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


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

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,
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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