Defendant Name:
Fluor Corporation
Defendant Type:
Public Company
Document Reference:
2023-170
Document Details
Legal Case Name
In the Matter of Fluor Corporation
Document Name
SEC Charges Fluor Corp. for Accounting Improprieties
Document Date
06-Sep-2023
Document Format
Administrative Proceeding
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On September 6, 2023, the SEC "announced that Irving, Texas-based Fluor Corporation will pay $14.5 million to settle charges stemming from the company’s improper accounting on two large-scale, fixed-price construction projects. Five former and current officers and employees also agreed to settle related charges for causing Fluor’s violations."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$14,500,000.00
Shared: