SEC Investigates Fluor's Accounting and Financial Reporting - FLR

SEC Investigates Fluor’s Accounting and Financial Reporting – FLR

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SEC Investigation of Fluor’s Past Accounting and Financial Reporting

Kehoe Law Firm, P.C. is making Fluor Corporation investors aware that on February 18, 2020, Fluor Corporation (“Fluor” or the “Company”) (NYSE: FLR) announced “. . . that the Securities and Exchange Commission . . . is conducting an investigation of the Company’s past accounting and financial reporting, and has requested documents and information related to projects for which [Fluor] recorded charges in the second quarter of 2019.”

Additionally, Fluor announced that

[i]n the course of responding to the SEC’s data requests and conducting our own internal review, the Company is reviewing its prior period reporting and related control environment. [Fluor] has not made a determination at this time as to whether there are prior period material errors in its financial statements, although such remains possible. Given the ongoing internal review and recent developments on two projects, [Fluor] does not expect to complete and file its annual report on Form 10-K prior to the end of February.

On this news, Fluor’s stock price dropped $4.70, or more than 24%, during intraday trading on February 18, 2020, thereby injuring Fluor investors. 

Fluor Corporation Investors & Shareholders

If you purchased, or otherwise acquired, Fluor Corporation stock and have suffered losses on your investments, you are encouraged to contact either John Kehoe, Esq., (215) 792-6676, Ext. 801, [email protected], or Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, [email protected], [email protected], to discuss your potential legal rights.

Kehoe Law Firm, P.C.