Market Overview

Glancy Prongay & Murray LLP Announces the Filing of a Securities Class Action on Behalf of Fluor Corporation Investors (FLR)


National securities litigation law firm Glancy
Prongay & Murray LLP
("GPM") announces that a class action
lawsuit has been 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"). Fluor investors have until July 24, 2018 to
file a lead plaintiff motion.

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

Investors that suffered losses on their Fluor investments are encouraged
to contact Lesley Portnoy of GPM to discuss their legal rights in this
class action at 310-201-9150 or by email to

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 plaintiff. 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,
or visit our website at
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.

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