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Case Status:    SETTLED
On or around 06/29/2005 (Date of order of final judgment)

Filing Date: September 12, 1997

As reported by the Company’ FORM 10-Q for the quarterly period ended June 30, 2005, tthe company has consummated settlement of an action in which the plaintiffs alleged that certain Fluor officers and directors violated the Securities Exchange Act of 1934 by providing false or misleading statements about the company’s business and prospects. These complaints purported to be class action complaints brought on behalf of purchasers of the company’s stock during the period from May 22, 1996 through February 18, 1997. During the first quarter of 2005 the company, its insurer and the plaintiffs reached an agreement to settle this proceeding for $18 million without any admission of company liability, of which $16 million was paid by the company’s insurers. The remaining $2 million had been previously provided, and therefore, did not affect operating results for the first half of 2005. A hearing to confirm the settlement was held on June 27, 2005 and the court approved the settlement on June 29, 2005.

According to the docket, on August 6, 2002, the plaintiff filed a Notice of Appeal in response to Judge Alicemarie H. Stotler’s Order dismissing the Third Consolidated Amended Complaint. On January 27, 2004, the Court entered the Mandate by the Ninth Circuit Court of Appeals reversing and remanding the action. On February 11, 2004, the plaintiff soon after filed a Fourth Consolidated Amended Complaint. A Stipulation of Settlement was filed and on March 31, 2005, Judge Alicemarie H. Stotler preliminarily approved the settlement. A hearing is set for June 27, 2005.

The original complaint alleges Fluor Corporation lied to shareholders about the company's financial condition in order to temporarily boost its stock price to trigger executive bonuses, a lawsuit filed Friday alleges. The suit, filed in federal court in Santa Ana, accuses the construction and engineering company and its top executives of hiding massive cost overruns at two power-plant sites. The company continued to perform well both on the bottom line and on Wall Street, landing the company's top executives incentive pay.

COMPANY INFORMATION:

Sector: Capital Goods
Industry: Construction Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: FLR
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: C.D. California
DOCKET #: 97-CV-00734
JUDGE: Hon. Alicemarie H. Stotler
DATE FILED: 09/12/1997
CLASS PERIOD START: 05/22/1996
CLASS PERIOD END: 02/18/1997
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Kaplan Fox & Kilsheimer, LLP (former New York, NY)
    805 Third Avenue, 22nd Floor, Kaplan Fox & Kilsheimer, LLP (former New York, NY), NY 10022
    212.687.1980 212.687.7714 · info@kaplanfox.com
  2. Milberg Weiss Bershad Hynes & Lerach LLP (San Diego, CA)
    600 West Broadway, 1800 One America Plaza, Milberg Weiss Bershad Hynes & Lerach LLP (San Diego, CA), CA 92101
    800.449.4900 · support@milberg.com
  3. Schiffrin & Barroway LLP
    3 Bala Plaza E, Schiffrin & Barroway LLP, PA 19004
    610.667.7706 610.667.7056 · info@sbclasslaw.com
  4. Soltan & Associates
    660 Newport Center Driver Suite 320, Soltan & Associates, CA 92660
    949.729.3100. 949.729.1527 ·
No Document Title Filing Date
COURT: C.D. California
DOCKET #: 97-CV-00734
JUDGE: Hon. Alicemarie H. Stotler
DATE FILED: 02/11/2004
CLASS PERIOD START: 05/22/1996
CLASS PERIOD END: 02/18/1997
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Kaplan Fox & Kilsheimer, LLP (former New York, NY)
    805 Third Avenue, 22nd Floor, Kaplan Fox & Kilsheimer, LLP (former New York, NY), NY 10022
    212.687.1980 212.687.7714 · info@kaplanfox.com
  2. Lerach Coughlin Stoia Geller Rudman & Robbins LLP (San Diego)
    655 West Broadway, Suite 1900, Lerach Coughlin Stoia Geller Rudman & Robbins LLP (San Diego), CA 92101
    619.231.1058 619.231.7423 ·
  3. Milberg Weiss Bershad Hynes & Lerach LLP (San Diego, CA)
    600 West Broadway, 1800 One America Plaza, Milberg Weiss Bershad Hynes & Lerach LLP (San Diego, CA), CA 92101
    800.449.4900 · support@milberg.com
  4. Schiffrin & Barroway LLP
    3 Bala Plaza E, Schiffrin & Barroway LLP, PA 19004
    610.667.7706 610.667.7056 · info@sbclasslaw.com
  5. Soltan & Associates
    660 Newport Center Driver Suite 320, Soltan & Associates, CA 92660
    949.729.3100. 949.729.1527 ·
No Document Title Filing Date
No Document Title Filing Date