Fuel Card Program Manager To Pay $50M To Settle Shareholder Stock-Drop Claims

(November 14, 2019, 11:39 AM EST) -- ATLANTA — A company engaged in selling and managing multiple “fuel card” programs and two of its senior officials will pay $50 million to settle claims that they engaged in predatory and exploitive sales practices that artificially inflated the company’s stock price in violation of federal securities laws, according to a motion for preliminary approval of settlement filed Nov. 7 in Georgia federal court (City of Sunrise General Employees’ Retirement Plan v. FleetCor Technologies Inc., et al., No. 17-2207, N.D. Ga.)....