Update: Lawsuit for Investors in shares of FleetCo
Post# of 301275
SAN DIEGO, May 22, 2018 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors who purchased shares of FleetCor Technologies, Inc. (NYSE: FLT ).
Investors, who purchased shares of FleetCor Technologies, Inc. (NYSE: FLT ), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On June 15, 2017, a lawsuit was filed against FleetCor Technologies, Inc. over alleged securities laws violations. The plaintiff claimed that FleetCor Technologies, Inc misled investors with regard to the sources of and reasons for its earnings and growth and that FleetCor Technologies, Inc falsely stated that FleetCor Technologies, Inc discloses its fees to customers clearly and that it focuses its business on helping employers control spending and save money, while the Company in reality owes its ostensible success to overcharging customers, disseminating misleading marketing materials, and engaging in predatory sales practices, and that FleetCor's contracts did not clearly disclose the Company's fees and FleetCor's improper business practices did not help customers control spending or save money. The defendants filed their motions to dismiss the case in August 2017. On October 13, 2017, an amended complaint was filed and defendants filed another motion to dismiss the case on November 27, 2017.
On May 15, 2018, the court denied the defendants’ motion to dismiss the lawsuit.
Those who purchased FleetCor Technologies, Inc. (NYSE: FLT ) shares should contact the Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
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