Fluor $14.6 Million Fair Fund: Claims & Payouts

If you purchased or acquired Fluor Corporation common stock between May 6, 2016, and February 17, 2020, and held it through one or both corrective disclosures on August 1, 2019, and February 18, 2020, you may be eligible to claim compensation from a civil action.

Fluor Corporation has agreed to create a $14,600,000 fair fund for allegedly failing to maintain adequate internal accounting controls and misrepresenting financial statements.

Who can file a claim?

To be considered eligible for compensation, you must meet the following criteria:

• Purchased or acquired Fluor Corporation common stock during the period from May 6, 2016, to February 17, 2020.
• Held the stock through one or both corrective disclosures on August 1, 2019, and February 18, 2020.
• Suffered harm due to violations of federal securities laws.

Eligible claimants are those who can demonstrate a Recognized Loss as calculated by the Plan of Allocation.

How much can is available for claims?

The compensation amount for class members depends on the Net Available Fair Fund and the Recognized Loss. If the Recognized Loss exceeds the available fund, payments will be made on a pro-rata basis.

For example, if the Net Available Fair Fund is $10,000,000 and the total Recognized Loss is $20,000,000, each claimant would receive 50% of their Recognized Loss.

• Recognized Loss Calculation: Based on the difference between the purchase price and the sale price or the holding value on the corrective disclosure date.
• Minimum Distribution Amount: $20.00.

If the award amount is subject to a net settlement fund calculation, the distribution will be proportional to each claimant's Recognized Loss. Hypothetical examples illustrate how the math works, ensuring transparency in the distribution process.

Is proof required to submit a claim?

Yes, claimants need to provide proof of their transactions in Fluor Corporation common stock. Required documentation includes:

• Broker confirmation slips or account statements.
• Authorized statements from brokers reporting transaction details.

How to file a claim

To file a claim, complete the claim form available online. You can file a claim online.

Ensure your claim is postmarked by December 30, 2024.

Important dates

• Deadline to File a Claim: December 30, 2024.

Why was there a civil action?

The civil action was initiated due to Fluor Corporation's alleged improper accounting practices and failure to maintain adequate internal controls, leading to misstated financial statements. The settlement was reached to compensate affected investors without further litigation.