Overview

• Captioned Maglione v. Fluor Corporation, No. 25-cv-02496, the case targets statements made between February 18 and July 31, 2025.
• The complaint alleges Fluor misled investors about operations and prospects, citing rising costs on the Gordie Howe, I-635/LBJ, and I-35 projects tied to design errors, price increases, and delays.
• Plaintiffs say the company overstated its risk mitigation strategy and downplayed the impact of economic uncertainty and reduced customer capital spending.
• On August 1, Fluor reported Q2 non-GAAP EPS of $0.43 and revenue of $3.98 billion and cut FY2025 guidance to adjusted EBITDA of $475–$525 million and adjusted EPS of $1.95–$2.15.
• The disclosures were followed by a roughly 27% share-price drop to $41.42, and multiple firms, including Robbins Geller, Bronstein, Bernstein Liebhard, ClaimsFiler, and Rosen Law, are notifying potential class members; the allegations remain unproven.