Fluor Corporation (NYSE: FLR)
Hagens Berman Sobol Shapiro LLP alerts investors in Fluor Corporation (NYSE: FLR) to the July 24, 2018 Lead Plaintiff deadline in the securities class action pending in the U.S. District Court for the Northern District of Texas.
If you purchased or otherwise acquired shares of FLR between August 14, 2013 and May 3, 2018 and suffered losses contact Hagens Berman Sobol Shapiro LLP. For more information, contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing FLUOR@hbsslaw.com.
On May 3, 2018, Defendants announced disappointing financial and operating results for the first fiscal quarter ended March 31, 2018 and slashed guidance for 2018.
Chief Executive David Seaton blamed Fluor’s poor performance in part on continued challenges on a gas-fired power project and stated the Company will discontinue its pursuit of lump-sum gas-fired power market from the end of Q1.
This news drove the price of Fluor shares down $13.23, or over 22%, to close at $45.76 on May 4, 2018.
“We’re focused on investors’ losses and Defendants’ apparently misleading statements about Fluor’s power segment,” said Hagens Berman partner Reed Kathrein.
Whistleblowers: Persons with non-public information regarding Fluor should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email FLUOR@hbsslaw.com.
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