HENDERSONVILLE, TN / ACCESSWIRE / October 2, 2019 / The Law Offices of Timothy L. Miles, who has been leading the fight to protect shareholder rights for over 18 years, alerts shareholders that it is investigating certain officers and directors of FleetCor Technologies (NYSE: FLT) for potential breaches of fiduciary duties and other potential violations of state and federal law. FleetCor offers fuel payment solutions to businesses and government entities that operate vehicle fleets, as well as to oil and leasing companies, and fuel marketers.
Fleetcor Allegedly Commits "the Largest Clean Energy Fraud in US History"
Fleetcor sells the "Clean Advantage" program which allows customers to offset their fleet CO2 emissions. In return for a fee, the program automatically calculates a customer's emissions and invests in projects that offer a carbon offset. 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.
The firm's investigation is focused on whether: (1) Fleetcor committed a "green fraud" in connection with its Clean Advantage program; (2) FleetCor's Board of Directors board of directors breached their fiduciary duties; and (3) the Company suffered damages and, if so, the extent such damages.
The Law Offices of Timothy L. Miles Encourages FleetCor Shareholders to Contact the Firm
If you purchased FleetCor securities, have information, or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Timothy L. Miles, Esquire, at 615-587-7384, Toll-Free at 855-846-6529, or by email to [email protected]. If you inquire by email please include your mailing address, telephone number, and the number shares purchased.
About Timothy L. Miles
Timothy L. Miles is a nationally recognized shareholder rights attorney raised in Nashville, Tennessee. Mr. Miles was recentely selected as a 2019 Elite Lawyer of The South by Martindale-Hubbell® and ALM and maintains the AV Preeminent Rating by Martindale-Hubbell®, their highest rating for both legal ability and ethics. Mr. Miles is a member of the prestigious Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association, a superb rated attorney by Avvo, and recognized as a Distinguished Lawyer, Recognizing Excellence in Securities Law, by Lawyers of Distinction (2019). Awards: 2019 Elite Lawyer of The South by Martindale-Hubbell® and ALM (2019); Member of the Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association (2017-2019); AV® Preeminent™ Rating by Martindale-Hubble® (2014-2019); PRR AV Preeminent Rating on Lawyers.com (2017 & 2019); The Top-Rated Lawyer in Litigation™ for Ethical Standards and Legal Ability (Martindale-Hubble® 2015); Distinguished Lawyer, Recognizing Excellence in Securities Law, Lawyers of Distinction (2019); Superb Rated Attorney (Avvo); Avvo Top Rated Lawyer for 2017 & 2018 (Avvo).
Contact:
Timothy L. Miles, Esq.
Law Offices of Timothy L. Miles
124 Shiloh Ridge
Hendersonville, TN 37075
Telephone: (855-846-6529)
Email: [email protected] Website: www.timmileslaw.com
SOURCE: The Law Offices of Timothy L. Miles