INVESTOR ALERT: Law Offices of Howard G. Announces the Filing of a Securities Class Action on Behalf of Fluor Corporation Investors

Law Offices of Howard G. Smith announces that a class action lawsuit has
been filed on behalf of investors that purchased or otherwise acquired
the securities of Fluor Corporation (“Fluor” or the “Company”) (NYSE: FLR)
between August 14, 2013, and May 3, 2018, inclusive (the
“Class Period”). Fluor investors have until July 24, 2018 to
file a lead plaintiff motion.

Investors suffering losses on their Fluor investments are encouraged to
contact the Law Offices of Howard G. Smith to discuss their legal rights
in this class action at 888-638-4847 or by email to

On May 3, 2018, Fluor issued a press release announcing its first
quarter 2018 financial results, disclosing an after-tax charge of
approximately $96 million for forecast revision on a gas-fired power
project. Fluor revised its 2018 guidance for Earnings Per Share to
$2.10-$2.50 per diluted share. On this news, shares of Fluor fell more
than 22% to close at $45.76 on May 4, 2018, thereby injuring investors.

The complaint filed in this class action alleges that Fluor made false
and misleading statements to the marketplace. It alleges that the
Company’s procedures for bidding on gas-fired power plant projects
suffered from flaws. Fluor improperly estimated the costs for completing
gas-fired plant projects, resulting in equipment, productivity, and
other project completion problems. These problems caused Fluor to face
charges impacting quarterly results. Ultimately, Fluor discontinued
operations in the gas-fired power market. As a result of these facts,
the Company’s statements about its business prospects and operations
were false and misleading during the class period.

If you purchased shares of Fluor, have information or would like to
learn more about these claims, or have any questions concerning this
announcement or your rights or interests with respect to these matters,
please contact Howard G. Smith, Esquire, of Law Offices of Howard G.
Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by
telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to,
or visit our website at

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.

View source version on

Leave a Comment