April 2, 2020 - An amended consolidated complaint was filed.

March 5, 2020 - The court granted in part the defendants' motion to dismiss. The plaintiffs were given leave to amend the complaint.

July 15, 2019 - A motion to dismiss the consolidated complaint was filed.

March 8, 2019 - A consolidated complaint was filed.

May 25, 2018 - An investor in shares of Fluor Corporation (NYSE: FLR) filed a lawsuit in the U.S. District Court for the Northern District of Texas over alleged violations of Federal Securities Laws by Fluor Corporation in connection with certain allegedly false and misleading statements made between August 14, 2013 and May 3, 2018.

According to the complaint the plaintiff alleges on behalf of purchasers of Fluor Corporation (NYSE: FLR) common shares between August 14, 2013 and May 3, 2018, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between August 14, 2013 and May 3, 2018, the defendants made false and/or misleading statements and/or failed to disclose that Fluor Corporation’s bidding process for projects related to the construction of gas-fired power generation facilities was flawed, that Fluor Corporation had improperly estimated the gas-fire projects, that as a result, Fluor Corporation would face craft productivity issues, equipment issues and other execution issues, that Fluor Corporation would incur multiple charges impacting quarterly results, and that Fluor Corporation would ultimately decide to discontinue the pursuit of the gas-fired power market.

Irving, TX based Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, and project management services worldwide. Fluor Corporation reported that its annual Total Revenue rose from over $19.03 billion in 2016 to over $19.52 billion in 2017 and that its Net Income declined from $281.4 million in 2016 to $191.37 million in 2017.

Shares of Fluor Corporation (NYSE: FLR) grew from $37.40 per share in August 2017 to as high as $61.53 per share in January 2018.

On May 3, 2018, Fluor Corporation issued a press release announcing its first quarter 2018 financial results, disclosing an after-tax charge of approximately $96 million for forecast revision on a gas-fired power project. Fluor Corporation revised its 2018 guidance for Earnings Per Share to $2.10-$2.50 per diluted share.

Shares of Fluor Corporation (NYSE: FLR) declined to $43.86 per share on May 7, 2018.