FleetCor Technologies, Inc. ("FleetCor") is a company that provides fuel cards and workforce payment products and services. Their customers include businesses, commercial fleets, oil companies, petroleum marketers and governments.

According to the law firm press release, the Complaint alleges that during the Class Period, FleetCor misled investors with regard to the sources of and reasons for its earnings and growth. The Complaint also alleges that FleetCor falsely stated that the Company discloses its fees to customers clearly and that it focuses its business on helping employers control spending and save money. In truth, the Company owes its ostensible success to overcharging customers, disseminating misleading marketing materials, and engaging in predatory sales practices. In addition, 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.

On August 15, 2017, Defendants filed a Motion to Dismiss the Complaint. On August 25, the Court issued an Order appointing Lead Plaintiff and Counsel and denying Defendants' Motion to Dismiss.

Lead Plaintiff filed an amended Complaint on October 13, 2017. On November 27, Defendants filed a Motion to Dismiss the amended Complaint. On May 15, 2018, the Court issued an Order granting in part and denying in part Defendants' Motion to dismiss.

On November 6, 2019, the parties entered into a Stipulation of Settlement. On December 12, the Court issued an Order preliminarily approving the Settlement On April 15, 2020, the Court granted final approval of the Settlement and entered Final Judgment. The Court issued an Order approving the Settlement's Distribution Plan on February 11, 2021.