Mitigation - The complaint asserts that Fluor's financial guidance for FY 2025 was unreliable and that the effectiveness of its risk mitigation strategy was overstated [3]. - It is alleged that the impact of economic uncertainty on the company's business was understated, leading to materially false and misleading public statements [3]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by November 14, 2025, to participate in potential recovery [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's status [4]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [5].