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Class Action Lawsuit Alert: Levi & Korsinsky Reminds Fluor Corporation (FLR) Investors of November 14, 2025 Deadline
Newsfile· 2025-11-10 13:46
Core Viewpoint - A class action securities lawsuit has been filed against Fluor Corporation, alleging securities fraud that negatively impacted shareholders between February 18, 2025, and July 31, 2025 [2]. Group 1: Lawsuit Details - The lawsuit claims that Fluor Corporation made false statements and concealed significant issues related to costs associated with infrastructure projects, including subcontractor design errors, price increases, and scheduling delays [3]. - It is alleged that these issues, along with reduced capital spending from customers and economic uncertainty, had a substantial negative impact on the company's business and financial results [3]. - The complaint further asserts that Fluor's financial guidance for FY 2025 was unreliable, the effectiveness of its risk mitigation strategy was overstated, and the impact of economic uncertainty was understated [3]. Group 2: Next Steps for Affected Shareholders - Shareholders who suffered losses during the specified timeframe are encouraged to seek information about their rights to recovery, with no cost or obligation to participate [4]. Group 3: Legal Representation - Levi & Korsinsky LLP, a recognized securities litigation firm, has a strong track record in securing recoveries for shareholders and has been ranked among the top securities litigation firms in the United States for seven consecutive years [5].
FLR DEADLINE ALERT: ROSEN, NATIONAL INVESTOR COUNSEL, Encourages Fluor Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action - FLR
Newsfile· 2025-11-09 23:24
Core Viewpoint - Rosen Law Firm is reminding investors of Fluor Corporation to secure counsel before the lead plaintiff deadline in a securities class action lawsuit related to misleading statements made by the company during a specified class period [1][5]. Group 1: Class Action Details - The class period for the lawsuit is from February 18, 2025, to July 31, 2025, and the lead plaintiff deadline is November 14, 2025 [1][3]. - Investors who purchased Fluor securities during this period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. Group 2: Allegations Against Fluor Corporation - The lawsuit alleges that Fluor made false and misleading statements regarding the costs associated with several major projects, including the Gordie Howe International Bridge and various Texas highways, due to subcontractor design errors, price increases, and scheduling delays [5]. - It is claimed that these issues, along with reduced customer capital spending and economic uncertainty, negatively impacted Fluor's business and financial results, rendering the company's financial guidance for 2025 unreliable [5]. - The lawsuit asserts that the public statements made by Fluor were materially false and misleading, leading to investor damages when the true situation was revealed [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company [4]. - The firm has been recognized for its success in securities class action settlements, ranking No. 1 in 2017 and consistently in the top 4 since 2013, recovering hundreds of millions for investors [4].
Adani Enterprises likely to pip Vedanta to emerge highest bidder for Jaiprakash Associates
The Economic Times· 2025-11-09 14:19
Core Insights - Vedanta Group emerged as the highest bidder for Jaiprakash Associates Ltd (JAL) with a net present value (NPV) offer of Rs 12,505 crore in early September, surpassing Adani Group [1][11] - The committee of creditors (CoC) is evaluating new resolution plans submitted by five bidders, with Adani Enterprises' plan being favored for its quicker payment timeline [5][11] - JAL is undergoing insolvency proceedings due to a default on loan payments, with financial creditors claiming around Rs 60,000 crore [7][11] Bidder Evaluation - Five bidders, including Adani Enterprises, Dalmia Cement, and Vedanta Group, submitted revised resolution plans on October 14 [2][11] - The CoC assessed these plans based on an evaluation matrix, scoring Adani's plan as the highest, followed by Dalmia Cement and Vedanta [5][11] - Adani Group proposes to pay lenders within two years, while Vedanta's payment structure extends over five years [5][11] Company Background - JAL has diverse business interests, including real estate, cement manufacturing, hospitality, and engineering & construction [6][11] - The company has significant real estate projects, such as Jaypee Greens and Jaypee International Sports City, and operates four cement plants, which are currently non-operational [8][9][11] - JAL's financial distress has affected its operations, including major projects like the Pakal Dul Dam and Srisailam Canal [10][11]
November 14, 2025 Deadline: Contact The Gross Law Firm to Join Class Action Suit Against FLR
Prnewswire· 2025-10-23 12:45
Core 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 for FY 2025 [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 client 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 overstated effectiveness of the company's risk mitigation strategy and understated impacts 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 be enrolled in a portfolio monitoring software to receive updates throughout the lifecycle 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 who have suffered losses due to deceit, fraud, and illegal business practices [3]. - The firm aims to ensure that companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements or omissions that led to artificial inflation of stock prices [3].
November 14, 2025 Deadline: Contact Levi & Korsinsky to Join Class Action Suit Against FLR
Globenewswire· 2025-10-20 20:23
Core Viewpoint - A class action securities lawsuit has been filed against Fluor Corporation, alleging securities fraud that negatively impacted investors between February 18, 2025, and July 31, 2025 [1][2] Group 1: Allegations of Fraud - The lawsuit claims that Fluor Corporation made false statements regarding the costs associated with its infrastructure projects, 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 the Company's business and financial results [2] - The financial guidance provided by Fluor for FY 2025 is claimed to be unreliable and overstated regarding the effectiveness of its risk mitigation strategies and the impact of economic uncertainty [2] Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until November 14, 2025, to request to be appointed as lead plaintiff in the lawsuit [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees, and participation does not require serving as a lead plaintiff [3] Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4]
FLUOR CLASS ACTION ALERT: Bragar Eagel & Squire, P.C. Reminds Fluor Corporation Investors of the November 14th Deadline in the Class Action Lawsuit
Globenewswire· 2025-10-07 18:35
Core Viewpoint - A class action lawsuit has been filed against Fluor Corporation for allegedly making materially false and misleading statements regarding its business operations and financial prospects during the specified class period from February 18, 2025, to July 31, 2025 [3][7]. Allegation Details - The complaint alleges that Fluor's management failed to disclose significant cost increases related to major projects, including the Gordie Howe, I-635/LBJ, and I-35 projects, due to subcontractor design errors, price increases, and scheduling delays [3]. - It is claimed 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 [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]. Next Steps - Investors who purchased Fluor shares and suffered losses are encouraged to contact the law firm Bragar Eagel & Squire for more information regarding their rights and potential claims [4][7]. - The deadline for investors to apply to be appointed as lead plaintiff in the lawsuit is November 14, 2025 [7]. About the Law Firm - Bragar Eagel & Squire, P.C. is a nationally recognized law firm that represents individual and institutional investors in complex litigation across various courts in the United States [5].
Portnoy Law Firm Announces Class Action on Behalf of Fluor Corporation Investors
Globenewswire· 2025-10-03 18:10
Core Viewpoint - Fluor Corporation is facing a class action lawsuit due to its declining stock performance and lowered financial guidance, attributed to rising costs and reduced customer capital spending [1][3]. Financial Performance - On August 1, 2025, Fluor reported its Q2 2025 financial results and lowered its full-year guidance, citing increased costs from subcontractor design errors, price hikes, and scheduling delays [3]. - Following the announcement, Fluor's stock price dropped by $15.35, or 27.03%, closing at $41.42 per share on August 5, 2025 [3]. Legal Action - The Portnoy Law Firm is advising Fluor investors who purchased securities between February 18, 2025, and July 31, 2025, to file a lead plaintiff motion by November 14, 2025 [1]. - Investors can contact the Portnoy Law Firm for a complimentary case evaluation and to discuss options for recovering losses [2][4].
Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Fluor Corporation (FLR)
Globenewswire· 2025-09-16 14:45
Core Viewpoint - A securities class action lawsuit has been filed against Fluor Corporation for allegedly making false and misleading statements regarding its financial performance and project costs during a specified class period [1][2]. Group 1: Lawsuit Details - The lawsuit was filed in the United States District Court for the Northern District of Texas on behalf of individuals or entities that acquired Fluor securities between February 18, 2025, and July 31, 2025 [1]. - The complaint alleges that Fluor's management failed to disclose increasing costs related to specific projects, including the Gordie Howe, I-635/LBJ, and I-35, due to subcontractor design errors, price increases, and scheduling delays [2]. Group 2: Financial Implications - The complaint claims that the rising costs and reduced capital spending from customers, along with client hesitation due to economic uncertainty, were likely to have a significant negative impact on Fluor's business and financial results [2]. - It is asserted that Fluor's financial guidance for FY 2025 was unreliable and that the effectiveness of its risk mitigation strategy was overstated, while the impact of economic uncertainty was understated [2]. Group 3: Investor Actions - Investors who purchased Fluor shares are encouraged to contact the law firm before the lead plaintiff motion deadline on November 14, 2025, to discuss their rights or interests regarding the class action [3].
Black Diamond Group Limited Issues 2025 Corporate Responsibility Report
Globenewswire· 2025-05-30 11:05
Core Insights - Black Diamond Group Limited released its 2025 Corporate Responsibility Report, emphasizing its commitment to environmental, social, and governance (ESG) matters while showcasing the value generated through its initiatives [1][2] - The report highlights the company's competitive advantage, growth, and profitability achieved through a values-based culture and community engagement [2][4] Company Overview - Black Diamond operates in the specialty rentals and industrial services sector with two main business units: Modular Space Solutions (MSS) and Workforce Solutions (WFS) [6] - MSS offers a large rental fleet of modular buildings and serves various sectors including construction, industrial, education, financial, and government [7] - WFS provides modular accommodation assets and turnkey operated camps, catering to resource, infrastructure, construction, disaster recovery, and education sectors [8] Corporate Responsibility Initiatives - The company’s corporate responsibility strategy focuses on key initiatives that drive tangible outcomes and are held to the same accountability standards as other business operations [3] - The report includes detailed emissions data, safety metrics, and revenue generated through Indigenous partnerships, reflecting the company's commitment to community investment and operational integrity [2][4] Sustainability Reporting - Black Diamond's report is guided by the Sustainability Accounting Standards Board (SASB) Standards, positioning the company within the Engineering & Construction Services Industry [4] - The company reports additional sustainability metrics to highlight its unique approach to social responsibility and community engagement [4]