Private investors just put serious money behind a Hertz subsidiary most people have never heard of, and the bet is shaking up the entire rental and fleet sector this morning.
Outside investors are putting fresh money behind the fleet business Hertz Global Holdings (NASDAQ:HTZ) built from its own rental operations. Hertz stock is up 12% to $2.06 this morning after the company announced a strategic equity investment in its Oro Mobility subsidiary.
At the same time, Ryder System (NYSE:R | R Price Prediction) stock is up 2% to $240.01, a far smaller gain than the jump in Hertz shares. Avis Budget Group (NASDAQ:CAR) shares are up 0.9% to $103.34, trailing the gains in both Hertz stock and Ryder stock.
Transportation stocks as a group are stronger, as well. The iShares Transportation Average ETF (CBOE:IYT) is up 2% to $80.57. For broad-market context, the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is up 0.5% to $770.54, leaving Hertz stock as the clear outlier in the group.
Oro Mobility Lands Outside Backing
Hertz announced that Oro Mobility, its majority-owned fleet subsidiary, secured an $80 million strategic equity investment. Backers include Cohen Private Ventures and funds affiliated with Certares Opportunities and Knighthead Capital Management, a group putting private money into a unit Hertz built in-house. Because Oro Mobility is privately held and carries no ticker of its own, Hertz stock remains the main publicly traded link to the business.
Oro provides integrated driver-led and autonomous fleet management across mobility segments, and its driver-led unit supports rideshare platforms. Management at Hertz frames Oro as one piece of a platform covering rent-a-car, service, fleet and mobility.
Under the deal terms, Hertz keeps majority economic ownership of Oro and stays on as its fleet and corporate services partner. That structure leaves Hertz with the larger share of the economics while Oro’s new capital funds expansion across rideshare rentals, driver-led and autonomous vehicle fleet management.
Gil West, who serves as Hertz CEO and as executive chairman of Oro Mobility, tied the investment to the company’s broader transformation. West issued a statement. In it, he declared, “This investment underscores the strong foundation we’ve built at Oro and the immense opportunity ahead, validating both Oro’s trajectory and Hertz’s transformation strategy.” His comment frames Oro as evidence that the overhaul at Hertz is producing assets outside investors want to back.
A Rally Tied to Hertz Alone
Modest gains in Ryder stock, Avis shares and the transportation fund point to the Oro deal as the driver behind the surge in Hertz stock, while a broad sector rally would typically lift rental and fleet names more equally.
Business models explain part of that gap. Hertz and Avis shares both trade on travel demand, rental days and vehicle utilization, while Ryder stock moves with freight volumes and commercial fleet leasing, and such a split means the Oro deal carries limited direct read-through for Ryder’s leasing operations.
Meanwhile, customer bookings remain central to the Hertz story. The company carries its own exposure to travel demand, rental days and vehicle utilization, the same drivers that shape Avis. Hertz shares have also spent much of the year under heavy pressure, and sharp jumps in low-priced, volatile stocks have a habit of fading without follow-up news. However, outside backers chose to fund Oro on its own merits, which offers some balance against those rental risks.
Autonomous Partnerships Set the Next Test for Oro
Hertz now faces the question of whether Oro’s push into autonomous vehicle fleets turns into new partnerships. Oro’s new capital gives it the means to pursue those deals, and West has tied Oro’s progress to the Hertz overhaul.
Ryder and Avis shares are trading closer to the transportation fund, keeping the Oro story specific to Hertz. Given the volatility, investors should keep their Hertz stock holdings modest until partnership news supports the rally.
Contact [email protected] for any questions or corrections.
Hertz Global Holdings Inc. (NASDAQ:HTZ) shares are trading higher Tuesday after its majority-owned subsidiary Oro Mobility secured an $80 million strategic equity investment from a consortium of investors.
ESTERO, Fla--(BUSINESS WIRE)--Hertz Global Holdings, Inc. (NASDAQ: HTZ) today announced that Oro Mobility has secured an $80 million strategic equity investment from a consortium of investors, including Cohen Private Ventures and certain funds or accounts affiliated with each of Certares Opportunities LLC and/or Knighthead Capital Management, LLC or an affiliate. This investment establishes Oro as a standalone growth platform, with the dedicated capital, talent, flexibility and strategic focus.
ESTERO, Fla.--(BUSINESS WIRE)--Hertz Global Holdings, Inc. (NASDAQ: HTZ) (the “Company”) announced today that it plans to report its third quarter 2026 financial results at 8:00 a.m. ET on Thursday, November 5, 2026, followed by an earnings call at 9:00 a.m. ET.
A live webcast of the call will be available on the Investor Relations page of the Company’s website at https://ir.hertz.com. To access the call by phone, please register through this link: Hertz Q3 2026 earnings teleco registration, and you will be provided with dial-in details. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time. A web replay will remain available on the website for approximately one year.
ABOUT HERTZ
Hertz Global Holdings, Inc. is one of the world’s leading car rental and mobility solutions providers. Its subsidiaries, including The Hertz Corporation, and licensees operate the Hertz, Dollar, Thrifty, and Firefly vehicle rental brands, with approximately 11,000 rental locations in 160 countries around the globe. The Company also operates the Hertz Car Sales brand, which offers a range of quality, competitively priced used cars for sale online and at locations across the United States, and the Hertz 24/7 car-sharing business in Europe. The Company’s operating affiliate, Oro Mobility, provides integrated driver-led and autonomous fleet management solutions across a range of mobility segments. For more information about Hertz, visit www.hertz.com.
Stocks with high short interest are a dime a dozen; the question is whether shorts can cover quickly, which is indicated by days to cover. Days to cover measures how many days at average volume it would take short sellers to close out 100% of their positions; the higher it is, the better (if you are looking for a squeeze), and above five is generally good. More than five days to cover suggests sufficient difficulty for shorts to cover, provided an explosive catalyst emerges.
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Hertz Global
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Hertz Global NASDAQ: HTZ is among the most heavily shorted stocks on the market and is exhibiting classic signs of a short squeeze. Depending on the platform, the short interest ranges from approximately 30% at the low end to as much as 75%, with a high short ratio in the mix.
The high short ratio is a key factor, as it indicates it would take more than a week of buying at normal levels to close out the short positions. Some platforms report as many as 11.5 days to cover. With this in play, the market needs only a catalyst to invigorate retail trading and drive all available shares to zero, sending shorts scrambling to cover and the share price rocketing higher.
Catalysts include the company’s growth and pathway to profitability. Recent results reflect unexpected strengths, including core fleet efficiency metrics like a smaller fleet size, 9% revenue per unit growth, and 8% revenue per day growth. Looking ahead, the company is expected to reach profitability over the coming year and may surprise investors with good news along the way.
Hertz's 2026 strategy rests on four pillars: fleet age, stabilizing depreciation, expanding service areas, and extending vehicle lifecycles. Fleet age is central; by reducing the overall fleet age to about a two- to three-year average, the company aims to lower maintenance and repair costs. Short-sellers focus on the high debt.
Meanwhile, the fleet mix is also changing, reducing the number of EVs to better align with the depreciation profile. For growth, the strategy focuses on markets outside of airports, the traditional home ground. They provide more predictable revenue with less holiday-related impact. Likewise, targeting the ride-share/delivery market helps extend vehicle lifecycles and monetization by giving drivers easy access to vehicles.
Analyst trends are a headwind. The eight MarketBeat tracks rate the stock as a Reduce, and price targets are falling. While consensus forecasts about 80% upside, the trend points to the low end, well below late-September trading levels. Institutions, however, own nearly 100% of the shares and have been accumulating them at such low levels, raising the stakes for short-sellers.
SoundHound AI: An Execution Story in PlaySoundHound AI Today
$5.85 +0.02 (+0.31%)
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$22.17$12.75
SoundHound NASDAQ: SOUN is another heavily shorted stock, with a short interest above 40% as of mid-September. The risks are cash burn and execution. Skeptics wonder whether the company can successfully monetize its backlog and transition to profitability while integrating massive acquisitions such as LivePerson. Again, days to cover matters, with MarketBeat data indicating seven days to cover, more than a week’s trading volume, suggesting this market is a tinderbox waiting to be lit. Catalysts include quarterly outperformance, likely given the trends and rapid LivePerson integration.
LivePerson is a key element, validating SoundHound’s ability to scale rapidly and capitalize on cross-selling opportunities if done successfully. Other catalysts include product innovation, including agentic AI and in-car voice assistance. The Oasys Edge platform aims to open new addressable markets by enabling localized AI deployment without an internet connection, while deals with Stellantis NYSE: STLA and NVIDIA NASDAQ: NVDA are strengthening its position as a leader in agentic automotive original equipment manufacturer (OEM) software.
The market gets SoundHound wrong by treating it as a niche, automotive-focused company with dubious leverage. It is transitioning into an enterprise-quality vendor, providing consumer-facing interfaces across the stack, and is starting to show leverage at scale. The OASYS and LivePerson acquisitions are central to the strategy, creating an omnichannel provider with voice, web, mobile, and SMS capabilities, already serving 25% of the Fortune 100. The question is whether the company can integrate the systems into a universal product and expand its user base, which is the optimal scenario.
Conversely, seven analysts rate SoundHound as a consensus of Moderate Buy with more than 50% Buy-side bias. They see its price floor near $6, aligning with the critical support target, and more than 100% upside at the midpoint target. Good news can trigger a move to consensus; the key question is whether it's enough to lift sentiment and spur analysts to raise price targets.
Should You Invest $1,000 in Hertz Global Right Now?Before you consider Hertz Global, you'll want to hear this.
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New York, New York--(Newsfile Corp. - September 22, 2026) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Hertz Global Holdings, Inc. ("Hertz" or the "Company") (NASDAQ: HTZ) on behalf of investors that purchased or otherwise acquired Hertz common stock between May 7, 2026 and June 23, 2026 (the "Class Period").
CLICK HERE TO JOIN THE CASE
If you are an investor in Hertz and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (646) 315-9003.
DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than September 22, 2026 to serve as a lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.
According to the complaint, on June 24, 2026, before the market opened, and just weeks after assuring investors that the Company's liquidity would be "sufficient to fund our operating activities and obligations for the next twelve months and for the foreseeable future thereafter" and projected year-end liquidity "north of $1.5 billion," Hertz announced a massive dilutive capital raise. Further, the complaint alleges that on this news, the price of Hertz's common stock declined more than 40% to close at $3.00 per share on June 24, 2026.
WHY CONTACT KAPLAN FOX?
Kaplan Fox & Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.
Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America—the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act—$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors, and a $475 million settlement in In re Merrill Lynch.
For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.
If you have any questions about this Notice, your rights, or your interests, please contact:
Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.
NEW YORK, Sept. 22, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Hertz Global Holdings, Inc. (“Hertz” or the “Company”) (NASDAQ: HTZ). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
The class action concerns whether Hertz and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
You have until September 22, 2026, to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquired Hertz securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com.
[Click here for information about joining the class action]
On June 24, 2026, before the market opened, and just weeks after assuring investors that the Company’s liquidity would be “sufficient to fund our operating activities and obligations for the next twelve months and for the foreseeable future thereafter” and projected year-end liquidity “north of $1.5 billion,” Hertz announced a massive dilutive capital raise. Through its wholly owned indirect subsidiary, Hertz intended to offer $300 million of Exchangeable Senior First-Lien Secured PIK Notes due 2030, together with a concurrent share-lending offering of more than 37 million shares of common stock from which the Company would receive no proceeds, and simultaneously disclosed that “unexpected softness in the used car market” had caused losses on the sale of vehicles in May 2026 and would drive second-quarter Adjusted Corporate EBITDA down to a range of just $50 million to $80 million.
On this news, Hertz’s stock price fell $2.06 per share, or 40.71%, to close at $3.00 per share on June 24, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
LOS ANGELES, Sept. 22, 2026 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Hertz Global Holdings, Inc., (“Hertz” or the "Company") (NASDAQ: HTZ) investors of a class action on behalf of investors that bought securities between February 19, 2025 and May 12, 2026, inclusive (the “Class Period”). Hertz investors have until September 22, 2026 to file a lead plaintiff motion.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: [email protected], to discuss their legal rights, or join the case via https://portnoylaw.com/hertz-global-holdings-inc. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
The Hertz class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Hertz’s liquidity was deteriorating far more rapidly than represented, and Hertz’ available liquidity was not sufficient to fund its operations and obligations for the next twelve months without resorting to a distressed, dilutive financing; (ii) the softness in the used-car market that defendants had characterized as “isolated to the quarter” and “transitory” had in fact recurred and was materially depressing Hertz’ net depreciation per unit and Adjusted Corporate EBITDA; and (iii) as a result of the foregoing, Hertz was likely to undertake a dilutive, distressed capital raise that would materially harm existing shareholders.
On June 24, 2026, before the market opened, and just weeks after allegedly assuring investors that Hertz’ liquidity would be “sufficient to fund our operating activities and obligations for the next twelve months and for the foreseeable future thereafter” and projected year-end liquidity “north of $1.5 billion,” the complaint alleges that Hertz announced a massive dilutive capital raise. According to the Hertz class action lawsuit, Hertz intended to offer $300 million of Exchangeable Senior First-Lien Secured PIK Notes due 2030 through its wholly-owned indirect subsidiary, together with a concurrent share-lending offering of more than 37 million shares of common stock from which Hertz would receive no proceeds, and simultaneously disclosed that “unexpected softness in the used car market” had caused losses on the sale of vehicles in May 2026 and would drive second-quarter Adjusted Corporate EBITDA down to a range of just $50 million to $80 million. On this news, the price of Hertz stock declined more than 40%, according to the complaint.
The Hertz class action lawsuit further alleges that on June 25, 2026, the aforementioned offering priced on still more dilutive terms, upsized to $350 million (up to $400 million) at a 6.75% coupon with an exchange price of approximately $3.58 per share, and with the borrowed common stock sold to the public at just $2.70 per share.
The Portnoy Law Firm represents investors in pursuing claims caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA, NY and TX Bar [email protected]
310-692-8883
www.portnoylaw.com
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Hertz Global Holdings, Inc. (NASDAQ: HTZ) between May 7, 2026 and June 23, 2026, inclusive (the “Class Period”), of the important September 22, 2026 lead plaintiff deadline.
SO WHAT: If you purchased Hertz common stock 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 NEXT: To join the Hertz class action, go to https://rosenlegal.com/cases/hertz-global-holdings-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 22, 2026. A lead plaintiff is a representative party acting 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, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as 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, throughout the Class Period, defendants made materially false and misleading statements and/or failed to disclose that: (1) Hertz’s liquidity was deteriorating far more rapidly than represented, and Hertz’s available liquidity was not sufficient to fund its operations and obligations for the next twelve months without resorting to a distressed, dilutive financing; (2) the softness in the used-car market that defendants had characterized as “isolated to the quarter” and “transitory” had in fact recurred and was materially depressing Hertz’s net depreciation per unit (“DPU”) and Adjusted Corporate EBITDA; (3) as a result of the foregoing, Hertz was likely to undertake a dilutive, distressed capital raise that would materially harm existing shareholders; and (4) as a result of the foregoing, defendants’ positive statements about Hertz’s business, operations, and liquidity position were materially false and misleading and lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Hertz class action, go to https://rosenlegal.com/cases/hertz-global-holdings-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain 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 upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827 [email protected]
www.rosenlegal.com
NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, reminds investors about a class action lawsuit on behalf of purchasers of common stock of Hertz Global Holdings, Inc. (NASDAQ: HTZ) between May 7, 2026 and June 23, 2026. Hertz describes itself as “one of the largest vehicle rental companies in the world.” For more information, submit a form, email attorney Phillip Kim, or give us a call at 866-767-3653. The Allegations: Rosen Law Firm is Investigating the Allegations.
New York, New York--(Newsfile Corp. - September 21, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Hertz Global Holdings, Inc. (NASDAQ: HTZ) between May 7, 2026 and June 23, 2026, inclusive (the "Class Period"), of the important September 22, 2026 lead plaintiff deadline.
SO WHAT: If you purchased Hertz common stock 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 NEXT: To join the Hertz class action, go to https://rosenlegal.com/cases/hertz-global-holdings-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 22, 2026. A lead plaintiff is a representative party acting 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, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as 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, throughout the Class Period, defendants made materially false and misleading statements and/or failed to disclose that: (1) Hertz's liquidity was deteriorating far more rapidly than represented, and Hertz's available liquidity was not sufficient to fund its operations and obligations for the next twelve months without resorting to a distressed, dilutive financing; (2) the softness in the used-car market that defendants had characterized as "isolated to the quarter" and "transitory" had in fact recurred and was materially depressing Hertz's net depreciation per unit ("DPU") and Adjusted Corporate EBITDA; (3) as a result of the foregoing, Hertz was likely to undertake a dilutive, distressed capital raise that would materially harm existing shareholders; and (4) as a result of the foregoing, defendants' positive statements about Hertz's business, operations, and liquidity position were materially false and misleading and lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Hertz class action, go to https://rosenlegal.com/cases/hertz-global-holdings-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain 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 upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/315295
Source: The Rosen Law Firm PA
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New York, New York--(Newsfile Corp. - September 21, 2026) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Hertz Global Holdings, Inc. ("Hertz" or the "Company") (NASDAQ: HTZ) on behalf of investors that purchased or otherwise acquired Hertz common stock between May 7, 2026 and June 23, 2026 (the "Class Period").
CLICK HERE TO JOIN THE CASE
If you are an investor in Hertz and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (646) 315-9003.
DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than September 22, 2026 to serve as a lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.
According to the complaint, on June 24, 2026, before the market opened, and just weeks after assuring investors that the Company's liquidity would be "sufficient to fund our operating activities and obligations for the next twelve months and for the foreseeable future thereafter" and projected year-end liquidity "north of $1.5 billion," Hertz announced a massive dilutive capital raise. Further, the complaint alleges that on this news, the price of Hertz's common stock declined more than 40% to close at $3.00 per share on June 24, 2026.
WHY CONTACT KAPLAN FOX?
Kaplan Fox & Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.
Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America—the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act—$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors, and a $475 million settlement in In re Merrill Lynch.
For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.
If you have any questions about this Notice, your rights, or your interests, please contact:
Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.
NEW YORK, Sept. 21, 2026 (GLOBE NEWSWIRE) -- Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Hertz Global Holdings, Inc. (“Hertz” or the “Company”) (NASDAQ: HTZ) on behalf of investors that purchased or otherwise acquired Hertz common stock between May 7, 2026 and June 23, 2026 (the “Class Period”).
CLICK HERE TO JOIN THE CASE
If you are an investor in Hertz and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (646) 315-9003.
DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than September 22, 2026 to serve as a lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.
According to the complaint, on June 24, 2026, before the market opened, and just weeks after assuring investors that the Company’s liquidity would be “sufficient to fund our operating activities and obligations for the next twelve months and for the foreseeable future thereafter” and projected year-end liquidity “north of $1.5 billion,” Hertz announced a massive dilutive capital raise. Further, the complaint alleges that on this news, the price of Hertz’s common stock declined more than 40% to close at $3.00 per share on June 24, 2026.
WHY CONTACT KAPLAN FOX?
Kaplan Fox & Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.
Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America—the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act—$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors, and a $475 million settlement in In re Merrill Lynch.
For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.
If you have any questions about this Notice, your rights, or your interests, please contact:
CONTACT:
Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(646) 315-9003 [email protected]
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1501
Oakland, California 94612
(415) 772-4704 [email protected]
Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.
LOS ANGELES, Sept. 21, 2026 (GLOBE NEWSWIRE) -- Schall, Brown & Schwartz LLP, a national shareholder rights litigation firm, announces that it has filed a federal securities class action on behalf of purchasers of Hertz Global Holdings, Inc. (NASDAQ: HTZ) common stock between May 7, 2026 and June 23, 2026, inclusive (the “Class Period”). Hertz investors have until September 22, 2026 to seek appointment as lead plaintiff of the purported class in the Hertz class action lawsuit. The complaint in Cameron Schweitzer v. Hertz Global Holdings, Inc. et al., No. 2:26-cv-02242 (M.D. Fla.) charges Hertz and certain of Hertz’s top executive officers with violations of the Securities Exchange Act of 1934.
If you purchased Hertz Global Holdings, Inc. securities you may be entitled to compensation without payment of any out-of-pocket fees or costs. Shareholders who purchased shares of HTZ during the Class Period are encouraged to contact SBS to find out if they are eligible to recover their losses or move the court to serve as lead plaintiff of the purported class and lead this lawsuit. Appointment as lead plaintiff is not required to partake in any recovery. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
CLASS PERIOD: May 7, 2026 to June 23, 2026
DEADLINE: September 22, 2026
If you are a shareholder who suffered a loss, click here to participate.
Details of the Case: Hertz is one of the largest vehicle rental companies in the world, renting cars and light trucks under the Hertz, Dollar, Thrifty, and Firefly brands at more than 11,000 locations in roughly 160 countries. The economics of the business turn on the fleet: Hertz buys hundreds of thousands of vehicles, finances most of them through asset-backed securitizations, and depends on reselling them into the used-car market at prices that hold up. Residual values and depreciation per unit are therefore central to whether the Company is profitable. After emerging from bankruptcy in 2021 and taking large write-downs on an ill-timed bet on electric vehicles, management launched a “Back-to-Basics” turnaround built around fleet discipline and cost control.
The Class Period begins on May 7, 2026, when Hertz announced its first quarter 2026 results, touting its “Strongest Revenue Growth in Three Years,” a 13% year-over-year improvement in Net Depreciation per Unit per Month to $312, and approximately $837 million of liquidity supplemented by roughly $200 million from an April financing. On that day’s earnings call, Hertz’s Chief Financial Officer told investors that the Company expected to end the second quarter with just under $1 billion of liquidity and to end the year “north of $1.5 billion.” The following day, Hertz filed its Form 10-Q, which stated that the Company’s cash, liquidity facilities, and refinancing options would be sufficient to fund its operating activities and obligations for the next twelve months and for the foreseeable future thereafter.
According to the complaint, those statements were materially false and misleading because: (i) Hertz’s liquidity was deteriorating far more rapidly than represented, and the Company’s available liquidity was not sufficient to fund its operations and obligations for the next twelve months without resorting to a distressed, dilutive financing; (ii) the softness in the used-car market that defendants had characterized as isolated to the quarter and transitory had in fact recurred and was materially depressing the Company’s net depreciation per unit and Adjusted Corporate EBITDA; and (iii) as a result, Hertz was likely to undertake a dilutive, distressed capital raise that would materially harm existing shareholders.
On June 24, 2026, before the market opened — just weeks after assuring investors that its liquidity would carry the Company for at least twelve months — Hertz announced that a wholly owned indirect subsidiary intended to offer $300 million of Exchangeable Senior First-Lien Secured PIK Notes due 2030, together with a concurrent share-lending offering of more than 37 million shares of common stock from which the Company would receive no proceeds. Hertz simultaneously disclosed that “unexpected softness in the used car market” had caused losses on the sale of vehicles in May 2026 and would drive second quarter Adjusted Corporate EBITDA down to a range of just $50 million to $80 million. On this news, the price of Hertz common stock declined more than 40%, closing at $3.00 per share on June 24, 2026. The next day, the offering priced on still more dilutive terms — upsized to $350 million (up to $400 million) at a 6.75% coupon, with an exchange price of approximately $3.58 per share, and with the borrowed common stock sold to the public at just $2.70 per share.
We encourage investors to contact Brian Schall, David Schwartz, and Adam Rosen of Schall, Brown & Schwartz LLP 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
Join the case to recover your losses
Why SBS: Schall, Brown & Schwartz LLP represents investors around the world, specializing in securities class action lawsuits and shareholder rights litigation. SBS brings together the extensive experience and diverse skillsets of founding partners Brian Schall, Andrew Brown, and David Schwartz. SBS attorneys are responsible for recovering over a billion dollars for violations of securities laws and corporate misfeasance.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
Schall, Brown & Schwartz LLP
Brian Schall, Esq.,
David Schwartz, Esq.,
Adam Rosen, Esq.
www.schallfirm.com
Office: 310-301-3335 [email protected]
HTZ Deadline: HTZ Investors Have Opportunity to Lead Hertz Global Holdings, Inc. Securities Fraud LawsuitPR NewswireNEW YORK, Sept. 21, 2026NEW YORK, Sept. 21,
Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Hertz Global Holdings, Inc. (NASDAQ: HTZ) between May 7, 2026 and June 23, 2026, inclusive (the "Class Period"), of the important September 22, 2026 lead plaintiff deadline.
So What: If you purchased Hertz common stock 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 next: To join the Hertz class action, go to https://rosenlegal.com/cases/hertz-global-holdings-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 22, 2026. A lead plaintiff is a representative party acting 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, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as 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, throughout the Class Period, defendants made materially false and misleading statements and/or failed to disclose that: (1) Hertz's liquidity was deteriorating far more rapidly than represented, and Hertz's available liquidity was not sufficient to fund its operations and obligations for the next twelve months without resorting to a distressed, dilutive financing; (2) the softness in the used-car market that defendants had characterized as "isolated to the quarter" and "transitory" had in fact recurred and was materially depressing Hertz's net depreciation per unit ("DPU") and Adjusted Corporate EBITDA; (3) as a result of the foregoing, Hertz was likely to undertake a dilutive, distressed capital raise that would materially harm existing shareholders; and (4) as a result of the foregoing, defendants' positive statements about Hertz's business, operations, and liquidity position were materially false and misleading and lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Hertz class action, go to https://rosenlegal.com/cases/hertz-global-holdings-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain 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 upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Hertz Global Holdings, Inc. (NASDAQ: HTZ) between May 7, 2026 and June 23, 2026, inclusive (the “Class Period”), of the important September 22, 2026 lead plaintiff deadline.
SO WHAT: If you purchased Hertz common stock 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 NEXT: To join the Hertz class action, go to https://rosenlegal.com/cases/hertz-global-holdings-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 22, 2026. A lead plaintiff is a representative party acting 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, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as 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, throughout the Class Period, defendants made materially false and misleading statements and/or failed to disclose that: (1) Hertz’s liquidity was deteriorating far more rapidly than represented, and Hertz’s available liquidity was not sufficient to fund its operations and obligations for the next twelve months without resorting to a distressed, dilutive financing; (2) the softness in the used-car market that defendants had characterized as “isolated to the quarter” and “transitory” had in fact recurred and was materially depressing Hertz’s net depreciation per unit (“DPU”) and Adjusted Corporate EBITDA; (3) as a result of the foregoing, Hertz was likely to undertake a dilutive, distressed capital raise that would materially harm existing shareholders; and (4) as a result of the foregoing, defendants’ positive statements about Hertz’s business, operations, and liquidity position were materially false and misleading and lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Hertz class action, go to https://rosenlegal.com/cases/hertz-global-holdings-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain 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 upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827 [email protected]
www.rosenlegal.com
New York, New York--(Newsfile Corp. - September 18, 2026) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Hertz Global Holdings, Inc. ("Hertz" or the "Company") (NASDAQ: HTZ) on behalf of investors that purchased or otherwise acquired Hertz common stock between May 7, 2026 and June 23, 2026 (the "Class Period").
CLICK HERE TO JOIN THE CASE
If you are an investor in Hertz and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (646) 315-9003.
DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than September 22, 2026 to serve as a lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.
According to the complaint, on June 24, 2026, before the market opened, and just weeks after assuring investors that the Company's liquidity would be "sufficient to fund our operating activities and obligations for the next twelve months and for the foreseeable future thereafter" and projected year-end liquidity "north of $1.5 billion," Hertz announced a massive dilutive capital raise. Further, the complaint alleges that on this news, the price of Hertz's common stock declined more than 40% to close at $3.00 per share on June 24, 2026.
WHY CONTACT KAPLAN FOX?
Kaplan Fox & Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.
Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America—the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act—$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors, and a $475 million settlement in In re Merrill Lynch.
For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.
If you have any questions about this Notice, your rights, or your interests, please contact:
Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.
NEW YORK, Sept. 18, 2026 (GLOBE NEWSWIRE) -- Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Hertz Global Holdings, Inc. (“Hertz” or the “Company”) (NASDAQ: HTZ) on behalf of investors that purchased or otherwise acquired Hertz common stock between May 7, 2026 and June 23, 2026 (the “Class Period”).
CLICK HERE TO JOIN THE CASE
If you are an investor in Hertz and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (646) 315-9003.
DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than September 22, 2026 to serve as a lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.
According to the complaint, on June 24, 2026, before the market opened, and just weeks after assuring investors that the Company’s liquidity would be “sufficient to fund our operating activities and obligations for the next twelve months and for the foreseeable future thereafter” and projected year-end liquidity “north of $1.5 billion,” Hertz announced a massive dilutive capital raise. Further, the complaint alleges that on this news, the price of Hertz’s common stock declined more than 40% to close at $3.00 per share on June 24, 2026.
WHY CONTACT KAPLAN FOX?
Kaplan Fox & Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.
Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America—the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act—$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors, and a $475 million settlement in In re Merrill Lynch.
For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.
If you have any questions about this Notice, your rights, or your interests, please contact:
CONTACT:
Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(646) 315-9003 [email protected]
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1501
Oakland, California 94612
(415) 772-4704 [email protected]
Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.
Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In Hertz (HTZ) To Contact Him Directly To Discuss Their Options
If you purchased or acquired Hertz common stock between May 7, 2026 and June 23, 2026 and would like to discuss your legal rights, contact Bragar Eagel & Squire partners Brandon Walker or Melissa Fortunato by email at [email protected] or by telephone at (212) 355-4648.
Click here to participate in the action.
NEW YORK, Sept. 18, 2026 (GLOBE NEWSWIRE) --
What’s Happening?
Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Hertz Global Holdings, Inc. (“Hertz” or the “Company”) (NASDAQ:HTZ) in the United States District Court for the Middle District of Florida on behalf of all persons and entities who purchased or otherwise acquired Hertz common stock between May 7, 2026 and June 23, 2026, both dates inclusive (the “Class Period”). Investors have until September 22, 2026 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
What are the Allegation Details?
The lawsuit alleges that Defendants made false and misleading statements and/or failed to disclose material adverse facts regarding Hertz’s business, operations, and financial condition, including allegations that: (a) Hertz’s liquidity was deteriorating far more rapidly than represented, and its available liquidity was not sufficient to fund its operations and obligations for the next twelve months without resorting to a distressed, dilutive financing; (b) the softness in the used-car market that Defendants had characterized as “isolated to the quarter” and “transitory” had in fact recurred and was materially depressing Hertz’s net depreciation per unit (“DPU”) and Adjusted Corporate EBITDA; and (c) as a result, Hertz was likely to undertake a dilutive, distressed capital raise that would materially harm existing shareholders.
What are my Next Steps?
If you purchased or otherwise acquired Hertz shares and suffered a loss, are a long-term stockholder, have information, 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 Brandon Walker or Melissa Fortunato by email at [email protected], telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, South Carolina, and California. The firm represents individual and institutional investors in securities, derivative, and commercial litigation as well as individuals in consumer protection and data privacy litigation. The firm has a nationwide practice and routinely handles cases in both federal and state courts. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Follow us for updates on LinkedIn and Facebook, and keep up with other news by following Brandon Walker, Esq. on LinkedIn.
NEW YORK, Sept. 17, 2026 (GLOBE NEWSWIRE) -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against Hertz Global Holdings, Inc. (NASDAQ: HTZ) and certain of its officers.
This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Hertz securities between May 7, 2026 and June 23, 2026, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: bgandg.com/HTZ.
Hertz Case Details
The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and failed to disclose material adverse facts about the Company's business, operations, and financial condition. Specifically, the Complaint alleges that Defendants failed to disclose to investors:
(1) that Hertz's liquidity was deteriorating significantly faster than the Company had represented; (2) that the Company's available liquidity was insufficient to fund its operations and meet its obligations over the following twelve months without pursuing a distressed and dilutive financing transaction; (3) that weakness in the used-car market, which Defendants characterized as temporary and limited to a single quarter, had in fact persisted and was materially reducing the Company's net depreciation per unit and Adjusted Corporate EBITDA; (4) that, as a result, Hertz was likely to undertake a dilutive capital raise under distressed conditions that would materially harm existing shareholders; and (5) that, as a result of the foregoing, Defendants' positive statements regarding Hertz's liquidity, financial condition, operating performance, and future outlook were materially false and misleading and/or lacked a reasonable basis. What's Next for Hertz Investors?
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm’s site: bgandg.com/HTZ. or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in Hertz you have until September 22, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.
No Cost to Hertz Investors
We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman, LLC for Hertz Securities Class Action?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com
"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.
Follow us for updates on LinkedIn, X, Facebook, or Instagram.
Contact Info
Peretz Bronstein, Esq. or Nathan Miller
Bronstein, Gewirtz & Grossman, LLC
917-590-0911 | [email protected]
Attorney advertising.
Prior results do not guarantee similar outcomes.
New York, New York--(Newsfile Corp. - September 17, 2026) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Hertz Global Holdings, Inc. ("Hertz" or the "Company") (NASDAQ: HTZ) on behalf of investors that purchased or otherwise acquired Hertz common stock between May 7, 2026 and June 23, 2026 (the "Class Period").
CLICK HERE TO JOIN THE CASE
If you are an investor in Hertz and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (646) 315-9003.
DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than September 22, 2026 to serve as a lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.
According to the complaint, on June 24, 2026, before the market opened, and just weeks after assuring investors that the Company's liquidity would be "sufficient to fund our operating activities and obligations for the next twelve months and for the foreseeable future thereafter" and projected year-end liquidity "north of $1.5 billion," Hertz announced a massive dilutive capital raise. Further, the complaint alleges that on this news, the price of Hertz's common stock declined more than 40% to close at $3.00 per share on June 24, 2026.
WHY CONTACT KAPLAN FOX?
Kaplan Fox & Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.
Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America—the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act—$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors, and a $475 million settlement in In re Merrill Lynch.
For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.
If you have any questions about this Notice, your rights, or your interests, please contact:
Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.
, /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Hertz Global Holdings, Inc. ("Hertz" or the "Company") (NASDAQ: HTZ). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
The class action concerns whether Hertz and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
You have until September 22, 2026, to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquired Hertz securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com.
[Click here for information about joining the class action]
On June 24, 2026, before the market opened, and just weeks after assuring investors that the Company's liquidity would be "sufficient to fund our operating activities and obligations for the next twelve months and for the foreseeable future thereafter" and projected year-end liquidity "north of $1.5 billion," Hertz announced a massive dilutive capital raise. Through its wholly owned indirect subsidiary, Hertz intended to offer $300 million of Exchangeable Senior First-Lien Secured PIK Notes due 2030, together with a concurrent share-lending offering of more than 37 million shares of common stock from which the Company would receive no proceeds, and simultaneously disclosed that "unexpected softness in the used car market" had caused losses on the sale of vehicles in May 2026 and would drive second-quarter Adjusted Corporate EBITDA down to a range of just $50 million to $80 million.
On this news, Hertz's stock price fell $2.06 per share, or 40.71%, to close at $3.00 per share on June 24, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
LOS ANGELES, Sept. 17, 2026 (GLOBE NEWSWIRE) -- Schall, Brown & Schwartz LLP, a national shareholder rights litigation firm, announces that it has filed a federal securities class action on behalf of purchasers of Hertz Global Holdings, Inc. (NASDAQ: HTZ) common stock between May 7, 2026 and June 23, 2026, inclusive (the “Class Period”). Hertz investors have until September 22, 2026 to seek appointment as lead plaintiff of the purported class in the Hertz class action lawsuit. The complaint in Cameron Schweitzer v. Hertz Global Holdings, Inc. et al., No. 2:26-cv-02242 (M.D. Fla.) charges Hertz and certain of Hertz’s top executive officers with violations of the Securities Exchange Act of 1934.
If you purchased Hertz Global Holdings, Inc. securities you may be entitled to compensation without payment of any out-of-pocket fees or costs. Shareholders who purchased shares of HTZ during the Class Period are encouraged to contact SBS to find out if they are eligible to recover their losses or move the court to serve as lead plaintiff of the purported class and lead this lawsuit. Appointment as lead plaintiff is not required to partake in any recovery. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
CLASS PERIOD: May 7, 2026 to June 23, 2026
DEADLINE: September 22, 2026
If you are a shareholder who suffered a loss, click here to participate.
Details of the Case: Hertz is one of the largest vehicle rental companies in the world, renting cars and light trucks under the Hertz, Dollar, Thrifty, and Firefly brands at more than 11,000 locations in roughly 160 countries. The economics of the business turn on the fleet: Hertz buys hundreds of thousands of vehicles, finances most of them through asset-backed securitizations, and depends on reselling them into the used-car market at prices that hold up. Residual values and depreciation per unit are therefore central to whether the Company is profitable. After emerging from bankruptcy in 2021 and taking large write-downs on an ill-timed bet on electric vehicles, management launched a “Back-to-Basics” turnaround built around fleet discipline and cost control.
The Class Period begins on May 7, 2026, when Hertz announced its first quarter 2026 results, touting its “Strongest Revenue Growth in Three Years,” a 13% year-over-year improvement in Net Depreciation per Unit per Month to $312, and approximately $837 million of liquidity supplemented by roughly $200 million from an April financing. On that day’s earnings call, Hertz’s Chief Financial Officer told investors that the Company expected to end the second quarter with just under $1 billion of liquidity and to end the year “north of $1.5 billion.” The following day, Hertz filed its Form 10-Q, which stated that the Company’s cash, liquidity facilities, and refinancing options would be sufficient to fund its operating activities and obligations for the next twelve months and for the foreseeable future thereafter.
According to the complaint, those statements were materially false and misleading because: (i) Hertz’s liquidity was deteriorating far more rapidly than represented, and the Company’s available liquidity was not sufficient to fund its operations and obligations for the next twelve months without resorting to a distressed, dilutive financing; (ii) the softness in the used-car market that defendants had characterized as isolated to the quarter and transitory had in fact recurred and was materially depressing the Company’s net depreciation per unit and Adjusted Corporate EBITDA; and (iii) as a result, Hertz was likely to undertake a dilutive, distressed capital raise that would materially harm existing shareholders.
On June 24, 2026, before the market opened — just weeks after assuring investors that its liquidity would carry the Company for at least twelve months — Hertz announced that a wholly owned indirect subsidiary intended to offer $300 million of Exchangeable Senior First-Lien Secured PIK Notes due 2030, together with a concurrent share-lending offering of more than 37 million shares of common stock from which the Company would receive no proceeds. Hertz simultaneously disclosed that “unexpected softness in the used car market” had caused losses on the sale of vehicles in May 2026 and would drive second quarter Adjusted Corporate EBITDA down to a range of just $50 million to $80 million. On this news, the price of Hertz common stock declined more than 40%, closing at $3.00 per share on June 24, 2026. The next day, the offering priced on still more dilutive terms — upsized to $350 million (up to $400 million) at a 6.75% coupon, with an exchange price of approximately $3.58 per share, and with the borrowed common stock sold to the public at just $2.70 per share.
We encourage investors to contact Brian Schall, David Schwartz, and Adam Rosen of Schall, Brown & Schwartz LLP 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
Join the case to recover your losses
Why SBS: Schall, Brown & Schwartz LLP represents investors around the world, specializing in securities class action lawsuits and shareholder rights litigation. SBS brings together the extensive experience and diverse skillsets of founding partners Brian Schall, Andrew Brown, and David Schwartz. SBS attorneys are responsible for recovering over a billion dollars for violations of securities laws and corporate misfeasance.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
Schall, Brown & Schwartz LLP
Brian Schall, Esq.,
David Schwartz, Esq.,
Adam Rosen, Esq.
www.schallfirm.com
Office: 310-301-3335 [email protected]
Time-Sensitive: Allegations focus on used-car market softness vehicle rental securities statements and Hertz's representations that depreciation pressure was transitory, isolated, and manageable under its Back-to-Basics fleet strategy.
, /PRNewswire/ -- SueWallSt alerts investors in Hertz Global Holdings, Inc. (NASDAQ: HTZ) of a pending securities class action on behalf of shareholders who purchased securities between May 7, 2026 and June 23, 2026. Check if you might be eligible to recover your investment losses or call (888) SueWallSt.
HTZ shares declined more than 40% after Hertz announced a $300 million exchangeable notes offering, a concurrent share-lending offering of more than 37 million shares, and second-quarter Adjusted Corporate EBITDA guidance of only $50 million to $80 million. The Court has set September 22, 2026 as the deadline to apply for lead plaintiff appointment.
"Investors deserve transparency about material risks that could affect their investments, especially where a company attributes market pressure to temporary conditions while relying on a turnaround plan tied to fleet discipline. The allegations here focus on whether Hertz shareholders received a fair picture of used-car market risks and depreciation exposure before the sharp stock decline." -- Joseph E. Levi, Esq.
The lawsuit asserts that Hertz characterized weakness in the used-car market as transitory and isolated to a specific quarter, while the action claims that recurring market softness was already affecting vehicle residual values, fleet economics, and expected second-quarter performance.
As alleged, Hertz's Back-to-Basics strategy depended on disciplined fleet rotation and the Company's ability to manage Net Depreciation per Unit. The complaint contends that those representations were materially incomplete because investors were not told that used-car market pressure was undermining management's representations of their turnaround narrative.
Used-Car Volatility and Fleet Depreciation Pressures
The action claims the following issues mattered to investors evaluating HTZ securities:
Hertz's rental model allegedly depended heavily on resale values for used vehicles. Management described used-car softness as temporary while the lawsuit asserts the pressure had recurred. The Back-to-Basics strategy allegedly emphasized Buy Right, Hold Right, Sell Right discipline. Net Depreciation per Unit was represented as improving toward the Company's stated North Star target. Plaintiffs allege the Company failed to disclose that depreciation and residual-value pressures could sharply reduce near-term earnings. Why DPU Adequacy Allegedly Matters to HTZ Investors
For a vehicle rental company, depreciation is not a minor operating detail. It directly affects profitability because vehicles must be purchased, held, rented, and later resold into a market that can change quickly.
As alleged, Hertz investors were told that fleet management was improving while the Company later disclosed unexpected used-car market softness and a steep reduction in expected second-quarter Adjusted Corporate EBITDA. The lawsuit asserts that this sequence corrected prior alleged representations concerning market conditions and fleet discipline.
Learn more about the case or call (888) SueWallSt.
WHY SUEWALLST: SueWallSt is powered by Levi & Korsinsky LLP. Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
Frequently Asked Questions About the HTZ Lawsuit
Q: What specific misstatements does the HTZ lawsuit allege? A: The complaint alleges Hertz Global Holdings, Inc. made materially false or misleading statements regarding used-car market softness, fleet depreciation, Net Depreciation per Unit, the Back-to-Basics strategy, and the Company's ability to manage vehicle residual values during the Class Period. When Hertz disclosed unexpected used-car market softness, a dilutive financing, and second-quarter Adjusted Corporate EBITDA guidance of $50 million to $80 million, the stock price declined sharply.
Q: When did Hertz Global Holdings, Inc. allegedly mislead investors? A: The Class Period runs from May 7, 2026 to June 23, 2026. The complaint alleges that corrective disclosures on June 24, 2026 revealed information that caused HTZ shares to fall more than 40%.
Q: What court was the HTZ class action filed in? A: The case was filed in the United States District Court for the Middle District of Florida, Ft. Myers Division, and is governed by the Private Securities Litigation Reform Act of 1995.
Q: What is a lead plaintiff and why does it matter? A: A lead plaintiff is the investor appointed by the court to represent the entire class. Lead plaintiffs are typically investors with the largest documented losses. Being appointed does not increase individual recovery but gives direct oversight of how the case is run.
Q: What documents do I need to to submit my information? A: Brokerage statements or trade confirmations showing purchase dates, share quantities, prices paid, and any subsequent sale dates and prices.
Q: What if I already sold my HTZ shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought during the Class Period and sold at a loss may still be eligible to participate.
Q: Do I need to go to court or give testimony? A: No. The overwhelming majority of class members never appear in court or give depositions. If there is a settlement or recovery, eligible class members generally submit a claim form to seek their portion.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
[email protected]
Tel: (888) SueWallSt
Fax: (212) 363-7171
Attorney Advertising. Prior results do not guarantee similar outcomes.
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Hertz Global Holdings, Inc. (NASDAQ: HTZ) between May 7, 2026 and June 23, 2026, inclusive (the “Class Period”), of the important September 22, 2026 lead plaintiff deadline.
SO WHAT: If you purchased Hertz common stock 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 NEXT: To join the Hertz class action, go to https://rosenlegal.com/cases/hertz-global-holdings-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 22, 2026. A lead plaintiff is a representative party acting 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, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as 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, throughout the Class Period, defendants made materially false and misleading statements and/or failed to disclose that: (1) Hertz’s liquidity was deteriorating far more rapidly than represented, and Hertz’s available liquidity was not sufficient to fund its operations and obligations for the next twelve months without resorting to a distressed, dilutive financing; (2) the softness in the used-car market that defendants had characterized as “isolated to the quarter” and “transitory” had in fact recurred and was materially depressing Hertz’s net depreciation per unit (“DPU”) and Adjusted Corporate EBITDA; (3) as a result of the foregoing, Hertz was likely to undertake a dilutive, distressed capital raise that would materially harm existing shareholders; and (4) as a result of the foregoing, defendants’ positive statements about Hertz’s business, operations, and liquidity position were materially false and misleading and lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Hertz class action, go to https://rosenlegal.com/cases/hertz-global-holdings-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain 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 upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827 [email protected]
www.rosenlegal.com
HTZ Shareholder Alert: Investors With Losses May Seek to Lead the Class Action in Hertz Global Holdings Securities Lawsuit - Contact Levi & KorsinskyPR Newswire
NEW YORK, Sept. 16, 2026
HTZ investors allegedly lost more than 40% after Hertz executives certified liquidity and disclosure controls shortly before a dilutive financing. This release focuses on the Section 20(a) control person allegations against the Company's CEO and CFO.
, /PRNewswire/ -- Levi & Korsinsky, LLP alerts investors in Hertz Global Holdings, Inc. (NASDAQ: HTZ) that a class action has been filed on behalf of shareholders who purchased securities between May 7, 2026 and June 23, 2026. Check if you can recover your investment losses. You may also contact Joseph E. Levi, Esq. at [email protected] or (212) 363-7500.
HTZ shares declined more than 40% to close at $3.00 on June 24, 2026, after closing over $5 the day before. The lead plaintiff deadline is September 22, 2026.
Executive Control Allegations Under Section 20(a)
The complaint names Wayne Gilbert West, Hertz's Chief Executive Officer and director, and Scott M. Haralson, Hertz's Executive Vice President and Chief Financial Officer, as individual defendants. The pleading asserts that, because of their senior positions, they had power over Hertz's public statements, SEC filings, press releases, and investor communications during the Class Period.
The action alleges that investors overpaid for HTZ shares while Hertz represented that its liquidity was sufficient and that its fleet-management strategy was progressing toward stated targets.
Alleged Control Person Liability
West allegedly served as CEO and board member while Hertz issued statements about liquidity, fleet discipline, and used-car market conditions.Haralson allegedly served as CFO while Hertz reported liquidity figures and certified quarterly disclosures.The complaint claims both executives had access to material nonpublic information concerning liquidity pressure and vehicle residual-value weakness.The May 8, 2026 Form 10-Q was allegedly signed or certified by senior executives shortly before the disputed financing announcement.The Section 20(a) claim seeks to hold the individual defendants responsible as alleged controlling persons of Hertz.SOX Certifications and Alleged Liquidity Oversight
As set forth in the complaint, Hertz's Form 10-Q stated that the Company's cash, liquidity facilities, and refinancing options would be sufficient for operating activities and obligations for at least the next twelve months. The action contends that these representations were materially misleading because Hertz later announced exchangeable notes, a share-lending transaction involving more than 37 million shares, and second-quarter Adjusted Corporate EBITDA guidance of only $50 million to $80 million.
"Corporate officers have a duty to ensure their companies' public statements are accurate and complete, especially when those statements concern liquidity, financing capacity, and certified SEC disclosures. The allegations here focus on whether senior executives had the ability and obligation to correct statements before investors suffered a sharp decline." -- Joseph E. Levi, Esq.
Speak with an attorney about recovering damages or call (212) 363-7500.
Levi & Korsinsky, LLP | Top 50 Securities Firm | (212) 363-7500 | www.zlk.com | Attorney Advertising. Prior results do not guarantee similar outcomes.
Frequently Asked Questions About the HTZ Lawsuit
Q: When did Hertz Global Holdings allegedly mislead investors? A: The Class Period runs from May 7, 2026 to June 23, 2026. The complaint alleges that Hertz made materially false or misleading statements during that period concerning liquidity, used-car market softness, fleet depreciation, and the Company's ability to fund its obligations.
Q: What court was the HTZ class action filed in? A: The case was filed in the United States District Court for the Middle District of Florida, Ft. Myers Division, and asserts claims under the federal securities laws.
Q: Who are the defendants named in the HTZ lawsuit? A: The complaint names Hertz Global Holdings, Inc. and individual defendants Wayne Gilbert West, Chief Executive Officer and director, and Scott M. Haralson, Executive Vice President and Chief Financial Officer.
Q: What specific misstatements does the HTZ lawsuit allege? A: The complaint alleges that Hertz made materially false or misleading statements about its liquidity position, used-car market stability, Net Depreciation per Unit, and the effectiveness of its fleet-management strategy.
Q: What is a lead plaintiff and why does it matter? A: A lead plaintiff is the investor appointed by the court to represent the interests of the proposed class. Lead plaintiffs typically have significant documented losses and provide oversight of the litigation on behalf of other investors.
Q: What records should HTZ investors preserve? A: Investors should preserve brokerage statements or trade confirmations showing purchase dates, share quantities, prices paid, and any sale dates and sale prices for HTZ securities.
Q: What if I already sold my HTZ shares, can I still recover losses? A: Yes. Eligibility is generally based on when shares were purchased and whether losses were suffered, not on whether the investor still holds the shares.
Q: Do I need to go to court or give testimony? A: Most absent class members do not appear in court or provide testimony. If there is a settlement or recovery, eligible investors generally submit a claim form to seek their share.
Q: What does it cost me to participate? A: Securities class actions are typically handled on a contingency basis. Attorneys' fees and expenses, if any, are subject to court approval.
CONTACT:\
Levi & Korsinsky, LLP\
Joseph E. Levi, Esq.\
Ed Korsinsky, Esq.\
33 Whitehall Street, 27th Floor\
New York, NY 10004\
[email protected]\
Tel: (212) 363-7500\
Fax: (212) 363-7171
Attorney Advertising. Prior results do not guarantee similar outcomes.
View original content to download multimedia:https://www.prnewswire.com/news-releases/htz-shareholder-alert-investors-with-losses-may-seek-to-lead-the-class-action-in-hertz-global-holdings-securities-lawsuit---contact-levi--korsinsky-302880231.html
New York, New York--(Newsfile Corp. - September 16, 2026) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Hertz Global Holdings, Inc. ("Hertz" or the "Company") (NASDAQ: HTZ) on behalf of investors that purchased or otherwise acquired Hertz common stock between May 7, 2026 and June 23, 2026 (the "Class Period").
CLICK HERE TO JOIN THE CASE
If you are an investor in Hertz and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (646) 315-9003.
DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than September 22, 2026 to serve as a lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.
According to the complaint, on June 24, 2026, before the market opened, and just weeks after assuring investors that the Company's liquidity would be "sufficient to fund our operating activities and obligations for the next twelve months and for the foreseeable future thereafter" and projected year-end liquidity "north of $1.5 billion," Hertz announced a massive dilutive capital raise. Further, the complaint alleges that on this news, the price of Hertz's common stock declined more than 40% to close at $3.00 per share on June 24, 2026.
WHY CONTACT KAPLAN FOX?
Kaplan Fox & Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.
Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America—the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act—$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors, and a $475 million settlement in In re Merrill Lynch.
For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.
If you have any questions about this Notice, your rights, or your interests, please contact:
Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.
HTZ investors allegedly lost more than 40% after Hertz executives certified liquidity and disclosure controls shortly before a dilutive financing. This release focuses on the Section 20(a) control person allegations against the Company's CEO and CFO.
, /PRNewswire/ -- Levi & Korsinsky, LLP alerts investors in Hertz Global Holdings, Inc. (NASDAQ: HTZ) that a class action has been filed on behalf of shareholders who purchased securities between May 7, 2026 and June 23, 2026. Check if you can recover your investment losses. You may also contact Joseph E. Levi, Esq. at [email protected] or (212) 363-7500.
HTZ shares declined more than 40% to close at $3.00 on June 24, 2026, after closing over $5 the day before. The lead plaintiff deadline is September 22, 2026.
Executive Control Allegations Under Section 20(a)
The complaint names Wayne Gilbert West, Hertz's Chief Executive Officer and director, and Scott M. Haralson, Hertz's Executive Vice President and Chief Financial Officer, as individual defendants. The pleading asserts that, because of their senior positions, they had power over Hertz's public statements, SEC filings, press releases, and investor communications during the Class Period.
The action alleges that investors overpaid for HTZ shares while Hertz represented that its liquidity was sufficient and that its fleet-management strategy was progressing toward stated targets.
Alleged Control Person Liability
West allegedly served as CEO and board member while Hertz issued statements about liquidity, fleet discipline, and used-car market conditions. Haralson allegedly served as CFO while Hertz reported liquidity figures and certified quarterly disclosures. The complaint claims both executives had access to material nonpublic information concerning liquidity pressure and vehicle residual-value weakness. The May 8, 2026 Form 10-Q was allegedly signed or certified by senior executives shortly before the disputed financing announcement. The Section 20(a) claim seeks to hold the individual defendants responsible as alleged controlling persons of Hertz. SOX Certifications and Alleged Liquidity Oversight
As set forth in the complaint, Hertz's Form 10-Q stated that the Company's cash, liquidity facilities, and refinancing options would be sufficient for operating activities and obligations for at least the next twelve months. The action contends that these representations were materially misleading because Hertz later announced exchangeable notes, a share-lending transaction involving more than 37 million shares, and second-quarter Adjusted Corporate EBITDA guidance of only $50 million to $80 million.
"Corporate officers have a duty to ensure their companies' public statements are accurate and complete, especially when those statements concern liquidity, financing capacity, and certified SEC disclosures. The allegations here focus on whether senior executives had the ability and obligation to correct statements before investors suffered a sharp decline." -- Joseph E. Levi, Esq.
Speak with an attorney about recovering damages or call (212) 363-7500.
Levi & Korsinsky, LLP | Top 50 Securities Firm | (212) 363-7500 | www.zlk.com | Attorney Advertising. Prior results do not guarantee similar outcomes.
Frequently Asked Questions About the HTZ Lawsuit
Q: When did Hertz Global Holdings allegedly mislead investors? A: The Class Period runs from May 7, 2026 to June 23, 2026. The complaint alleges that Hertz made materially false or misleading statements during that period concerning liquidity, used-car market softness, fleet depreciation, and the Company's ability to fund its obligations.
Q: What court was the HTZ class action filed in? A: The case was filed in the United States District Court for the Middle District of Florida, Ft. Myers Division, and asserts claims under the federal securities laws.
Q: Who are the defendants named in the HTZ lawsuit? A: The complaint names Hertz Global Holdings, Inc. and individual defendants Wayne Gilbert West, Chief Executive Officer and director, and Scott M. Haralson, Executive Vice President and Chief Financial Officer.
Q: What specific misstatements does the HTZ lawsuit allege? A: The complaint alleges that Hertz made materially false or misleading statements about its liquidity position, used-car market stability, Net Depreciation per Unit, and the effectiveness of its fleet-management strategy.
Q: What is a lead plaintiff and why does it matter? A: A lead plaintiff is the investor appointed by the court to represent the interests of the proposed class. Lead plaintiffs typically have significant documented losses and provide oversight of the litigation on behalf of other investors.
Q: What records should HTZ investors preserve? A: Investors should preserve brokerage statements or trade confirmations showing purchase dates, share quantities, prices paid, and any sale dates and sale prices for HTZ securities.
Q: What if I already sold my HTZ shares, can I still recover losses? A: Yes. Eligibility is generally based on when shares were purchased and whether losses were suffered, not on whether the investor still holds the shares.
Q: Do I need to go to court or give testimony? A: Most absent class members do not appear in court or provide testimony. If there is a settlement or recovery, eligible investors generally submit a claim form to seek their share.
Q: What does it cost me to participate? A: Securities class actions are typically handled on a contingency basis. Attorneys' fees and expenses, if any, are subject to court approval.
CONTACT:\
Levi & Korsinsky, LLP\
Joseph E. Levi, Esq.\
Ed Korsinsky, Esq.\
33 Whitehall Street, 27th Floor\
New York, NY 10004\
[email protected]\
Tel: (212) 363-7500\
Fax: (212) 363-7171
Attorney Advertising. Prior results do not guarantee similar outcomes.
NEW YORK, Sept. 16, 2026 (GLOBE NEWSWIRE) -- September 16, 2026 – Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Hertz Global Holdings, Inc. (“Hertz” or the “Company”) (NASDAQ: HTZ) on behalf of investors that purchased or otherwise acquired Hertz common stock between May 7, 2026 and June 23, 2026 (the “Class Period”).
CLICK HERE TO JOIN THE CASE
If you are an investor in Hertz and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (646) 315-9003.
DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than September 22, 2026 to serve as a lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.
According to the complaint, on June 24, 2026, before the market opened, and just weeks after assuring investors that the Company’s liquidity would be “sufficient to fund our operating activities and obligations for the next twelve months and for the foreseeable future thereafter” and projected year-end liquidity “north of $1.5 billion,” Hertz announced a massive dilutive capital raise. Further, the complaint alleges that on this news, the price of Hertz’s common stock declined more than 40% to close at $3.00 per share on June 24, 2026.
WHY CONTACT KAPLAN FOX?
Kaplan Fox & Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.
Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America—the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act—$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors, and a $475 million settlement in In re Merrill Lynch.
For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.
If you have any questions about this Notice, your rights, or your interests, please contact:
CONTACT:
Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(646) 315-9003 [email protected]
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1501
Oakland, California 94612
(415) 772-4704 [email protected]
Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.
SAN DIEGO, Sept. 15, 2026 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a securities class action has been filed on behalf of all persons who purchased or otherwise acquired Hertz Global Holdings, Inc. (NASDAQ: HTZ) common stock between February 28, 2024 and February 25, 2026, inclusive (the "Class Period").
Investors who suffered significant losses during the Class Period may be eligible to participate in the lawsuit and should be aware of the upcoming September 22, 2026 deadline to seek appointment as lead plaintiff.
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What is the Hertz Class Action About?
The complaint alleges that Hertz made materially false or misleading statements regarding its business, operations, and financial condition during the Class Period.
Specifically, the lawsuit alleges that defendants failed to disclose that:
Hertz’s liquidity was deteriorating far more rapidly than represented, and the Company’s available liquidity was not sufficient to fund its operations and obligations for the next twelve months without resorting to a distressed, dilutive financing;the softness in the used-car market that defendants had characterized as “isolated to the quarter” and “transitory” had in fact recurred and was materially depressing the Company’s net depreciation per unit (“DPU”) and Adjusted Corporate EBITDA;because of the foregoing, the Company was likely to undertake a dilutive, distressed capital raise that would materially harm existing shareholders; andtherefore, defendants’ positive statements about the Company’s business, operations, and liquidity position were materially false and misleading and lacked a reasonable basis at all relevant times. Why Did Hertz's Stock Drop?
On June 24, 2026, before the market opened, and just weeks after assuring investors that the Company’s liquidity would be “sufficient to fund our operating activities and obligations for the next twelve months and for the foreseeable future thereafter” and projected year-end liquidity “north of $1.5 billion,” Hertz announced a massive dilutive capital raise.
Through its wholly-owned indirect subsidiary, Hertz intended to offer $300 million of Exchangeable Senior First-Lien Secured PIK Notes due 2030, together with a concurrent share-lending offering of more than 37 million shares of common stock from which the Company would receive no proceeds. Hertz further disclosed that “unexpected softness in the used car market” had caused losses on the sale of vehicles in May 2026 and would drive second-quarter Adjusted Corporate EBITDA down to a range of just $50 million to $80 million.
On this news, the price of Hertz’s common stock declined more than 40% to close at $3.00 per share on June 24, 2026.
The very next day, the offering priced on still more dilutive terms, upsized to $350 million (up to $400 million) at a 6.75% coupon with an exchange price of approximately $3.58 per share, and with the borrowed common stock sold to the public at just $2.70 per share.
Who May Be Eligible to Participate in the HTZ Class Action?
The lawsuit seeks to represent investors who purchased or otherwise acquired Hertz common stock from February 28, 2024 and February 25, 2026. Investors who suffered losses during that period may have legal rights under the federal securities laws.
What Is a Lead Plaintiff?
The lead plaintiff is a court-appointed investor who represents the interests of all class members throughout the litigation. Serving as lead plaintiff is not required to share in any potential recovery. Investors who do not seek appointment may remain absent class members if the case proceeds and later resolves successfully.
The deadline to seek appointment as lead plaintiff is September 22, 2026.
Does it Cost Anything to Participate?
No. Robbins LLP represents investors on a contingency fee basis.
Contact Robbins LLP
Investors seeking additional information about the Hertz Global Holdings, Inc. securities class action may contact Robbins LLP by submitting an inquiry, emailing attorney Aaron Dumas, Jr., or calling (800) 350-6003.
About Robbins LLP
Robbins LLP is a shareholder rights law firm focused on representing investors in securities fraud and shareholder litigation. The firm has helped recover more than $1 billion for investors, obtained significant corporate governance reforms, and has represented shareholders in cases involving alleged violations of the federal securities laws.
"Companies have an obligation to provide investors with complete and accurate information so that markets can function fairly and efficiently," said Brian J. Robbins, Founding Partner of Robbins LLP.
To be notified if a class action against Hertz Global Holdings, Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today.
Attorney Advertising. Past results do not guarantee a similar outcome.
NEW YORK, Sept. 15, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Hertz Global Holdings, Inc. (“Hertz” or the “Company”) (NASDAQ: HTZ). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
The class action concerns whether Hertz and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
You have until September 22, 2026, to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquired Hertz securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com.
[Click here for information about joining the class action]
On June 24, 2026, before the market opened, and just weeks after assuring investors that the Company’s liquidity would be “sufficient to fund our operating activities and obligations for the next twelve months and for the foreseeable future thereafter” and projected year-end liquidity “north of $1.5 billion,” Hertz announced a massive dilutive capital raise. Through its wholly owned indirect subsidiary, Hertz intended to offer $300 million of Exchangeable Senior First-Lien Secured PIK Notes due 2030, together with a concurrent share-lending offering of more than 37 million shares of common stock from which the Company would receive no proceeds, and simultaneously disclosed that “unexpected softness in the used car market” had caused losses on the sale of vehicles in May 2026 and would drive second-quarter Adjusted Corporate EBITDA down to a range of just $50 million to $80 million.
On this news, Hertz’s stock price fell $2.06 per share, or 40.71%, to close at $3.00 per share on June 24, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
New York, New York--(Newsfile Corp. - September 15, 2026) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Hertz Global Holdings, Inc. ("Hertz" or the "Company") (NASDAQ: HTZ) on behalf of investors that purchased or otherwise acquired Hertz common stock between May 7, 2026 and June 23, 2026 (the "Class Period").
CLICK HERE TO JOIN THE CASE
If you are an investor in Hertz and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (646) 315-9003.
DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than September 22, 2026 to serve as a lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.
According to the complaint, on June 24, 2026, before the market opened, and just weeks after assuring investors that the Company's liquidity would be "sufficient to fund our operating activities and obligations for the next twelve months and for the foreseeable future thereafter" and projected year-end liquidity "north of $1.5 billion," Hertz announced a massive dilutive capital raise. Further, the complaint alleges that on this news, the price of Hertz's common stock declined more than 40% to close at $3.00 per share on June 24, 2026.
WHY CONTACT KAPLAN FOX?
Kaplan Fox & Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.
Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America—the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act—$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors, and a $475 million settlement in In re Merrill Lynch.
For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.
If you have any questions about this Notice, your rights, or your interests, please contact:
Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.
LOS ANGELES, Sept. 15, 2026 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Hertz Global Holdings, Inc., (“Hertz” or the "Company") (NASDAQ: HTZ) investors of a class action on behalf of investors that bought securities between February 19, 2025 and May 12, 2026, inclusive (the “Class Period”). Hertz investors have until September 22, 2026 to file a lead plaintiff motion.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: [email protected], to discuss their legal rights, or join the case via https://portnoylaw.com/hertz-global-holdings-inc. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
The Hertz class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Hertz’s liquidity was deteriorating far more rapidly than represented, and Hertz’ available liquidity was not sufficient to fund its operations and obligations for the next twelve months without resorting to a distressed, dilutive financing; (ii) the softness in the used-car market that defendants had characterized as “isolated to the quarter” and “transitory” had in fact recurred and was materially depressing Hertz’ net depreciation per unit and Adjusted Corporate EBITDA; and (iii) as a result of the foregoing, Hertz was likely to undertake a dilutive, distressed capital raise that would materially harm existing shareholders.
On June 24, 2026, before the market opened, and just weeks after allegedly assuring investors that Hertz’ liquidity would be “sufficient to fund our operating activities and obligations for the next twelve months and for the foreseeable future thereafter” and projected year-end liquidity “north of $1.5 billion,” the complaint alleges that Hertz announced a massive dilutive capital raise. According to the Hertz class action lawsuit, Hertz intended to offer $300 million of Exchangeable Senior First-Lien Secured PIK Notes due 2030 through its wholly-owned indirect subsidiary, together with a concurrent share-lending offering of more than 37 million shares of common stock from which Hertz would receive no proceeds, and simultaneously disclosed that “unexpected softness in the used car market” had caused losses on the sale of vehicles in May 2026 and would drive second-quarter Adjusted Corporate EBITDA down to a range of just $50 million to $80 million. On this news, the price of Hertz stock declined more than 40%, according to the complaint.
The Hertz class action lawsuit further alleges that on June 25, 2026, the aforementioned offering priced on still more dilutive terms, upsized to $350 million (up to $400 million) at a 6.75% coupon with an exchange price of approximately $3.58 per share, and with the borrowed common stock sold to the public at just $2.70 per share.
The Portnoy Law Firm represents investors in pursuing claims caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA, NY and TX Bar [email protected]
310-692-8883
www.portnoylaw.com
NEW YORK, Sept. 15, 2026 (GLOBE NEWSWIRE) -- SueWallSt notifies institutional investors in Hertz Global Holdings, Inc. (NASDAQ: HTZ) that a securities class action has been filed on behalf of shareholders who purchased HTZ securities between May 7, 2026 and June 23, 2026. Request an institutional investor loss assessment. You may also contact Joseph E. Levi, Esq. at [email protected] or (888) SueWallSt.
HTZ fell from $5.06 on June 23, 2026 to close at $3.00 on June 24, 2026, after Hertz announced a $300 million Exchangeable Senior First-Lien Secured PIK Notes offering, a concurrent share-lending offering of more than 37 million shares, and second-quarter Adjusted Corporate EBITDA guidance of only $50 million to $80 million. Those wishing to serve as lead plaintiff must act by September 22, 2026.
For pension funds, Taft-Hartley plans, endowments, foundations, and asset managers, the Hertz action may require a portfolio-level review of trading records, loss exposure, and fiduciary oversight options. The complaint contends that investors were allegedly exposed to losses after Hertz represented that liquidity resources would be sufficient for the next twelve months and for the foreseeable future thereafter.
Portfolio Exposure and Fiduciary Assessment Points
Institutional holders may wish to evaluate:
Purchases of HTZ common stock between May 7, 2026 and June 23, 2026;Whether shares were held through the June 24, 2026 disclosure and stock-price decline;Whether investment committee records reflect reliance on Hertz's liquidity and fleet-discipline messaging;Whether serving as lead plaintiff would provide meaningful oversight of litigation strategy. Fiduciary Lens on the Hertz Allegations
The lawsuit alleges that Hertz's public statements about liquidity, used-car market conditions, and fleet depreciation controls lacked a reasonable basis when made. For institutional investors, the practical question is whether the alleged disclosure failures caused recoverable losses within managed portfolios.
"Institutional investors play a critical role in securities class actions, particularly where alleged misstatements affect portfolio holdings across pension, retirement, and advisory accounts. Here, the alleged shift from liquidity assurances to a dilutive financing warrants careful review by fiduciaries with HTZ exposure." -- Joseph E. Levi, Esq.
Contact us to learn more about institutional recovery options | [email protected] | (888) SueWallSt
WHY SUEWALLST: SueWallSt is powered by Levi & Korsinsky LLP. Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
Frequently Asked Questions About the HTZ Lawsuit
Q: What is the HTZ class action lawsuit about? A: A securities class action has been filed against Hertz Global Holdings, Inc. (NASDAQ: HTZ) alleging materially false and misleading statements between May 7, 2026 and June 23, 2026. Shares fell more than 40% after the Company disclosed unexpected softness in the used-car market, a dilutive financing, and reduced second-quarter Adjusted Corporate EBITDA guidance. Investors who purchased shares during the Class Period and suffered losses may be eligible to seek compensation.
Q: Who may be eligible in the HTZ investor lawsuit? A: Investors who purchased HTZ stock or securities between May 7, 2026 and June 23, 2026 and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses, not on whether the investor still holds the shares.
Q: What court was the HTZ class action filed in? A: The case was filed in the United States District Court for the Middle District of Florida, Ft. Myers Division, and asserts claims under the federal securities laws.
Q: What is a lead plaintiff and why does it matter? A: A lead plaintiff is the investor appointed by the court to represent the entire class. Lead plaintiffs are typically investors with the largest documented losses. Being appointed does not increase individual recovery but gives direct oversight of how the case is run.
Q: What documents should HTZ investors keep? A: Investors should preserve brokerage statements or trade confirmations showing purchase dates, share quantities, prices paid, and any subsequent sale dates and prices.
Q: What if I already sold my HTZ shares, can I still recover losses? A: Yes. Eligibility is based on when shares were purchased, not whether they are still held. Investors who bought during the Class Period and sold at a loss may still be eligible to participate.
Q: What if my HTZ losses are small, is it still worth reviewing my options? A: Yes. There is no minimum loss amount required to participate as a class member.
Q: What does it cost me to participate? A: There is no upfront cost to submit your information and review whether you may be eligible to recover. Should you choose to participate in the securities class action, they are generally handled on a contingency basis, with any attorneys' fees and expenses subject to court approval.
New York, New York--(Newsfile Corp. - September 14, 2026) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Hertz Global Holdings, Inc. ("Hertz" or the "Company") (NASDAQ: HTZ) on behalf of investors that purchased or otherwise acquired Hertz common stock between May 7, 2026 and June 23, 2026 (the "Class Period").
CLICK HERE TO JOIN THE CASE
If you are an investor in Hertz and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (646) 315-9003.
DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than September 22, 2026 to serve as a lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.
According to the complaint, on June 24, 2026, before the market opened, and just weeks after assuring investors that the Company's liquidity would be "sufficient to fund our operating activities and obligations for the next twelve months and for the foreseeable future thereafter" and projected year-end liquidity "north of $1.5 billion," Hertz announced a massive dilutive capital raise. Further, the complaint alleges that on this news, the price of Hertz's common stock declined more than 40% to close at $3.00 per share on June 24, 2026.
WHY CONTACT KAPLAN FOX?
Kaplan Fox & Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.
Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America—the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act—$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors, and a $475 million settlement in In re Merrill Lynch.
For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.
If you have any questions about this Notice, your rights, or your interests, please contact:
Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.
LOS ANGELES, Sept. 14, 2026 (GLOBE NEWSWIRE) -- Schall, Brown & Schwartz LLP, a national shareholder rights litigation firm, announces that it has filed a federal securities class action on behalf of purchasers of Hertz Global Holdings, Inc. (NASDAQ: HTZ) common stock between May 7, 2026 and June 23, 2026, inclusive (the “Class Period”). Hertz investors have until September 22, 2026 to seek appointment as lead plaintiff of the purported class in the Hertz class action lawsuit. The complaint in Cameron Schweitzer v. Hertz Global Holdings, Inc. et al., No. 2:26-cv-02242 (M.D. Fla.) charges Hertz and certain of Hertz’s top executive officers with violations of the Securities Exchange Act of 1934.
If you purchased Hertz Global Holdings, Inc. securities you may be entitled to compensation without payment of any out-of-pocket fees or costs. Shareholders who purchased shares of HTZ during the Class Period are encouraged to contact SBS to find out if they are eligible to recover their losses or move the court to serve as lead plaintiff of the purported class and lead this lawsuit. Appointment as lead plaintiff is not required to partake in any recovery. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
CLASS PERIOD: May 7, 2026 to June 23, 2026
DEADLINE: September 22, 2026
If you are a shareholder who suffered a loss, click here to participate.
Details of the Case: Hertz is one of the largest vehicle rental companies in the world, renting cars and light trucks under the Hertz, Dollar, Thrifty, and Firefly brands at more than 11,000 locations in roughly 160 countries. The economics of the business turn on the fleet: Hertz buys hundreds of thousands of vehicles, finances most of them through asset-backed securitizations, and depends on reselling them into the used-car market at prices that hold up. Residual values and depreciation per unit are therefore central to whether the Company is profitable. After emerging from bankruptcy in 2021 and taking large write-downs on an ill-timed bet on electric vehicles, management launched a “Back-to-Basics” turnaround built around fleet discipline and cost control.
The Class Period begins on May 7, 2026, when Hertz announced its first quarter 2026 results, touting its “Strongest Revenue Growth in Three Years,” a 13% year-over-year improvement in Net Depreciation per Unit per Month to $312, and approximately $837 million of liquidity supplemented by roughly $200 million from an April financing. On that day’s earnings call, Hertz’s Chief Financial Officer told investors that the Company expected to end the second quarter with just under $1 billion of liquidity and to end the year “north of $1.5 billion.” The following day, Hertz filed its Form 10-Q, which stated that the Company’s cash, liquidity facilities, and refinancing options would be sufficient to fund its operating activities and obligations for the next twelve months and for the foreseeable future thereafter.
According to the complaint, those statements were materially false and misleading because: (i) Hertz’s liquidity was deteriorating far more rapidly than represented, and the Company’s available liquidity was not sufficient to fund its operations and obligations for the next twelve months without resorting to a distressed, dilutive financing; (ii) the softness in the used-car market that defendants had characterized as isolated to the quarter and transitory had in fact recurred and was materially depressing the Company’s net depreciation per unit and Adjusted Corporate EBITDA; and (iii) as a result, Hertz was likely to undertake a dilutive, distressed capital raise that would materially harm existing shareholders.
On June 24, 2026, before the market opened — just weeks after assuring investors that its liquidity would carry the Company for at least twelve months — Hertz announced that a wholly owned indirect subsidiary intended to offer $300 million of Exchangeable Senior First-Lien Secured PIK Notes due 2030, together with a concurrent share-lending offering of more than 37 million shares of common stock from which the Company would receive no proceeds. Hertz simultaneously disclosed that “unexpected softness in the used car market” had caused losses on the sale of vehicles in May 2026 and would drive second quarter Adjusted Corporate EBITDA down to a range of just $50 million to $80 million. On this news, the price of Hertz common stock declined more than 40%, closing at $3.00 per share on June 24, 2026. The next day, the offering priced on still more dilutive terms — upsized to $350 million (up to $400 million) at a 6.75% coupon, with an exchange price of approximately $3.58 per share, and with the borrowed common stock sold to the public at just $2.70 per share.
We encourage investors to contact Brian Schall, David Schwartz, and Adam Rosen of Schall, Brown & Schwartz LLP 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
Join the case to recover your losses
Why SBS: Schall, Brown & Schwartz LLP represents investors around the world, specializing in securities class action lawsuits and shareholder rights litigation. SBS brings together the extensive experience and diverse skillsets of founding partners Brian Schall, Andrew Brown, and David Schwartz. SBS attorneys are responsible for recovering over a billion dollars for violations of securities laws and corporate misfeasance.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
Schall, Brown & Schwartz LLP
Brian Schall, Esq.,
David Schwartz, Esq.,
Adam Rosen, Esq.
www.schallfirm.com
Office: 310-301-3335 [email protected]
NEW YORK, Sept. 14, 2026 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Hertz Global Holdings, Inc. (NASDAQ: HTZ) that a class action lawsuit has been filed on behalf of shareholders who purchased securities between May 7, 2026 and June 23, 2026. Find out if you could qualify to recover your losses. Questions may be directed to Joseph E. Levi, Esq. at [email protected] or (212) 363-7500.
HTZ shares declined more than 40% to close at $3.00 on June 24, 2026. Applications to serve as lead plaintiff must be filed by September 22, 2026.
The Alleged Liquidity and Used-Car Market Securities Fraud
According to the lawsuit, Hertz assured investors that its liquidity position remained sufficient while characterizing the used-car market softness affecting its fleet economics as limited and manageable. The complaint alleges those statements lacked a reasonable basis because liquidity was deteriorating more rapidly than represented and used-car market weakness was allegedly recurring in a way that pressured vehicle residual values.
The action also focuses on Hertz’s “Back-to-Basics” strategy, which emphasized disciplined fleet rotation, a “Buy Right, Hold Right, Sell Right” framework, and progress toward Net Depreciation per Unit targets. The lawsuit contends that those representations allegedly failed to disclose the risk that Hertz would need distressed, dilutive financing only weeks later.
How Liquidity Assurances Allegedly Affected HTZ Investors
On June 24, 2026, Hertz announced $300 million of Exchangeable Senior First-Lien Secured PIK Notes due 2030, a concurrent share-lending offering of more than 37 million shares, “unexpected softness in the used car market,” and second-quarter Adjusted Corporate EBITDA guidance of only $50 million to $80 million. The next day, the financing was priced on allegedly more dilutive terms, upsized to $350 million with the possibility of up to $400 million.
Key Liquidity Allegations for Shareholders
Hertz reported approximately $837 million of liquidity at the end of the first quarter and additional April financing of approximately $200 million.Management projected year-end liquidity “north of $1.5 billion,” which the complaint alleges overstated Hertz’s financial flexibility.The Company stated its cash, liquidity facilities, and refinancing options would be sufficient for the next twelve months and foreseeable future thereafter.The lawsuit alleges used-car market softness was not merely transitory or isolated, but materially affected DPU and Adjusted Corporate EBITDA.The June 2026 capital raise allegedly harmed existing shareholders through dilution and repriced HTZ shares sharply lower. “This case presents important questions about liquidity disclosure obligations in the vehicle rental sector, where fleet values and financing access can directly affect shareholders. As alleged, Hertz’s assurances about year-end liquidity and used-car market stability were followed within weeks by a dilutive financing and a sharp decline in HTZ shares.” -- Joseph E. Levi, Esq.
Submit your information here or contact Joseph E. Levi, Esq. at [email protected] or (212) 363-7500.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
Frequently Asked Questions About the HTZ Lawsuit
Q: What is the HTZ class action lawsuit about? A: A securities class action has been filed against Hertz Global Holdings, Inc. (NASDAQ: HTZ) alleging materially false and misleading statements between May 7, 2026 and June 23, 2026. Shares fell more than 40% after the Company disclosed a dilutive financing, unexpected used-car market softness, and second-quarter Adjusted Corporate EBITDA guidance of $50 million to $80 million.
Q: Who is eligible to join the HTZ investor lawsuit? A: Investors who purchased HTZ stock or securities between May 7, 2026 and June 23, 2026 and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses, not on whether you still hold the shares.
Q: What specific misstatements does the HTZ lawsuit allege? A: The complaint alleges Hertz made materially false or misleading statements regarding liquidity, used-car market softness, fleet depreciation, DPU progress, and the Company’s ability to fund operations and obligations. When Hertz disclosed the financing and revised guidance, the stock price declined sharply.
Q: When did Hertz Global Holdings, Inc. allegedly mislead investors? A: The Class Period runs from May 7, 2026 to June 23, 2026. The complaint alleges that corrective disclosures on June 24, 2026 revealed information that caused a significant stock decline.
Q: What is a lead plaintiff and why does it matter? A: A lead plaintiff is the investor appointed by the court to represent the entire class. Lead plaintiffs are typically investors with the largest documented losses. Being appointed does not increase individual recovery but gives direct oversight of how the case is run.
Q: What if I already sold my HTZ shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought during the Class Period and sold at a loss may still be eligible to participate.
Q: What does it cost me to participate? A: There is no upfront cost for an evaluation. Securities class actions are generally handled on a pure contingency basis, with any attorneys’ fees and expenses subject to court approval.
Q: Do I need to go to court or give testimony? A: No. The overwhelming majority of class members never appear in court or give depositions. If there is a settlement or recovery, eligible class members generally submit a claim form to seek their portion.
NEW YORK, Sept. 14, 2026 (GLOBE NEWSWIRE) -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against Hertz Global Holdings, Inc. (NASDAQ: HTZ) and certain of its officers.
This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Hertz securities between May 7, 2026 and June 23, 2026, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: bgandg.com/HTZ.
Hertz Case Details
The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and failed to disclose material adverse facts about the Company's business, operations, and financial condition. Specifically, the Complaint alleges that Defendants failed to disclose to investors:
(1) that Hertz's liquidity was deteriorating significantly faster than the Company had represented; (2) that the Company's available liquidity was insufficient to fund its operations and meet its obligations over the following twelve months without pursuing a distressed and dilutive financing transaction; (3) that weakness in the used-car market, which Defendants characterized as temporary and limited to a single quarter, had in fact persisted and was materially reducing the Company's net depreciation per unit and Adjusted Corporate EBITDA; (4) that, as a result, Hertz was likely to undertake a dilutive capital raise under distressed conditions that would materially harm existing shareholders; and (5) that, as a result of the foregoing, Defendants' positive statements regarding Hertz's liquidity, financial condition, operating performance, and future outlook were materially false and misleading and/or lacked a reasonable basis. What's Next for Hertz Investors?
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm’s site: bgandg.com/HTZ. or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in Hertz you have until September 22, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.
No Cost to Hertz Investors
We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman, LLC for Hertz Securities Class Action?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com
"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.
Follow us for updates on LinkedIn, X, Facebook, or Instagram.
Contact Info
Peretz Bronstein, Esq. or Nathan Miller
Bronstein, Gewirtz & Grossman, LLC
917-590-0911 | [email protected]
Attorney advertising.
Prior results do not guarantee similar outcomes.
NEW YORK, Sept. 14, 2026 (GLOBE NEWSWIRE) -- Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Hertz Global Holdings, Inc. (“Hertz” or the “Company”) (NASDAQ: HTZ) on behalf of investors that purchased or otherwise acquired Hertz common stock between May 7, 2026 and June 23, 2026 (the “Class Period”).
CLICK HERE TO JOIN THE CASE
If you are an investor in Hertz and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (646) 315-9003.
DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than September 22, 2026 to serve as a lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.
According to the complaint, on June 24, 2026, before the market opened, and just weeks after assuring investors that the Company’s liquidity would be “sufficient to fund our operating activities and obligations for the next twelve months and for the foreseeable future thereafter” and projected year-end liquidity “north of $1.5 billion,” Hertz announced a massive dilutive capital raise. Further, the complaint alleges that on this news, the price of Hertz’s common stock declined more than 40% to close at $3.00 per share on June 24, 2026.
WHY CONTACT KAPLAN FOX?
Kaplan Fox & Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.
Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America—the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act—$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors, and a $475 million settlement in In re Merrill Lynch.
For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.
If you have any questions about this Notice, your rights, or your interests, please contact:
CONTACT:
Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(646) 315-9003 [email protected]
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1501
Oakland, California 94612
(415) 772-4704 [email protected]
Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Hertz Global Holdings, Inc. (NASDAQ: HTZ) between May 7, 2026 and June 23, 2026, inclusive (the “Class Period”), of the important September 22, 2026 lead plaintiff deadline.
SO WHAT: If you purchased Hertz common stock 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 NEXT: To join the Hertz class action, go to https://rosenlegal.com/cases/hertz-global-holdings-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 22, 2026. A lead plaintiff is a representative party acting 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, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as 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, throughout the Class Period, defendants made materially false and misleading statements and/or failed to disclose that: (1) Hertz’s liquidity was deteriorating far more rapidly than represented, and Hertz’s available liquidity was not sufficient to fund its operations and obligations for the next twelve months without resorting to a distressed, dilutive financing; (2) the softness in the used-car market that defendants had characterized as “isolated to the quarter” and “transitory” had in fact recurred and was materially depressing Hertz’s net depreciation per unit (“DPU”) and Adjusted Corporate EBITDA; (3) as a result of the foregoing, Hertz was likely to undertake a dilutive, distressed capital raise that would materially harm existing shareholders; and (4) as a result of the foregoing, defendants’ positive statements about Hertz’s business, operations, and liquidity position were materially false and misleading and lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Hertz class action, go to https://rosenlegal.com/cases/hertz-global-holdings-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain 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 upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827 [email protected]
www.rosenlegal.com
New York, New York--(Newsfile Corp. - September 11, 2026) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Hertz Global Holdings, Inc. ("Hertz" or the "Company") (NASDAQ: HTZ) on behalf of investors that purchased or otherwise acquired Hertz common stock between May 7, 2026 and June 23, 2026 (the "Class Period").
CLICK HERE TO JOIN THE CASE
If you are an investor in Hertz and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (646) 315-9003.
DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than September 22, 2026 to serve as a lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.
According to the complaint, on June 24, 2026, before the market opened, and just weeks after assuring investors that the Company's liquidity would be "sufficient to fund our operating activities and obligations for the next twelve months and for the foreseeable future thereafter" and projected year-end liquidity "north of $1.5 billion," Hertz announced a massive dilutive capital raise. Further, the complaint alleges that on this news, the price of Hertz's common stock declined more than 40% to close at $3.00 per share on June 24, 2026.
WHY CONTACT KAPLAN FOX?
Kaplan Fox & Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.
Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America—the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act—$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors, and a $475 million settlement in In re Merrill Lynch.
For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.
If you have any questions about this Notice, your rights, or your interests, please contact:
Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.
Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In Hertz (HTZ) To Contact Him Directly To Discuss Their Options
If you purchased or acquired Hertz common stock between May 7, 2026 and June 23, 2026 and would like to discuss your legal rights, contact Bragar Eagel & Squire partners Brandon Walker or Melissa Fortunato by email at [email protected] or by telephone at (212) 355-4648.
Click here to participate in the action.
NEW YORK, Sept. 10, 2026 (GLOBE NEWSWIRE) --
What’s Happening?
Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Hertz Global Holdings, Inc. (“Hertz” or the “Company”) (NASDAQ:HTZ) in the United States District Court for the Middle District of Florida on behalf of all persons and entities who purchased or otherwise acquired Hertz common stock between May 7, 2026 and June 23, 2026, both dates inclusive (the “Class Period”). Investors have until September 22, 2026 to apply to the Court to be appointed as lead plaintiff in the lawsuit. What are the Allegation Details?
The lawsuit alleges that Defendants made false and misleading statements and/or failed to disclose material adverse facts regarding Hertz’s business, operations, and financial condition, including allegations that: (a) Hertz’s liquidity was deteriorating far more rapidly than represented, and its available liquidity was not sufficient to fund its operations and obligations for the next twelve months without resorting to a distressed, dilutive financing; (b) the softness in the used-car market that Defendants had characterized as “isolated to the quarter” and “transitory” had in fact recurred and was materially depressing Hertz’s net depreciation per unit (“DPU”) and Adjusted Corporate EBITDA; and (c) as a result, Hertz was likely to undertake a dilutive, distressed capital raise that would materially harm existing shareholders. What are my Next Steps?
If you purchased or otherwise acquired Hertz shares and suffered a loss, are a long-term stockholder, have information, 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 Brandon Walker or Melissa Fortunato by email at [email protected], telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you. About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, South Carolina, and California. The firm represents individual and institutional investors in securities, derivative, and commercial litigation as well as individuals in consumer protection and data privacy litigation. The firm has a nationwide practice and routinely handles cases in both federal and state courts. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Follow us for updates on LinkedIn and Facebook, and keep up with other news by following Brandon Walker, Esq. on LinkedIn.
New York, New York--(Newsfile Corp. - September 10, 2026) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Hertz Global Holdings, Inc. ("Hertz" or the "Company") (NASDAQ: HTZ) on behalf of investors that purchased or otherwise acquired Hertz common stock between May 7, 2026 and June 23, 2026 (the "Class Period").
CLICK HERE TO JOIN THE CASE
If you are an investor in Hertz and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (646) 315-9003.
DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than September 22, 2026 to serve as a lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.
According to the complaint, on June 24, 2026, before the market opened, and just weeks after assuring investors that the Company's liquidity would be "sufficient to fund our operating activities and obligations for the next twelve months and for the foreseeable future thereafter" and projected year-end liquidity "north of $1.5 billion," Hertz announced a massive dilutive capital raise. Further, the complaint alleges that on this news, the price of Hertz's common stock declined more than 40% to close at $3.00 per share on June 24, 2026.
WHY CONTACT KAPLAN FOX?
Kaplan Fox & Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.
Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America—the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act—$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors, and a $475 million settlement in In re Merrill Lynch.
For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.
If you have any questions about this Notice, your rights, or your interests, please contact:
Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Hertz Global Holdings, Inc. of Class Action Lawsuit and Upcoming Deadlines - HTZ PR Newswire
NEW YORK, Sept. 10, 2026
, /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Hertz Global Holdings, Inc. ("Hertz" or the "Company") (NASDAQ: HTZ). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
The class action concerns whether Hertz and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
You have until September 22, 2026, to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquired Hertz securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com.
[Click here for information about joining the class action]
On June 24, 2026, before the market opened, and just weeks after assuring investors that the Company's liquidity would be "sufficient to fund our operating activities and obligations for the next twelve months and for the foreseeable future thereafter" and projected year-end liquidity "north of $1.5 billion," Hertz announced a massive dilutive capital raise. Through its wholly owned indirect subsidiary, Hertz intended to offer $300 million of Exchangeable Senior First-Lien Secured PIK Notes due 2030, together with a concurrent share-lending offering of more than 37 million shares of common stock from which the Company would receive no proceeds, and simultaneously disclosed that "unexpected softness in the used car market" had caused losses on the sale of vehicles in May 2026 and would drive second-quarter Adjusted Corporate EBITDA down to a range of just $50 million to $80 million.
On this news, Hertz's stock price fell $2.06 per share, or 40.71%, to close at $3.00 per share on June 24, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
View original content to download multimedia:https://www.prnewswire.com/news-releases/investor-alert-pomerantz-law-firm-reminds-investors-with-losses-on-their-investment-in-hertz-global-holdings-inc-of-class-action-lawsuit-and-upcoming-deadlines--htz-302875044.html
NEW YORK, Sept. 10, 2026 (GLOBE NEWSWIRE) -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against Hertz Global Holdings, Inc. (NASDAQ: HTZ) and certain of its officers.
This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Hertz securities between May 7, 2026 and June 23, 2026, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: bgandg.com/HTZ.
Hertz Case Details
The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and failed to disclose material adverse facts about the Company's business, operations, and financial condition. Specifically, the Complaint alleges that Defendants failed to disclose to investors:
(1) that Hertz's liquidity was deteriorating significantly faster than the Company had represented; (2) that the Company's available liquidity was insufficient to fund its operations and meet its obligations over the following twelve months without pursuing a distressed and dilutive financing transaction; (3) that weakness in the used-car market, which Defendants characterized as temporary and limited to a single quarter, had in fact persisted and was materially reducing the Company's net depreciation per unit and Adjusted Corporate EBITDA; (4) that, as a result, Hertz was likely to undertake a dilutive capital raise under distressed conditions that would materially harm existing shareholders; and (5) that, as a result of the foregoing, Defendants' positive statements regarding Hertz's liquidity, financial condition, operating performance, and future outlook were materially false and misleading and/or lacked a reasonable basis. What's Next for Hertz Investors?
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm’s site: bgandg.com/HTZ. or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in Hertz you have until September 22, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.
No Cost to Hertz Investors
We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman, LLC for Hertz Securities Class Action?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com
"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.
Follow us for updates on LinkedIn, X, Facebook, or Instagram.
Contact Info
Peretz Bronstein, Esq. or Nathan Miller
Bronstein, Gewirtz & Grossman, LLC
917-590-0911 | [email protected]
Attorney advertising.
Prior results do not guarantee similar outcomes.
NEW YORK, Sept. 10, 2026 (GLOBE NEWSWIRE) -- Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Hertz Global Holdings, Inc. (“Hertz” or the “Company”) (NASDAQ: HTZ) on behalf of investors that purchased or otherwise acquired Hertz common stock between May 7, 2026 and June 23, 2026 (the “Class Period”).
CLICK HERE TO JOIN THE CASE
If you are an investor in Hertz and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (646) 315-9003.
DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than September 22, 2026 to serve as a lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.
According to the complaint, on June 24, 2026, before the market opened, and just weeks after assuring investors that the Company’s liquidity would be “sufficient to fund our operating activities and obligations for the next twelve months and for the foreseeable future thereafter” and projected year-end liquidity “north of $1.5 billion,” Hertz announced a massive dilutive capital raise. Further, the complaint alleges that on this news, the price of Hertz’s common stock declined more than 40% to close at $3.00 per share on June 24, 2026.
WHY CONTACT KAPLAN FOX?
Kaplan Fox & Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.
Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America—the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act—$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors, and a $475 million settlement in In re Merrill Lynch.
For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.
If you have any questions about this Notice, your rights, or your interests, please contact:
CONTACT:
Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(646) 315-9003 [email protected]
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1501
Oakland, California 94612
(415) 772-4704 [email protected]
Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.
Market sentiment allegedly shifted sharply after Hertz moved from liquidity assurances and "Back-to-Basics" fleet confidence to a dilutive financing, reduced EBITDA guidance, and a more than 40% HTZ decline.
, /PRNewswire/ -- SueWallSt alerts investors in Hertz Global Holdings, Inc. (NASDAQ: HTZ) that a securities class action has been filed on behalf of shareholders who purchased securities between May 7, 2026 and June 23, 2026. Find out if you could qualify to recover your per-share losses or call (888) SueWallSt.
HTZ declined more than 40% to close at $3.00 on June 24, 2026 after closing over $5 the day before. Investors have until September 22, 2026 to seek lead plaintiff status.
Market Sentiment in HTZ Allegedly Reversed Quickly
The lawsuit maintains that investor confidence in Hertz was supported by statements about liquidity, improving fleet economics, and progress under the Company's "Back-to-Basics" strategy. As alleged, that sentiment shifted when Hertz announced a $300 million Exchangeable Senior First-Lien Secured PIK Notes offering, a concurrent share-lending transaction involving more than 37 million shares, and sharply reduced second-quarter Adjusted Corporate EBITDA guidance.
The complaint further asserts that the market reacted not only to lower guidance, but to the contrast between recent statements that liquidity would be sufficient and the sudden need for financing on terms investors allegedly viewed as dilutive.
The Sentiment Shift in HTZ
Hertz allegedly told investors it ended the first quarter with approximately $837 million of liquidity. The Company also reported an additional $200 million of ABS financing completed in April. The complaint claims investors were led to believe liquidity and refinancing options were adequate for the next twelve months and beyond. On June 24, 2026, Hertz announced a PIK note financing and share-lending offering while citing "unexpected softness in the used car market." The next day, the offering was upsized to $350 million, with a potential increase to $400 million, and borrowed common stock was sold at $2.70 per share. Why Investor Confidence Allegedly Broke
According to the complaint, Hertz had emphasized disciplined fleet rotation, progress toward a sub-$300 Net Depreciation per Unit target, and a year-end liquidity expectation north of $1.5 billion. The action claims those statements were materially misleading because liquidity was allegedly deteriorating faster than represented and used-car market softness was allegedly affecting depreciation and EBITDA.
"Investor confidence depends on receiving truthful information from the companies they invest in. Here, the complaint alleges that HTZ shareholders saw confidence rapidly reprice after Hertz disclosed financing pressure, dilution risk, and weaker EBITDA expectations." -- Joseph E. Levi, Esq.
The Alleged Market Reaction and Investor Harm
The case contends that the June 24 disclosure changed the market's view of Hertz's liquidity runway, used-car residual-value exposure, and near-term earnings outlook. HTZ's more than 40% decline is alleged to reflect the removal of prior artificial inflation from the stock price after the challenged risks became apparent to investors.
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Frequently Asked Questions About the HTZ Lawsuit
Q: What is the HTZ class action lawsuit about? A: A securities class action has been filed against Hertz Global Holdings, Inc. (NASDAQ: HTZ) alleging materially false and misleading statements between May 7, 2026 and June 23, 2026. Shares fell more than 40% after the Company disclosed a dilutive financing, unexpected used-car market softness, and reduced second-quarter Adjusted Corporate EBITDA guidance.
Q: Who is eligible to join the HTZ investor lawsuit? A: Investors who purchased HTZ stock or securities between May 7, 2026 and June 23, 2026 and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses, not on whether you still hold the shares.
Q: What specific misstatements does the HTZ lawsuit allege? A: The complaint alleges Hertz made materially false or misleading statements regarding its liquidity position, used-car market stability, fleet depreciation controls, and ability to fund operations without a distressed dilutive financing. When Hertz announced the financing and reduced guidance, the stock price declined sharply.
Q: What court was the HTZ class action filed in? A: The case was filed in the United States District Court for the Middle District of Florida, Ft. Myers Division, and asserts claims under the federal securities laws.
Q: What is a lead plaintiff and why does it matter? A: A lead plaintiff is the investor appointed by the court to represent the entire class. Lead plaintiffs are typically investors with the largest documented losses. Being appointed does not increase individual recovery but gives direct oversight of how the case is run.
Q: What documents are useful for evaluating HTZ losses? A: Brokerage statements or trade confirmations showing purchase dates, share quantities, prices paid, and any subsequent sale dates and prices are typically useful for evaluating potential losses.
Q: What if I already sold my HTZ shares, can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought during the Class Period and sold at a loss may still be eligible to participate.
Q: Do I need to go to court or give testimony? A: No. The overwhelming majority of class members never appear in court or give depositions. If there is a settlement or recovery, eligible class members generally submit a claim form to seek their portion.
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Attorney Advertising. Prior results do not guarantee similar outcomes.
LOS ANGELES, Sept. 10, 2026 (GLOBE NEWSWIRE) -- Schall, Brown & Schwartz LLP, a national shareholder rights litigation firm, announces that it has filed a federal securities class action on behalf of purchasers of Hertz Global Holdings, Inc. (NASDAQ: HTZ) common stock between May 7, 2026 and June 23, 2026, inclusive (the “Class Period”). Hertz investors have until September 22, 2026 to seek appointment as lead plaintiff of the purported class in the Hertz class action lawsuit. The complaint in Cameron Schweitzer v. Hertz Global Holdings, Inc. et al., No. 2:26-cv-02242 (M.D. Fla.) charges Hertz and certain of Hertz’s top executive officers with violations of the Securities Exchange Act of 1934.
If you purchased Hertz Global Holdings, Inc. securities you may be entitled to compensation without payment of any out-of-pocket fees or costs. Shareholders who purchased shares of HTZ during the Class Period are encouraged to contact SBS to find out if they are eligible to recover their losses or move the court to serve as lead plaintiff of the purported class and lead this lawsuit. Appointment as lead plaintiff is not required to partake in any recovery. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
CLASS PERIOD: May 7, 2026 to June 23, 2026
DEADLINE: September 22, 2026
If you are a shareholder who suffered a loss, click here to participate.
Details of the Case: Hertz is one of the largest vehicle rental companies in the world, renting cars and light trucks under the Hertz, Dollar, Thrifty, and Firefly brands at more than 11,000 locations in roughly 160 countries. The economics of the business turn on the fleet: Hertz buys hundreds of thousands of vehicles, finances most of them through asset-backed securitizations, and depends on reselling them into the used-car market at prices that hold up. Residual values and depreciation per unit are therefore central to whether the Company is profitable. After emerging from bankruptcy in 2021 and taking large write-downs on an ill-timed bet on electric vehicles, management launched a “Back-to-Basics” turnaround built around fleet discipline and cost control.
The Class Period begins on May 7, 2026, when Hertz announced its first quarter 2026 results, touting its “Strongest Revenue Growth in Three Years,” a 13% year-over-year improvement in Net Depreciation per Unit per Month to $312, and approximately $837 million of liquidity supplemented by roughly $200 million from an April financing. On that day’s earnings call, Hertz’s Chief Financial Officer told investors that the Company expected to end the second quarter with just under $1 billion of liquidity and to end the year “north of $1.5 billion.” The following day, Hertz filed its Form 10-Q, which stated that the Company’s cash, liquidity facilities, and refinancing options would be sufficient to fund its operating activities and obligations for the next twelve months and for the foreseeable future thereafter.
According to the complaint, those statements were materially false and misleading because: (i) Hertz’s liquidity was deteriorating far more rapidly than represented, and the Company’s available liquidity was not sufficient to fund its operations and obligations for the next twelve months without resorting to a distressed, dilutive financing; (ii) the softness in the used-car market that defendants had characterized as isolated to the quarter and transitory had in fact recurred and was materially depressing the Company’s net depreciation per unit and Adjusted Corporate EBITDA; and (iii) as a result, Hertz was likely to undertake a dilutive, distressed capital raise that would materially harm existing shareholders.
On June 24, 2026, before the market opened — just weeks after assuring investors that its liquidity would carry the Company for at least twelve months — Hertz announced that a wholly owned indirect subsidiary intended to offer $300 million of Exchangeable Senior First-Lien Secured PIK Notes due 2030, together with a concurrent share-lending offering of more than 37 million shares of common stock from which the Company would receive no proceeds. Hertz simultaneously disclosed that “unexpected softness in the used car market” had caused losses on the sale of vehicles in May 2026 and would drive second quarter Adjusted Corporate EBITDA down to a range of just $50 million to $80 million. On this news, the price of Hertz common stock declined more than 40%, closing at $3.00 per share on June 24, 2026. The next day, the offering priced on still more dilutive terms — upsized to $350 million (up to $400 million) at a 6.75% coupon, with an exchange price of approximately $3.58 per share, and with the borrowed common stock sold to the public at just $2.70 per share.
We encourage investors to contact Brian Schall, David Schwartz, and Adam Rosen of Schall, Brown & Schwartz LLP 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
Join the case to recover your losses
Why SBS: Schall, Brown & Schwartz LLP represents investors around the world, specializing in securities class action lawsuits and shareholder rights litigation. SBS brings together the extensive experience and diverse skillsets of founding partners Brian Schall, Andrew Brown, and David Schwartz. SBS attorneys are responsible for recovering over a billion dollars for violations of securities laws and corporate misfeasance.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
Schall, Brown & Schwartz LLP
Brian Schall, Esq.,
David Schwartz, Esq.,
Adam Rosen, Esq.
www.schallfirm.com
Office: 310-301-3335 [email protected]
