
Levi & Korsinsky Issues Correction: Securities Fraud Class Action Against Fluor Corporation
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NEWâŊYORKâŊââŊA securitiesâfraud class action lawsuit is now pending against Fluor Corporation (NYSE:âŊFLR). The complaint, originally misâattributed to Levi & Korsinsky, LLP in a prior release, was in fact filed by Pomerantz LLP; Levi &âŊKorsinsky is issuing this correction to clarify the record.
The lawsuit alleges that between FebruaryâŊ18,âŊ2025 and JulyâŊ31,âŊ2025 Fluor made misleading public statements and/or concealed material facts including: (i) rising costs on major infrastructure projects due to subcontractor design errors, price hikes and scheduling delays; (ii) reduced customer capital spending and increased client hesitancy around economic uncertainty; (iii) consequently, Fluorâs financial guidance for fiscalâŊ2025 was unreliable, its riskâmitigation strategy overstated and the economicâuncertainty impact understated; and (iv) as a result the Companyâs public disclosures were materially false and misleading at all relevant times.
Shareholders who suffered investment losses during the specified period may be eligible to participate in the recovery process; there is no cost or obligation to inquire.
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