#United States #Class Action #Dallas #Securities Fraud #Fluor Corporation

Pomerantz Law Firm Initiates Class Action Against Fluor Corporation

On September 18, 2025, Pomerantz LLP announced a significant legal action against Fluor Corporation, including certain officers, by filing a class action lawsuit in the United States District Court for the Northern District of Texas, Dallas Division. This move targets Fluor, listed as NYSE: FLR, during a specified class period from February 18, 2025, to July 31, 2025. The focus of this litigation is to address alleged violations of federal securities laws and to seek damages for the affected investors.

The Basis of the Lawsuit

The class action pertains to all individuals and entities who purchased or acquired Fluor securities during the Class Period mentioned above. It aims to reclaim damages inflicted on investors due to misleading practices related to the company's financial disclosures. The lawsuit is filed under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and the corresponding Rule 10b-5.

Investors who acquired Fluor securities during the specified time frame have an opportunity until November 14, 2025, to request their appointment as Lead Plaintiff in this class action. Details about the complaint can be accessed on Pomerantz’s official website.

Overview of Fluor Corporation

Fluor Corporation is a prominent player in engineering, procurement, and construction (EPC) services, offering various project management solutions globally. The organization primarily operates through three segments: Urban Solutions, Energy Solutions, and Mission Solutions. Notably, the Urban Solutions segment has secured the majority of the company’s revenue and profits in recent times, notably through projects in advanced technology, manufacturing, and infrastructure sectors.

Prominent infrastructure projects under this segment include the Gordie Howe International Bridge, and renovations of significant Texas highways like the Interstate 365 LBJ and Interstate 35. Fluor aims to sustain growth and maintain its operational scale, providing extensive staffing and project management resources to myriad sectors.

Misleading Financial Statements and Promises

During the Class Period, Fluor issued several optimistic financial forecasts, including expectations of adjusted EBITDA between $575 million to $675 million and earnings per share between $2.25 and $2.75. This guidance was reaffirmed by the company in May 2025, despite ongoing risks presented by economic uncertainties, such as trade complications.

The complaint highlights that the Defendants allegedly made misleading comments about Fluor's operational stability. Specific inaccuracies include:

• - Understated costs associated with key projects like the Gordie Howe, I-635/LBJ, and I-35, which were reportedly inflated due to subcontractor errors and delays.
• - Naive projections regarding the economic impacts on Fluor’s business, which indicated that risk management strategies were effective, contrary to actual market conditions.

By August 1, 2025, when Fluor publicly released its financial results for Q2 2025, it reported a non-GAAP EPS of $0.43—falling short of estimates by $0.13. It also recorded a $3.98 billion revenue, reflecting a 5.9% decline from the previous year, thus proving the earlier financial guidance to be unrealistic.

Aftermath of the Financial Report

Following these public disclosures, Fluor's stock price dropped by over 27% on the same day, marking a significant loss for investors. The decline in share price raised alarms among stockholders, stressing the consequences of the company's misleading financial reporting.

Conclusion

Pomerantz LLP is an established law firm respected for its dedication to securities, corporate, and antitrust litigation, having recovered substantial amounts for investors over its long history. The firm aims to uphold the rights of those affected by Fluor's alleged misconduct while holding the company accountable for its misleading communications.
For more details on this lawsuit or to express interest in joining the class action, investors can contact Pomerantz LLP directly.

Whether you're a seasoned investor or newly engaged with Fluor's stock, securing insight into this case could be vital in making informed decisions regarding financial engagements with the corporation.