SAN DIEGO, CA / ACCESSWIRE / May 11, 2020 / The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in Fluor Corporation (NYSE:FLR) shares.
Investors, who purchased shares of Fluor Corporation (NYSE:FLR) prior to March 2017 and continue to hold any of those NYSE: FLR shares, have certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554.
On February 28, 2020, a lawsuit was filed against Fluor Corporation over alleged Securities Laws Violations. The plaintiff alleges that Fluor Corporation inflated its revenue and earnings by improperly recognizing revenue on 16 separate projects ("2Q 2019 Projects"), that once awarded a contract to perform work on a construction project, the Company would routinely submit "change orders" to its clients to request additional funds, which the client was not contractually obligated to pay, to cover "unforeseen circumstances", that Defendants repeatedly made false and misleading statements to investors regarding Fluor's revenue recognition practices with respect to its submission of these change orders, and that as a result of Defendants' misrepresentations, shares of Fluor's common stock traded at artificially inflated prices between November 2, 2017 and February 14, 2020.
Those who purchased Fluor Corporation (NYSE: FLR) shares should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
[email protected]
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
SOURCE: Shareholders Foundation, Inc.