BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of FleetCor Technologies, Inc. (“FleetCor” or the “Company”) (NYSE: FLT) investors concerning the Company and its officers’ possible violations of federal securities laws.
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.
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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.
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