FleetCor Technologies, Inc. Securities Litigation

Update: Per the Distribution Order, payments went out to Authorized Claimants for this matter in April 2021.

The information contained on this web page is only a summary of information presented in more detail in the NOTICE OF (I) PENDENCY OF CLASS ACTION AND PROPOSED SETTLEMENT; (II) SETTLEMENT FAIRNESS HEARING; and (III) MOTION FOR ATTORNEYS’ FEES AND LITIGATION EXPENSES. Because this website is just a summary, you should review the Notice for additional details.

The Court-appointed Lead Plaintiff, City of Sunrise General Employees’ Retirement Plan (“Lead Plaintiff”), on behalf of itself and the Class, has settled the Action for $50,000,000 in cash, resolving all claims in the Action (the “Settlement”).

Following a hearing on April 14, 2020, the Court approved the Settlement. On April 15, 2020, the Court entered an Order and Final Judgment approving the Settlement, an order approving the proposed Plan of Allocation, and an order awarding attorneys’ fees and litigation expenses.

In this Action, Lead Plaintiff alleged that defendants FleetCor Technologies, Inc. (“FleetCor” or the “Company”), Ronald F. Clarke, and Eric R. Dey (collectively, “Defendants”) violated the federal securities laws by making false and misleading statements regarding FleetCor’s business.

If you are a member of the Class, your rights will be affected and you may be eligible for a payment from the Settlement. The Class consists of:

All persons who purchased or otherwise acquired publicly traded common stock of FleetCor Technologies, Inc. (NYSE ticker symbol: FLT) during the period from February 5, 2016 through May 3, 2017, inclusive (the “Class Period”), and were damaged thereby.

Please read the Notice to fully understand your rights and options.