#United States #Class Action #Dallas #Pomerantz LLP #Fluor Corporation

Pomerantz Law Firm Initiates Class Action Against Fluor Corporation

On October 23, 2025, Pomerantz LLP announced the commencement of a class action lawsuit against Fluor Corporation and specific officers, following allegations of misleading financial representations made to shareholders. This legal action is filed in the United States District Court for the Northern District of Texas, Dallas Division, under the docket number 25-cv-02496.

Background of the Lawsuit

The class action claims a group consisting of all individuals and entities, excluding the defendants, who purchased or obtained Fluor securities between February 18, 2025, and July 31, 2025, seeks to recover losses resulting from the violation of federal securities laws. The plaintiffs are primarily looking to address violations under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, which governs fraudulent practices in the issuance and trading of securities.

Investors who engaged in purchasing Fluor’s securities during the specified period have until November 14, 2025, to file for lead plaintiff standing. More detailed information, including the Complaint, is available at Pomerantz Law Firm's website.

The Allegations

Fluor Corporation, known for providing engineering, procurement, and construction services on a global scale, allegedly engaged in a series of materially false and misleading statements regarding its business practices, operations, and overall financial health. Notably, the firm operates across three critical segments—Urban Solutions, Energy Solutions, and Mission Solutions.

According to the lawsuit, over the stated Class Period, Fluor’s Urban Solutions segment was pivotal as it was the largest contributor to the Company’s revenue. Despite assurances from Fluor’s management regarding the stability and effectiveness of its risk mitigation strategies, several factors began to undermine this confidence.

Among the specific claims, the lawsuit asserts that the executives failed to disclose the escalating costs associated with major infrastructure projects, including the Gordie Howe International Bridge and Texas highways. Issues such as subcontractor design errors, rising expenses, and scheduling delays were reportedly downplayed, which ultimately proved detrimental to Fluor's financial projections.

Financial Repercussions

In February 2025, Fluor presented optimistic financial guidance for the fiscal year, projecting adjusted EBITDA between $575 million and $675 million, with adjusted earnings per share between $2.25 and $2.75. However, by August of the same year, the financial outlook notably shifted after a disclosure revealing substantial revenue misses and lower earnings per share, resulting in a decline of Fluor's stock price by over 27% in a single day. The stock fell by $15.35, closing at $41.42 per share, which was starkly contrasted to previous market expectations.

The downward revision of financial guidance cited various unfavorable factors, including client hesitation due to broader economic uncertainties, which significantly impacted both new contracts and project timelines.

Pomerantz Law Firm’s Reputation

Pomerantz LLP is a recognized leader in corporate, securities, and antitrust class action litigation. Established by Abraham L. Pomerantz, known for pioneering the field of securities class actions, the firm has a storied legacy of fighting for victims of corporate misconduct and securities fraud. With a track record of achieving billions in damages for clients, Pomerantz continues to build its reputation as an advocate for investor rights.

As developments unfold, it remains imperative for affected investors to seek counsel and participate in this significant litigation. The outcome of this case could have far-reaching implications for Fluor Corporation and its stakeholders.