FleetCor Technologies (NYSE: FLT)

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STOCK SYMBOL: NYSE: FLT
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PRACTICE AREA: Investor Fraud
STATUS: Investigation
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510-725-3000 FLT@hbsslaw.com

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Hagens Berman Sobol Shapiro LLP alerts investors in FleetCor Technologies (NYSE: FLT) to the firm’s investigation into FleetCor’s operation of an allegedly fraudulent sustainability program, “Clean Advantage.”

If you are a long-term shareholder of FLT and wish to learn more about the firm’s investigation contact Hagens Berman Sobol Shapiro LLP.  For more infomation contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing FAF@hbsslaw.com.

Fleetcor, a fuel card and global payments company, sells the “Clean Advantage” program, a project aimed at allowing users to offset carbon emissions from their vehicles.  On June 6, 2019, Citron Research released a report calling Clean Advantage “THE LARGEST CLEAN ENERGY FRAUD in US history.”  According to the report, Fleetcor has allegedly pocketed nearly all of the $100 million generated from Clean Advantage, instead of using the proceeds to make proportionate investments in the environment to offset users’ carbon footprint.

“We’re focused on whether (i) Fleetcor perpetrated a ‘green fraud’ through Clean Advantage, (ii) FleetCor’s Board of Directors failed to carry out its supervisory and monitoring role, and (iii) the Company suffered damages,”  said Hagens Berman partner Reed Kathrein

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Hagens Berman believes that investors should be protected from corporate securities fraud and have the right to recover losses incurred in what they thought was a fiscally sound investment. Investing is a speculative business involving assessment of a variety of risks that can only be properly weighed with full disclosure of accurate information. No investor should suffer undue risk or incur losses due to misrepresentations related to their investment decisions. The firm vigorously pursues fraud recovery litigation, forcing corporations and mutual funds to answer to deceived investors.

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Hagens Berman is one of the country’s leading securities litigation law firms in the U.S. and is presently leading and investigating nationwide securities and derivative cases against some of the largest U.S. and international corporations for securities fraud, false and misleading statements, and/or Director waste, breach of fiduciary duty, or other malfeasance. Our firm’s independent research outpaces even government agencies, and we are the only firm dedicating its own resources to uncovering new instances of fraud. Hagens Berman has also taken on other corporations on behalf of investors throughout the United States for misleading or harming investors, and your claim will be handled by attorneys experienced in securities litigation.

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