Interstate 365 Lyndon B. Johnson and Interstate 35E highway projects)
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FLR Shareholder Reminder: Kessler Topaz Meltzer & Check, LLP Reminds Fluor Corporation (FLR) Shareholders of Deadline in Securities Fraud Class Action Lawsuit
Prnewswireยท 2025-10-05 15:00
Core Viewpoint - A securities class action lawsuit has been filed against Fluor Corporation for alleged misleading statements and failure to disclose significant cost increases and negative impacts on financial results during the Class Period from February 18, 2025, to July 31, 2025 [1][2]. Allegations of Misconduct - The lawsuit claims that Fluor's costs for specific projects, including the Gordie Howe International Bridge and Texas highway projects, were increasing due to subcontractor design errors, price hikes, and scheduling delays [2]. - It is alleged that these issues, along with reduced customer capital spending and economic uncertainty, were likely to have a significant negative impact on Fluor's business and financial results [2]. - The complaint also states that Fluor's financial guidance for fiscal year 2025 was deemed unreliable, and the effectiveness of its risk mitigation strategy was overstated [2]. Lead Plaintiff Process - Investors in Fluor have until November 14, 2025, to seek appointment as a lead plaintiff representative for the class, or they may choose to remain absent [3]. - The lead plaintiff will represent the interests of all class members and select counsel to direct the litigation [3]. Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering billions for victims of corporate misconduct [4].