FLT ALERT: Hagens Berman Alerts FleetCor Technologies (FLT) Shareholders to Investigation, Encourages Long-Term Shareholders to Contact the Firm
Hagens Berman Sobol Shapiro LLP, with nine offices in eight cities around the country and eighty attorneys, 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 FleetCor and wish to learn more about the firm's investigation contact Hagens Berman:
or contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing
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.
Whistleblowers: Persons with non-public information regarding FleetCor should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email FLT@hbsslaw.com.
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