Hertz Global Holdings, Inc. (HTZ) Securities Class Action LawsuitHertz Global Holdings, Inc. (HTZ) Securities Class Action Lawsuit Class Period: April 27, 2023 – April 24, 2024 Deadline for Lead Plaintiffs: July 30, 2024 Allegations: * Hertz understated the financial impact of vehicle depreciation and/or overstated its ability to track depreciation. * Demand for Hertz’s electric vehicles was lower than represented. * Hertz had an excessive number of vehicles in its fleet, especially EVs. * Hertz would incur significant losses on vehicle sales as a result. * These issues would materially impact the company’s financial results. * Hertz’s public statements were false and misleading. Law Firm Representing Investors: * Rosen Law Firm, P.A. * Laurence Rosen, Esq. * Phillip Kim, Esq. * Contact: (212) 686-1060 * Email: [email protected] How to Join the Class Action: * Visit https://rosenlegal.com/submit-form/?case_id=25647 * Call (866) 767-3653 * Email [email protected] Important Notes: * Investors must join the class action by July 30, 2024, to participate in any potential recovery. * There is no class certification yet. * Investors may select their own counsel or remain an absent class member. * The ability to share in any potential recovery is not dependent on serving as lead plaintiff.
NEW YORK, July 21, 2024 (GLOBE NEWSWIRE) —
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of Hertz Global Holdings, Inc. (NASDAQ: HTZ) securities between April 27, 2023 and April 24, 2024, both dates inclusive (the “Class Period”), of the important Deadline for lead plaintiffs: July 30, 2024.
SO: If you purchased Hertz securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO: To join the Hertz class action, go to https://rosenlegal.com/submit-form/?case_id=25647 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for class action information. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must request that the Court no later than July 30, 2024A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, companies issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but merely act as intermediaries that refer clients or work with law firms that actually litigate the cases. Choose your attorney wisely. Rosen Law Firm represents investors around the world, concentrating its practice in securities class action lawsuits and shareholder derivative litigation. Rosen Law Firm achieved the largest settlement in a securities class action lawsuit against a Chinese company. Rosen Law Firm was ranked No. 1 by ISS Securities Class Action Services for number of securities class action lawsuit settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the firm secured more than $438 million for investors. In 2020, law360 named founding partner Laurence Rosen a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Hertz had understated the financial impact of vehicle depreciation and/or overstated its ability to track and manage vehicle depreciation; (2) demand for Hertz’s electric vehicles (“EVs”) was not as strong as defendants had led investors to believe; (3) Hertz had too many vehicles, particularly EVs, in its fleet to remain profitable; (4) as a result of all of the foregoing, Hertz would likely incur significant losses on sales of both its internal combustion engine (“ICE”) vehicles and EVs; (5) all of the foregoing would likely have, and did have, a material adverse effect on Hertz’s financial results; and (6) as a result, Hertz’s public statements were materially false and misleading at all relevant times. When the true details emerged, the lawsuit alleges investors suffered damages.
To join the class action against Hertz, please visit https://rosenlegal.com/submit-form/?case_id=25647 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for class action information.
There is no class certification. Until a class is certified, you are not represented by counsel unless you hire one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent on serving as lead plaintiff.
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Contact details:
Laurence Rosen, Esq.
Philip Kim, Esq.
The Law Firm of Rosen, PA
275 Madison Avenue, 40th floor
New York, NY 10016
Phone: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com
