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Case Status:    ONGOING    
On or around 05/29/2020 (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 Plaintiffs and Counsel. Lead Plaintiffs filed a consolidated Complaint on March 8, 2019. Defendants filed a Motion to Dismiss the consolidated Complaint on July 15. On March 5, 2020, the Court issued an Order granting in part Defendants' Motion to Dismiss. Lead Plaintiffs were given leave to amend the Complaint. On April 2, Lead Plaintiffs filed an amended consolidated Complaint. The Court issued an Order consolidating cases on May 26.

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: 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:
  1. Brian Lauten, P.C.
  2. Levi & Korsinsky, LLP
No Document Title Filing Date
COURT: N.D. Texas
DOCKET #: 18-CV-01338
JUDGE: Hon. Karen Gren Scholer
DATE FILED: 04/02/2020
CLASS PERIOD START: 08/14/2013
CLASS PERIOD END: 02/14/2020
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Kendall Law Group, PLLC
  2. Pomerantz LLP (New York)
  3. Robbins Geller Rudman & Dowd LLP (San Diego)
  4. VanOverbeke Michaud & Timmony, P.C.
No Document Title Filing Date
—Related District Court Filings Data is not available