Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired Fluor Corporation (“Fluor”) (NYSE: FLR) securities between February 18, 2025 and July 31, 2025, inclusive (the “Class Period”).
Fluor is an engineering and construction firm that operates through three segments: Urban Solutions, Energy Solutions, and Mission Solutions. Fluor's infrastructure projects in its Urban Solutions segment includes work on, among other things, the Gordie Howe International Bridge ("Gordie Howe"), as well as the Interstate 365 Lyndon B. Johnson ("I-635/LBJ") and Interstate 35E ("I-35") highways in Texas.
The complaint alleges that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) costs associated with the Gordie Howe, I-635/LBJ, and I-35 projects were growing because of, among other things, subcontractor design errors, price increases, and scheduling delays; (2) in addition, customer reduction in capital spending and client hesitation around economic uncertainty, was having, or was likely to have, a significant negative impact on Fluor’s business and financial results; (3) accordingly, Fluor’s financial guidance for FY 2025 was unreliable and/or unrealistic, the effectiveness of Fluor’s risk mitigation strategy was overstated, and the impact of economic uncertainty on Fluor’s business and financial results was understated; and (4) as a result of the foregoing, Defendants’ statements about the company’s business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis at all relevant times.
Current Status of Case:
On January 9, 2026, the Court appointed Lead Plaintiff and Lead Counsel. This action is ongoing.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.