FleetCor Technologies Inc

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Case Summary
Company Name: FleetCor Technologies Inc
Stock Symbol : NYSE: FLT
Class Period Start: 02/05/2016
Class Period End: 05/02/2017
Lead Plaintiff motion: 08/14/2017
Date Filed: 06/14/2017
Type of Case: Securities Class Action
Court: U.S. District Court for the Northern District of Georgia
Summary:

Thieler Law Corp advises investors with losses exceeding $100,000 of the August 14, 2017 lead plaintiff deadline in a class action lawsuit filed against FleetCor Technologies Inc (NYSE: FLT) (“FleetCor” or “the Company”). The suit is pending in the U.S. District Court for the Northern District of Georgia and investors, who purchased FleetCor Technologies Inc securities between February 5, 2016 and May 2, 2017, have until August 14, 2017 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased FleetCor Technologies Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that the Company misled investors regarding the sources of and reasons for its earnings and growth; the Company falsely stated that it clearly discloses its fees to customers and that its business is focused on helping employers control spending and save money.

On March 1, 2017, an article published by Capitol Forum described how FleetCor's business model relies on overcharging customers and padding fee income through late fees even when customers pay on time.

On April 4, 2017, a report published by Citron Research accused FleetCor of being a "predatory company by design, whose cores strategy is to methodically rip off its customers, using business practices and fees that are designed to deceive."

On April 27, 2017, another report released by Citron explained that FleetCor had allegedly developed a scheme to categorize its customers based on the level of improper fees the Company could charge without customer complaint.

On this news, NYSE: FLT fell $5.73, or 3.79%, to close at $145.65 on April 27, 2017.

If you were negatively impacted by your investment in FleetCor Technologies Inc securities between February 5, 2016 and May 2, 2017 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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