Michael has over 20 years of experience representing individual and small business plaintiffs against the world’s large financial institutions, including Visa, Mastercard, and Chase.
Our firm is investigating possible legal claims on behalf of Fluor Corporation investors. On February 18, 2020, Fluorannounced it was being investigated by the SEC for possible accounting and financial reporting errors, and that its 2019 10-K filing would be delayed as a result. On this news, Fluor stock dropped by over 25% in intraday trading.
Fluor Stock Losses?
If you suffered losses, contact us for a free and confidential consultation.
(Please provide number of shares, purchase date, and estimated losses.)
Fluor Probed by SEC, Delays 10-K Filing; Shares Plummet 25%
On February 18, 2020, Fluor disclosed that the Securities and Exchange Commission is investigating its accounting and financial reporting for the second quarter of 2019. As Fluor responds to requests for data by the SEC, the company is also reviewing prior period reporting. According to Executive Chairman Alan Boeckmann,
While we currently believe that the total dollar amount of the revenue and subsequent charges taken on this project was correct, we are reviewing whether the accounting and the financial reporting, along with a limited number of additional projects, was recognized in the appropriate reporting period.
Because Fluor says it is possible there are material errors in its prior period financial statements, the company will delay its 10-K filing until after February 2020.
Our Securities Lawyers Have a Winning Record Against Companies Like Fluor
Our securities lawyers have recovered over a billion dollars on behalf of our clients against behemoths, such as Chase Bank, Mastercard, and Anthem Blue Cross Blue Shield. Read more about our results.
You “shouldn’t presume that powerful banks and other powerful interests can just get away with doing bad things. Good, qualified counsel that are committed to a cause can usually figure out how to prosecute such cases effectively and prevail.”
–Eric Gibbs, award-winning securities attorney
Praise from the Courts
Federal judge in our AT&T class action:
“I’ve always found them to be extraordinary counsel in terms of their preparation and their professionalism.”
Federal judge in our Chase lawsuit (resulting in $100 million settlement):
They “fought tooth and nail, down to the wire” to achieve “the best settlement that they could under the circumstances.”
Read more about what judges say about us.
Our Featured Securities Team
Eileen works closely with investors in securities cases and has over a decade of experience in the legal world. She received her law degree from American University in 2005.
David’s advocacy has generated major recoveries for consumers impacted by financial fraud. He was named to the Top 40 Under 40 by Daily Journal and a “Rising Star in Class Actions” by Law360.
Amanda is spearheading a securities lawsuit against NantHealth concerning fraudulent statements to investors about the success of its key product.
Gibbs Law Group's Financial Fraud Experience
Gibbs Law Group’s financial fraud and securities lawyers have more than two decades of experience prosecuting fraud. Our attorneys have successfully litigated against some of the largest companies in the United States, and we have recovered more than a billion dollars on our clients’ behalf.
We have fought some of the most complex cases brought under federal and state laws nationwide, and our attorneys have been recognized with numerous awards and honors for their accomplishments, including Top 100 Super Lawyers in Northern California, Top Plaintiff Lawyers in California, The Best Lawyers in America, and rated AV Preeminent (among the highest class of attorneys for professional ethics and legal skills).
Share this on: