On or around 12/10/2018 (Ongoing date of last review)
Filing Date: May 25, 2018
Fluor Corporation ("Fluor") is a holding company providing through various entities engineering, procurement, construction, fabrication and modularization, commissioning and maintenance and management services for clients (including the U.S. federal government) in industries such as oil and gas, chemicals and petrochemicals, mining and metals, transportation, power, life sciences and advanced manufacturing.
According to the law firm press release, the Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that (i) Fluor’s bidding process for projects related to the construction of gas-fired power generation facilities was flawed; (ii) Fluor had improperly estimated the gas-fire projects; (iii) as a result, Fluor would face craft productivity issues, equipment issues and other execution issues; (iv) Fluor would incur multiple charges impacting quarterly results; and (v) Fluor would ultimately decide to discontinue the pursuit of the gas-fired power market.
On December 10, 2018, the Court issued an Order appointing Lead Plaintiff and Counsel.
Company & Securities Information
Defendant: Fluor Corporation
Sector: Capital Goods
Industry: Construction Services
Headquarters: United States
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.
First Identified Complaint
Kin-Yip Chun, et al. v. Fluor Corporation, et al.
COURT: N.D. Texas
DOCKET #: 18-CV-01338
JUDGE: Hon. Karen Gren Scholer
DATE FILED: 05/25/2018
CLASS PERIOD START: 08/14/2013
CLASS PERIOD END: 05/03/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Brian Lauten, P.C. 3811 Turtle Creek Blvd. Suite 1450 , Brian Lauten, P.C., TX 75219 (214) 414-0996 (214) 744-3015 ·
Levi & Korsinsky, LLP 30 Broad Street, 15 1h Floor, Levi & Korsinsky, LLP, NY 10004 212.363.7500 212.363-7171 ·
First Identified Complaint (FIC) Filings:
Class Action Complaint
U.S. District Court Civil Docket
—Reference Complaint Complaint Related Data is not available
Related District Court Filings
—Related District Court Filings Data is not available