Substantial Settlement Secured in Fluor Corporation Derivative Action
Kehoe Law Firm, P.C. and its co-counsel successfully secured a derivative settlement with the Fluor Corporation (“Fluor’” or the “Company”) individual Defendants. Under the deal, Fluor will adopt and maintain a set of management and board-level measures addressing project and risk management and oversight and performance-based compensation safeguards for at least four years.
The deal also requires the Company to allocate funding for the reforms, which are estimated to be approximately $10 million over the four years. The reforms, taken together, will reduce the chances that Fluor and its stockholders will suffer a loss of investor confidence and legal exposure moving forward; enhance the value of the Company through improved project and risk management, oversight, and decision-making; and help boost investor confidence in the integrity of the Company’s management and the effectiveness of its governance and oversight regime.
Michael Yarnoff, a Partner at Kehoe Law Firm, emphasized the importance of the measures secured in the settlement, stating, “Fluor’s reforms will help protect the Company from future liability and will strengthen Fluor’s overall commitment to better corporate governance and oversight.”
Questions About the Fluor Settlement?
Investors interested in learning more about the lawsuit and settlement can send us a message or contact Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, [email protected], [email protected].
ABOUT KEHOE LAW FIRM, P.C.
Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action firm dedicated to protecting investors and consumers from fraud and misconduct. Our attorneys have served as Lead or Co-Lead Counsel in major securities cases, recovering over $10 billion for institutional and individual investors.
Our firm litigates securities fraud, fiduciary breaches, unfair mergers and acquisitions, and antitrust violations, while also representing whistleblowers and advocating for victims of data breaches, consumer fraud, vehicle and product defects, employment law violations, retirement plan mismanagement, and other corporate and business misconduct. With a results-driven approach, we pursue justice and substantial recoveries for those we represent.
Kehoe Law Firm’s class action services are provided on a contingency-fee basis, meaning clients are not responsible for any fees or litigation expenses.
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