Fluor Investors Get Deadline Reminder in Securities Class Action Over Project Overruns

Overview

• Multiple firms, including Kahn Swick & Foti, Glancy Prongay & Murray, Levi & Korsinsky, and DJS Law Group, are soliciting shareholders to pursue lead-plaintiff roles under the PSLRA.
• The action is pending in the U.S. District Court for the Northern District of Texas as Maglione v. Fluor Corporation, No. 25-cv-02496.
• Complaints allege rising costs and delays on major projects such as the Gordie Howe Bridge and Texas I-635/LBJ and I-35E, customer spending pullbacks, and overstated risk mitigation that rendered FY2025 guidance unreliable.
• Plaintiffs tie investor losses to Fluor’s Aug. 1 disclosure of Q2 non‑GAAP EPS of $0.43 on $3.98 billion in revenue and a lowered FY2025 outlook, after which the stock fell 27% to close at $41.42.
• Class periods identified vary by firm, with some notices spanning Feb. 18–July 31, 2025 and one citing Feb. 18–May 6, 2025, and the litigation remains at an early stage with no class certified.