A lawsuit was filed on behalf of investors in FleetCor Technologies, Inc. (NYSE:FLT) shares over alleged securities laws violations.

San Diego, CA -- (SBWire) -- 07/12/2017 --An investor in shares of FleetCor Technologies, Inc. (NYSE:FLT), filed a lawsuit against FleetCor Technologies over alleged Securities Laws violations.

Investors who purchased shares of FleetCor Technologies, Inc. (NYSE:FLT) should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

According to the complaint the plaintiff alleges on behalf of purchasers of FleetCor Technologies, Inc. (NYSE:FLT) common shares between February 5, 2016 and May 2, 2017, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 5, 2016 and May 2, 2017 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.

FleetCor Technologies, Inc. reported that its annual Total Revenue rose over $1.7 billion in 2015 to over $1.83 billion in 2016 and that its Net Income increased from $362.43 million in 2015 to $452.38 million in 2016. Shares of FleetCor Technologies, Inc. (NYSE:FLT) reached in 2016 as high as $173.70 per share.

On May 1, 2017 FleetCor Technologies, Inc. reported its first quarter 2017 financial results and issued its fiscal-year 2017 outlook. Shares of FleetCor Technologies, Inc. (NYSE:FLT) declined on May 3, 2017 to $121.52 per share.

Those who purchased shares of FleetCor Technologies, Inc. (NYSE:FLT) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com