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- Last Updated
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- Bias Distribution
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Fluor Faces Class Action Over Misleading Infrastructure Cost Statements
Fluor Corporation is facing multiple class action securities lawsuits alleging that the company misled investors about escalating costs and delays in major infrastructure projects, including the Gordie Howe International Bridge and Texas highway projects. Plaintiffs claim Fluor failed to disclose that subcontractor design errors, price increases, scheduling delays, reduced capital spending, and economic uncertainty were significantly impacting the company's financial results and that Fluor's financial guidance for 2025 was unrealistic. The lawsuits, filed in the Northern District of Texas, assert that Fluor's public statements were materially false and misleading during the period from February 18, 2025, to July 31, 2025, leading to a sharp decline in stock price after the company revised its financial outlook downward. Investors who suffered losses in this period are encouraged to seek lead plaintiff status or participate as class members, with a November 14, 2025 deadline to act. Several law firms, including Kessler Topaz Meltzer & Check LLP, Levi & Korsinsky LLP, Kahn Swick & Foti LLC, and Bernstein Liebhard LLP, are representing affected shareholders, offering no-cost participation and highlighting their experience in securities litigation. These actions underline growing scrutiny on Fluor's risk management and financial disclosures amid challenging economic conditions affecting its business.
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- Last Updated
- 10 days ago
- Bias Distribution
- 100% Unrated
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