LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of FleetCor Technologies, Inc. (“FleetCor” or the “Company”) (NYSE: FLT) concerning the Company and its officers’ possible violations of federal securities laws. To obtain information or aid in the investigation, please visit the FleetCor investigation page on our website at http://www.glancylaw.com/case/fleetcor-technologies-inc.
Over the course of several weeks, beginning sometime in March 2017, various news sources and stock analysts have accused the Company of overcharging customers and padding fee income through late fees even when customers pay without delay. For instance, Citron Research issued a report, on April 4, 2017, accusing FleetCor of being a "predatory company by design, whose core strategy is to methodically rip off its customers, using business practices and fees that are designed to deceive." And, on May 1, 2017, these allegations culminated in Chevron Corporation suing FleetCor in Texas State court for breach of contract resulting from these alleged improper fees.
On each disclosure of the Company’s alleged wrongdoing, FleetCor’s share price declined significantly in value, thereby damaging investors.
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If you purchased FleetCor securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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