Glancy Prongay & Murray LLP Reminds Investors of Lead Plaintiff Deadline in the Class Action Lawsuit Against Fluor Corporation (FLR)

LOS ANGELES--()--Glancy Prongay & Murray LLP (“GPM”) reminds investors of the July 24, 2018 deadline to file a lead plaintiff motion in the class action filed on behalf of investors that purchased Fluor Corporation (“Fluor” or the “Company”) (NYSE: FLR) securities between August 14, 2013 and May 3, 2018, inclusive (the “Class Period”).

If you are a shareholder who suffered a loss, click here to participate.

On May 3, 2018, Fluor issued a press release announcing its first quarter 2018 financial results, and disclosing an after-tax charge of approximately $96 million for forecast revision on a gas-fired power project. Fluor revised its 2018 guidance for Earnings Per Share to $2.10-$2.50 per diluted share. On this news, shares of Fluor fell more than 22% to close at $45.76 on May 4, 2018, thereby injuring investors.

The complaint filed in this class action alleges that throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) Fluor's bidding process for gas-fired power projects was flawed; (2) Fluor had improperly estimated the gas-fired projects; (3) consequently, Fluor would face craft productivity, equipment, and other execution issues; (4) Fluor would incur multiple charges impacting quarterly results; (5) Fluor would ultimately decide to discontinue the pursuit of the gas-fired power market; and (6) as a result, defendants' statements about Fluor's business, operations, and prospects were false and misleading and/or lacked a reasonable basis.

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If you purchased shares of Fluor during the Class Period you may move the Court no later than July 24, 2018 to ask the Court to appoint you as lead. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Glancy Prongay and Murray LLP, Los Angeles
Lesley Portnoy, 310-201-9150 or 888-773-9224
www.glancylaw.com
shareholders@glancylaw.com

Release Summary

Glancy Prongay & Murray LLP Reminds Investors of Lead Plaintiff Deadline in the Class Action Lawsuit Against Fluor Corporation (FLR)

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Contacts

Glancy Prongay and Murray LLP, Los Angeles
Lesley Portnoy, 310-201-9150 or 888-773-9224
www.glancylaw.com
shareholders@glancylaw.com