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 reached a proposed settlement of the Action for $50,000,000 in cash that, if approved, will resolve all claims in the Action (the “Settlement”).
In this Action, Lead Plaintiff alleges 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.
If you are a member of the Class, in order to be potentially eligible to receive a payment from the Settlement, you must submit a Claim Form postmarked or submitted online no later than May 13, 2020.
Payments to eligible claimants will be made only if the Court approves the Settlement and a plan of allocation, and only after any appeals are resolved, and after the completion of all claims processing. Please be patient, as this process will take some time to complete.
|IMPORTANT DATES AND DEADLINES:|
|May 13, 2020
CLAIM FILING DEADLINE
|To be eligible to receive a payment from the Settlement, you must mail the Claim Form and supporting documentation, postmarked no later than May 13, 2020, or submit electronically no later than May 13, 2020, in accordance with the instructions in the Notice and Claim Form.|
|March 24, 2020
|To exclude yourself from the Class, you must submit a written request for exclusion so that it is received no later than March 24, 2020, in accordance with the instructions in the Notice.|
|March 24, 2020
|Any objections to the proposed Settlement, the proposed Plan of Allocation, or the motion for attorneys’ fees and Litigation Expenses, must be received no later than March 24, 2020, in accordance with the instructions in the Notice. In addition, please email a copy of your objection to email@example.com.|
|April 14, 2020
at 2:00 p.m.
SETTLEMENT FAIRNESS HEARING
To participate in the Settlement Fairness Hearing and/or ask to speak in Court about the fairness of the Settlement, see the instructions in the Notice, and the box at the top of this page.
The Settlement Fairness Hearing will be held on telephonically April 14, 2020 at 2:00 p.m. before the Honorable Leigh Martin May. See details above.