More Firms Press Fluor Investors to Seek Lead Roles in Securities Suits Before Nov. 14
Plaintiffs claim undisclosed cost growth on marquee projects plus unreliable 2025 guidance hurt shareholders.
Overview
- Kahn Swick & Foti reminded investors they have until November 14, 2025 to seek lead‑plaintiff status for a class period from February 18 to July 31, 2025 in a case pending in the Northern District of Texas.
- Levi & Korsinsky publicized a filed complaint alleging rising costs tied to the Gordie Howe bridge and Texas highway projects, overstated risk mitigation, and unreliable FY2025 guidance.
- DJS Law Group invited shareholders who bought between February 18 and May 6, 2025 to discuss lead‑plaintiff options, citing alleged violations of Sections 10(b) and 20(a) and SEC Rule 10b‑5, with a November 14 deadline.
- KSF’s notice recapped August 1, 2025 results that missed earnings and revenue expectations, included a guidance cut, and were followed by a 27% drop to $41.42, events that underpin the alleged losses.
- The litigation remains in its early phase with differing class‑period definitions and no class certification or merits rulings reported, including the case Maglione v. Fluor Corporation, et al., No. 25‑cv‑02496.