Market impact focus: The complaint alleges HTZ investors suffered a sharp repricing after Hertz announced a dilutive financing, reduced EBITDA guidance, and unexpected used-car market softness just weeks after liquidity assurances.
, /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. Find out if you may qualify to recover losses. You may also contact Joseph E. Levi, Esq. at [email protected] or (212) 363-7500.
HTZ closed at $3.00 on June 24, 2026 after declining more than 40% following Hertz's announcement of a $300 million Exchangeable Senior First-Lien Secured PIK Notes offering, a share-lending transaction involving more than 37 million shares, and second-quarter Adjusted Corporate EBITDA guidance of $50 million to $80 million. The lead plaintiff deadline is September 22, 2026.
The Alleged Market Impact on HTZ Shares
The action claims the June 24, 2026 announcement rapidly changed how investors valued Hertz. As alleged, the market had previously received statements that Hertz expected liquidity to improve and that used-car market weakness was manageable.
The complaint contends that the financing announcement and EBITDA guidance cut caused investors to reassess the Company's liquidity needs, dilution risk, fleet economics, and exposure to used-car residual values.
Dilution and Guidance Shock Alleged by the Filing
According to the filing, Hertz announced a financing structure that included PIK notes due 2030 and a concurrent share-lending offering from which Hertz would receive no proceeds. The next day, the offering allegedly priced on more dilutive terms, including an upsizing to $350 million, potential expansion to $400 million, a 6.75% coupon, an exchange price of approximately $3.58, and borrowed common stock sold at $2.70 per share.
Market Impact Facts for HTZ Investors
Hertz reported approximately $837 million of liquidity at the end of the first quarter. The Company later announced a $300 million PIK note financing and more than 37 million borrowed shares. Second-quarter Adjusted Corporate EBITDA guidance was reduced to a range of $50 million to $80 million. HTZ closed at $3.00 on June 24, 2026, after a decline of more than 40%. Joseph Levi on the Alleged HTZ Repricing
"When a stock declines more than 40% after a financing and guidance reset, investors deserve a careful review of what the market had been told beforehand. The complaint alleges that Hertz shareholders were exposed to dilution and liquidity risks that were not adequately disclosed before the June 24 announcement." -- Joseph E. Levi, Esq.
Submit your information here or call (212) 363-7500.
Levi & Korsinsky, LLP is a nationally recognized shareholder rights firm. Over the past 20 years, the firm has secured hundreds of millions of dollars for aggrieved shareholders. Ranked in ISS Top 50 for seven consecutive years.
Frequently Asked Questions About the HTZ Lawsuit
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 senior executives West and Haralson who allegedly signed SEC filings, made public statements, or certified financial disclosures during the Class Period.
Q: What specific misstatements does the HTZ lawsuit allege? A: The complaint alleges Hertz made materially false or misleading statements regarding liquidity sufficiency, used-car market softness, fleet depreciation, and the Company's ability to manage residual-value pressure through its Back-to-Basics strategy.
Q: How much did HTZ stock drop? A: Shares fell more than 40% to close at $3.00 on June 24, 2026 after Hertz announced a dilutive financing, unexpected used-car market softness, and reduced Adjusted Corporate EBITDA guidance.
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 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: What does it cost me to participate? A: There is no upfront cost to contact the firm. Securities class actions are generally handled on a contingency basis. No upfront fees, no retainer, and no out-of-pocket costs. Any attorneys' fees and expenses awarded to class counsel 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. 08, 2026 (GLOBE NEWSWIRE) -- SueWallSt notifies 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. Submit your information now or call (888) SueWallSt.
HTZ closed at $3.00 on June 24, 2026, a fall of about 40.71% from the previous day’s closing price of $5.06. The lead plaintiff deadline is September 22, 2026.
Alleged SEC Filing Compliance Issue
The complaint challenges Hertz's May 8, 2026 Form 10-Q, which stated that the Company's cash, liquidity facilities, and refinancing options “will be sufficient to fund our operating activities and obligations for the next twelve months and for the foreseeable future thereafter.” The action contends that this regulatory compliance language was materially misleading because Hertz allegedly faced deteriorating liquidity and used-car market pressure that made a distressed financing more likely than investors were told.
Weeks later, Hertz announced $300 million of Exchangeable Senior First-Lien Secured PIK Notes due 2030, a 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.
Disclosure Gaps Alleged in Regulatory Compliance Review
The Form 10-Q allegedly repeated positive liquidity and fleet-management messaging from Hertz's first-quarter release.The filing stated that available resources would be sufficient for the next twelve months and beyond.The complaint alleges Hertz's liquidity was deteriorating more rapidly than represented.Plaintiffs contend used-car market softness was not merely isolated or transitory.The action asserts that dilution risk from a distressed capital raise was not adequately disclosed to investors. Why the SEC Disclosure Adequacy Allegations Matter
The lawsuit alleges that investors relied on Hertz's SEC filings and public statements when evaluating HTZ shares during a short Class Period. The regulatory compliance issue centers on whether risk disclosures were specific enough to alert investors to alleged liquidity strain, residual-value pressure, and the potential need for dilutive financing.
“SEC filings are often where investors look for the clearest statements about liquidity and near-term obligations. Here, the complaint alleges that Hertz's Form 10-Q presented liquidity as sufficient while material financing and used-car market risks were not adequately disclosed.” -- Joseph E. Levi, Esq.
Find out if you might qualify to recover losses 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 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 announced a dilutive PIK note financing, a share-lending offering of more than 37 million shares, unexpected used-car market softness, and reduced second-quarter Adjusted Corporate EBITDA guidance.
Q: Who is eligible to participate 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 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, fleet depreciation, used-car market conditions, and its ability to fund operations without distressed financing. When Hertz disclosed the financing, market softness, and reduced EBITDA 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 Securities Exchange Act of 1934.
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 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 gather? A: Investors should gather brokerage statements or trade confirmations showing purchase dates, share quantities, prices paid, and any subsequent sale dates and prices.
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.
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, Sept. 08, 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.
New York, New York--(Newsfile Corp. - September 8, 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/313395
Source: The Rosen Law Firm PA
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
New York, New York--(Newsfile Corp. - September 8, 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. 08, 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.
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, Sept. 08, 2026 (GLOBE NEWSWIRE) -- Kirby McInerney LLP reminds Hertz Global Holdings, Inc. (“Hertz” or the “Company”) (NASDAQ: HTZ) investors of the September 22, 2026 deadline to seek the role of lead plaintiff in a pending federal securities class action. Investors are encouraged to contact Lauren Molinaro of Kirby McInerney LLP by email at [email protected], or fill out the contact form below to discuss your rights or interests in the securities fraud class action lawsuit at no cost.
[CONTACT THE FIRM IF YOU SUFFERED A LOSS]
What Is The Lawsuit About?
The lawsuit has been filed on behalf of investors who purchased securities during the period of May 7, 2026 and June 23, 2026, inclusive (“the Class Period”). The lawsuit alleges that Hertz made materially false and misleading statements and/or failed to disclose the following adverse facts: (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 as management had represented, without resorting to a distressed, dilutive financing; (ii) the softness in the used-car market that the Company had previously 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; (iii) as a result of the foregoing, the Company was likely to undertake a dilutive, distressed capital raise that would materially harm existing shareholders; and (iv) as a result of the foregoing, Defendant’s positive statements about Hertz’s business, operations, and liquidity position were materially false and misleading and lacked a reasonable basis.
On June 24, 2026, Hertz announced a dilutive capital raise. The Company intended to offer $300 million of Exchange Senior First-Lien Secured PIK Notes due 2030, as well as a concurrent share-lending offering of more than 37 million shares of common stock. Additionally, the Company disclosed that “unexpected softness in the used car market” had caused losses on vehicle sales in May 2026 and would drive second-quarter Adjusted Corporate EBITDA down to $50 million to 80 million. On this news, Hertz’s stock price declined by $2.06 per share, or more than 40%, to close at $3.00 per share on June 24, 2026.
[CLICK HERE TO LEARN MORE ABOUT THE CLASS ACTION]
What Should I Do?
If you purchased or otherwise acquired Hertz securities, have information, or would like to learn more about this investigation, please contact Lauren Molinaro of Kirby McInerney LLP by email at [email protected], or fill out the contact form below, to discuss your rights or interests with respect to these matters at no cost.
What is the Lead Plaintiff Deadline?
Courts do not consider applications filed after this deadline. The lead plaintiff oversees the litigation on behalf of the class and may influence key decisions, including litigation strategy and settlement. Courts regularly appoint individual investors as lead plaintiffs, not only institutions. Learn more about the lead plaintiff process and eligibility requirements here.
[WHAT IS A SECURITIES CLASS ACTION?]
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
NEW YORK, Sept. 07, 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.
LOS ANGELES, Sept. 07, 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, New York--(Newsfile Corp. - September 6, 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/313218
Source: The Rosen Law Firm PA
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
New York, New York--(Newsfile Corp. - September 4, 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/313022
Source: The Rosen Law Firm PA
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
New York, New York--(Newsfile Corp. - September 4, 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, New York--(Newsfile Corp. - September 3, 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/312951
Source: The Rosen Law Firm PA
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
NEW YORK, Sept. 03, 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.
, /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.
Promise vs. reality: the complaint alleges Hertz projected liquidity north of $1.5 billion and improving fleet depreciation, then weeks later announced dilutive financing, a share-lending offering, and sharply reduced EBITDA guidance.
, /PRNewswire/ -- SueWallSt notifies investors in Hertz Global Holdings, Inc. (NASDAQ: HTZ) that a securities class action has been filed on behalf of shareholders who purchased Hertz securities between May 7, 2026 and June 23, 2026. Find out if you might be eligible to recover losses. 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 a reported decline of more than 40%. The complaint cites a $300 million PIK note offering, more than 37 million borrowed shares, Q2 Adjusted Corporate EBITDA guidance of $50 million to $80 million, and a September 22, 2026 lead plaintiff deadline.
The Promise Hertz Allegedly Presented
The lawsuit asserts that Hertz told investors its liquidity position was solid, its fleet strategy was working, and its Net Depreciation per Unit was approaching the Company's sub-$300 target. Management also allegedly projected year-end liquidity north of $1.5 billion while the Company described its cash, liquidity facilities, and refinancing options as sufficient for the next twelve months and the foreseeable future thereafter.
That promise mattered because Hertz's rental economics depend heavily on fleet values. The complaint contends investors were led to believe used-car market pressure was manageable under the Company's "Back-to-Basics" and "Buy Right, Hold Right, Sell Right" strategy.
The Reality Investors Allegedly Faced Weeks Later
On June 24, 2026, Hertz announced a proposed $300 million Exchangeable Senior First-Lien Secured PIK Notes offering due 2030, a concurrent share-lending offering involving more than 37 million shares, and "unexpected softness in the used car market." The next day, the offering was priced on allegedly more dilutive terms, including an upsized $350 million amount, up to $400 million, a 6.75% coupon, an exchange price of approximately $3.58, and borrowed common stock sold at $2.70 per share.
"Companies that make specific promises to investors about future performance have an obligation to disclose known risks to those projections. Here, the complaint alleges a stark gap between Hertz's liquidity and fleet-management assurances and the dilutive financing that followed within weeks." -- Joseph E. Levi, Esq.
Promise vs. Actual: By the Numbers
Liquidity outlook: Hertz allegedly projected year-end liquidity north of $1.5 billion before announcing a $300 million PIK note financing. Fleet depreciation: Net DPU was reported at $312 and described as approaching the Company's North Star target of sub-$300. EBITDA outlook: Hertz later guided Q2 Adjusted Corporate EBITDA to a range of only $50 million to $80 million. Dilution mechanics: The share-lending offering involved more than 37 million borrowed shares from which the Company would receive no proceeds. Pricing terms: The financing was later upsized to $350 million, up to $400 million, with an exchange price of approximately $3.58 and borrowed stock sold at $2.70. Click here to submit your information and 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 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. The complaint alleges Hertz overstated its liquidity position and the stability of the used-car market before announcing dilutive financing and reduced EBITDA guidance.
Q: How much did HTZ stock drop? A: The complaint states that Hertz common stock declined more than 40% to close at $3.00 per share on June 24, 2026.
Q: What do HTZ investors need to do right now? A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Contact SueWallSt, a brand of Levi & Korsinsky LLP, for a no-cost, no-obligation case evaluation at [email protected] or (212) 363-7500. No immediate action is required to remain eligible as an absent class member.
Q: What specific misstatements does the HTZ lawsuit allege? A: The complaint alleges Hertz made materially false or misleading statements regarding liquidity sufficiency, used-car market stability, Net Depreciation per Unit, and the Company's ability to manage fleet residual values during the Class Period.
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 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 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.
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.
LOS ANGELES, Sept. 03, 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]
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 2, 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/312638
Source: The Rosen Law Firm PA
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
San Diego, California--(Newsfile Corp. - September 2, 2026) - 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.
Listen to our podcast.
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; and therefore, 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.
Facebook
LinkedIn
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/312654
Source: Robbins LLP
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
New York, New York--(Newsfile Corp. - September 2, 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.
Alert: Claims focus on alleged fleet management vehicle rental securities issues, including Hertz's Net Depreciation per Unit and residual-value controls. The lawsuit alleges investors suffered losses after the Company reported used-car market softness, reduced EBITDA guidance, and announced a dilutive financing.
, /PRNewswire/ -- Levi & Korsinsky, LLP reminds purchasers of Hertz Global Holdings, Inc. (NASDAQ: HTZ) securities that a class action has been filed on behalf of investors who purchased shares between May 7, 2026 and June 23, 2026. Find out if you might qualify for recovery or call (212) 363-7500.
Hertz shares declined more than 40% to close at $3.00 on June 24, 2026. Investors have until September 22, 2026 to seek lead plaintiff status.
Hertz's rental model depends heavily on buying vehicles, holding them efficiently, and reselling them at values that support profitability. The filing states that Hertz presented its "Back-to-Basics" plan as a disciplined fleet strategy built around "Buy Right, Hold Right, Sell Right," while allegedly failing to disclose that used-vehicle volatility was pressuring residual values and depreciation.
The operational issue at the center of this release is Net Depreciation per Unit per Month, or DPU. As set forth in the complaint, Hertz reported first-quarter Net DPU of $312 and described that figure as approaching its sub-$300 "North Star" target, supported by disciplined fleet rotation.
Alleged DPU Impact by the Numbers
Hertz reported first-quarter 2026 Net DPU of $312. The Company described the sub-$300 DPU level as a "North Star" target. Hertz reported $2.0 billion in first-quarter revenue, up 11% year over year. The complaint claims the used-car market softness was not merely transitory or isolated. Hertz later guided second-quarter Adjusted Corporate EBITDA to only $50 million to $80 million. What the Lawsuit Claims About Residual Values
The lawsuit contends that Hertz's fleet economics were more vulnerable than represented because vehicle resale values were being affected by renewed used-car market weakness. As alleged, those pressures made the Company's liquidity and EBITDA outlook materially less secure than investors had been led to believe.
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, and "unexpected softness in the used car market." The action claims that this announcement corrected prior alleged statements about fleet discipline, depreciation, and operating performance.
"The complaint raises serious questions about whether investors received accurate information about Hertz's fleet economics before shares declined more than 40%. In a vehicle rental business, depreciation and residual values are not side issues; they are central to the investment case." -- Joseph E. Levi, Esq.
Submit your information now or call (212) 363-7500.
WHY LEVI & KORSINSKY — Ranked in ISS Securities Class Action Services' Top 50 Report for seven consecutive years, Levi & Korsinsky, LLP is a nationally recognized leader in shareholder rights litigation. With a team of over 70 professionals, the firm has recovered hundreds of millions of dollars for investors. Investors who suffered losses have until September 22, 2026 to seek appointment as lead plaintiff.
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, reduced second-quarter Adjusted Corporate EBITDA guidance, and announced a dilutive financing. Investors who purchased shares during the Class Period and suffered losses may be eligible to seek compensation.
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 Global Holdings, Inc. made materially false or misleading statements regarding liquidity, used-car market softness, fleet depreciation, DPU performance, and the Company's ability to fund operations without distressed financing. When Hertz disclosed unexpected used-car market softness, sharply lower EBITDA guidance, and a dilutive financing, 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 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 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: What does it cost me to participate? A: There is no upfront cost. Securities class actions are generally handled on a pure contingency basis. No upfront fees, no retainer, and no out-of-pocket costs. Any attorneys' fees and expenses awarded to class counsel 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.
LOS ANGELES, Sept. 01, 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. 01, 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 1, 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/312430
Source: The Rosen Law Firm PA
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
NEW YORK, Sept. 01, 2026 (GLOBE NEWSWIRE) -- 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.
, /PRNewswire/ -- 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
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, Aug. 31, 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. - August 31, 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/312250
Source: The Rosen Law Firm PA
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
NEW YORK, Aug. 31, 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. - August 31, 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:
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/312103
Source: Kaplan Fox & Kilsheimer LLP
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
LOS ANGELES, Aug. 31, 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, Aug. 31, 2026 (GLOBE NEWSWIRE) -- 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, New York--(Newsfile Corp. - August 29, 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.
-------------------------------
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
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/312036
Source: The Rosen Law Firm PA
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
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, Aug. 25, 2026 (GLOBE NEWSWIRE) -- SueWallSt 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. Find out if you may qualify to recover losses. You may also contact Joseph E. Levi, Esq. at [email protected] or (888) SueWallSt.
HTZ closed at $3.00 on June 24, 2026 after declining more than 40% following Hertz's announcement of a $300 million Exchangeable Senior First-Lien Secured PIK Notes offering, a share-lending transaction involving more than 37 million shares, and second-quarter Adjusted Corporate EBITDA guidance of $50 million to $80 million. The lead plaintiff deadline is September 22, 2026.
The Alleged Market Impact on HTZ Shares
The action claims the June 24, 2026 announcement rapidly changed how investors valued Hertz. As alleged, the market had previously received statements that Hertz expected liquidity to improve and that used-car market weakness was manageable.
The complaint contends that the financing announcement and EBITDA guidance cut caused investors to reassess the Company's liquidity needs, dilution risk, fleet economics, and exposure to used-car residual values.
Dilution and Guidance Shock Alleged by the Filing
According to the filing, Hertz announced a financing structure that included PIK notes due 2030 and a concurrent share-lending offering from which Hertz would receive no proceeds. The next day, the offering allegedly priced on more dilutive terms, including an upsizing to $350 million, potential expansion to $400 million, a 6.75% coupon, an exchange price of approximately $3.58, and borrowed common stock sold at $2.70 per share.
Market Impact Facts for HTZ Investors
Hertz reported approximately $837 million of liquidity at the end of the first quarter.The Company later announced a $300 million PIK note financing and more than 37 million borrowed shares.Second-quarter Adjusted Corporate EBITDA guidance was reduced to a range of $50 million to $80 million.HTZ closed at $3.00 on June 24, 2026, after a decline of more than 40%. Joseph Levi on the Alleged HTZ Repricing
"When a stock declines more than 40% after a financing and guidance reset, investors deserve a careful review of what the market had been told beforehand. The complaint alleges that Hertz shareholders were exposed to dilution and liquidity risks that were not adequately disclosed before the June 24 announcement." -- Joseph E. Levi, Esq.
Submit your information here 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 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 senior executives West and Haralson who allegedly signed SEC filings, made public statements, or certified financial disclosures during the Class Period.
Q: What specific misstatements does the HTZ lawsuit allege? A: The complaint alleges Hertz made materially false or misleading statements regarding liquidity sufficiency, used-car market softness, fleet depreciation, and the Company's ability to manage residual-value pressure through its Back-to-Basics strategy.
Q: How much did HTZ stock drop? A: Shares fell more than 40% to close at $3.00 on June 24, 2026 after Hertz announced a dilutive financing, unexpected used-car market softness, and reduced Adjusted Corporate EBITDA guidance.
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 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: 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.
Did you buy HTZ common stock between May 7, 2026 and June 23, 2026?
Affected HTZ Investor Summary
Who: Hertz Global Holdings, Inc. (NASDAQ: HTZ) What: Securities fraud class action lawsuit filed Class Period: May 7, 2026 through June 23, 2026 Deadline to Seek Lead Plaintiff Status: September 22, 2026 Key Lawsuit Allegations: Material misstatements and/or omissions concerning the company's liquidity and financing. Investor Action: Contact Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) for recovery options , /PRNewswire/ -- Kessler Topaz Meltzer & Check, LLP (www.ktmc.com), a nationally recognized securities litigation law firm, informs investors that a securities fraud class action lawsuit has been filed against Hertz Global Holdings, Inc. (Hertz) (NASDAQ: HTZ) on behalf of those who purchased or acquired Hertz common stock between May 7, 2026 and June 23, 2026, inclusive. The lawsuit is filed in the United States District Court for the Middle District of Florida and is captioned Schweitzer v. Hertz Global Holdings, Inc., No. 26-cv-02242 (M.D. Fla.). Investors have until September 22, 2026, to file for lead plaintiff status.
CONTACT KTMC TO DISCUSS YOUR LEGAL RIGHTS:
If you purchased or acquired Hertz common stock and have lost money on your investment, please provide your information here: https://www.ktmc.com/htz-hertz-global-holdings-inc-class-action-lawsuit?utm_source=PR_Newswire&utm_medium=pressrelease&utm_campaign=htz&mktm=PR
You can also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at [email protected]. There is no cost or obligation to speak with an attorney.
To view the Hertz video on YouTube, click here: https://youtu.be/UyFbDFHS3fQ
HERTZ GLOBAL HOLDINGS, INC. CLASS ACTION LAWSUIT - COMPLAINT ALLEGATION SUMMARY:
The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, and/or failed to disclose material adverse facts about the company's business, operations, and prospects. Specifically, Defendants misrepresented and/or failed to disclose that: (1) 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; (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 and Adjusted Corporate EBITDA; (3) as a result, 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 the company's business, operations, and prospects were materially misleading and/or 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 Hertz's liquidity would be "sufficient to fund our operating activities and obligations for the next twelve months and for the foreseeable future thereafter", and with projected year-end liquidity "north of $1.5 billion," Hertz announced a massive dilutive capital raise. Specifically, Hertz intended to offer $300 million of Exchange Senior First-Lien Secured PIK Notes due 2030, as well as a concurrent share-lending offering of more than 37 million shares of common stock. Additionally, Hertz disclosed that "unexpected softness in the used car market" had caused losses on vehicle sales 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 declined by $2.06 per share, or more than 40%, to close at $3.00 per share on June 24, 2026.
WHAT HERTZ GLOBAL HOLDINGS, INC. INVESTORS CAN DO NOW:
File to be lead plaintiff by September 22, 2026. Contact KTMC for a free case evaluation. All representation is on a contingency fee basis, there is no cost to you. Retain counsel of choice or take no action. THE LEAD PLAINTIFF PROCESS FOR HERTZ GLOBAL HOLDINGS, INC. INVESTORS:
Hertz investors may, no later than September 22, 2026, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.
Kessler Topaz Meltzer & Check, LLP encourages Hertz investors to contact the firm for more information.
ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP (KTMC):
Kessler Topaz Meltzer & Check, LLP (KTMC) is a leading U.S. plaintiff-side law firm focused on securities-fraud class actions and global investor protection. The firm represents individual investors as well as institutions, such as major pension funds, asset managers, and international investors. KTMC has led some of the largest recoveries in securities litigation and has been recognized by peers and the legal media with numerous accolades, including being recognized in Chambers & Partners USA 2026 as a Band 1 Top Firm in Securities and Class Actions, Legal 500's Tier 1 Rankings for Securities and M&A Litigation, The National Law Journal's Plaintiff's Hot List and Trailblazers in Plaintiffs' Law, BTI Consulting Group's Honor Roll of Most Feared Law Firms, The Legal Intelligencer's Class Action Firm of the Year, Lawdragon's Leading Plaintiff Financial Lawyers, and Law360's Titans of the Plaintiffs Bar. The firm operates globally with offices in Pennsylvania and California. KTMC has recovered over $25 billion for our clients and the classes they represent. The complaint in this matter was not filed by KTMC.
CONTACT:
Jonathan Naji, Esq.
(484) 270-1453
280 King of Prussia Road
Radnor, PA 19087
[email protected]
May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.
Hertz Global Holdings, Inc. Class Action Lawsuit: Investors Face September 22, 2026, Deadline PR Newswire
RADNOR, Pa., Aug. 25, 2026
Did you buy HTZ common stock between May 7, 2026 and June 23, 2026?
Affected HTZ Investor Summary
Who: Hertz Global Holdings, Inc. (NASDAQ: HTZ)What: Securities fraud class action lawsuit filedClass Period: May 7, 2026 through June 23, 2026Deadline to Seek Lead Plaintiff Status: September 22, 2026Key Lawsuit Allegations: Material misstatements and/or omissions concerning the company's liquidity and financing.Investor Action: Contact Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) for recovery options, /PRNewswire/ -- Kessler Topaz Meltzer & Check, LLP (www.ktmc.com), a nationally recognized securities litigation law firm, informs investors that a securities fraud class action lawsuit has been filed against Hertz Global Holdings, Inc. (Hertz) (NASDAQ: HTZ) on behalf of those who purchased or acquired Hertz common stock between May 7, 2026 and June 23, 2026, inclusive. The lawsuit is filed in the United States District Court for the Middle District of Florida and is captioned Schweitzer v. Hertz Global Holdings, Inc., No. 26-cv-02242 (M.D. Fla.). Investors have until September 22, 2026, to file for lead plaintiff status.
CONTACT KTMC TO DISCUSS YOUR LEGAL RIGHTS:
If you purchased or acquired Hertz common stock and have lost money on your investment, please provide your information here: https://www.ktmc.com/htz-hertz-global-holdings-inc-class-action-lawsuit?utm_source=PR_Newswire&utm_medium=pressrelease&utm_campaign=htz&mktm=PR
You can also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at [email protected]. There is no cost or obligation to speak with an attorney.
To view the Hertz video on YouTube, click here: https://youtu.be/UyFbDFHS3fQ
HERTZ GLOBAL HOLDINGS, INC. CLASS ACTION LAWSUIT - COMPLAINT ALLEGATION SUMMARY:
The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, and/or failed to disclose material adverse facts about the company's business, operations, and prospects. Specifically, Defendants misrepresented and/or failed to disclose that: (1) 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; (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 and Adjusted Corporate EBITDA; (3) as a result, 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 the company's business, operations, and prospects were materially misleading and/or 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 Hertz's liquidity would be "sufficient to fund our operating activities and obligations for the next twelve months and for the foreseeable future thereafter", and with projected year-end liquidity "north of $1.5 billion," Hertz announced a massive dilutive capital raise. Specifically, Hertz intended to offer $300 million of Exchange Senior First-Lien Secured PIK Notes due 2030, as well as a concurrent share-lending offering of more than 37 million shares of common stock. Additionally, Hertz disclosed that "unexpected softness in the used car market" had caused losses on vehicle sales 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 declined by $2.06 per share, or more than 40%, to close at $3.00 per share on June 24, 2026.
WHAT HERTZ GLOBAL HOLDINGS, INC. INVESTORS CAN DO NOW:
File to be lead plaintiff by September 22, 2026.Contact KTMC for a free case evaluation. All representation is on a contingency fee basis, there is no cost to you.Retain counsel of choice or take no action.THE LEAD PLAINTIFF PROCESS FOR HERTZ GLOBAL HOLDINGS, INC. INVESTORS:
Hertz investors may, no later than September 22, 2026, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.
Kessler Topaz Meltzer & Check, LLP encourages Hertz investors to contact the firm for more information.
ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP (KTMC):
Kessler Topaz Meltzer & Check, LLP (KTMC) is a leading U.S. plaintiff-side law firm focused on securities-fraud class actions and global investor protection. The firm represents individual investors as well as institutions, such as major pension funds, asset managers, and international investors. KTMC has led some of the largest recoveries in securities litigation and has been recognized by peers and the legal media with numerous accolades, including being recognized in Chambers & Partners USA 2026 as a Band 1 Top Firm in Securities and Class Actions, Legal 500's Tier 1 Rankings for Securities and M&A Litigation, The National Law Journal's Plaintiff's Hot List and Trailblazers in Plaintiffs' Law, BTI Consulting Group's Honor Roll of Most Feared Law Firms, The Legal Intelligencer's Class Action Firm of the Year, Lawdragon's Leading Plaintiff Financial Lawyers, and Law360's Titans of the Plaintiffs Bar. The firm operates globally with offices in Pennsylvania and California. KTMC has recovered over $25 billion for our clients and the classes they represent. The complaint in this matter was not filed by KTMC.
CONTACT:
Jonathan Naji, Esq.
(484) 270-1453
280 King of Prussia Road
Radnor, PA 19087
[email protected]
May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.
View original content to download multimedia:https://www.prnewswire.com/news-releases/hertz-global-holdings-inc-class-action-lawsuit-investors-face-september-22-2026-deadline-302857983.html
ESTERO, Fla.--(BUSINESS WIRE)--With Americans keeping vehicles longer than ever and seeking greater reliability and protection from unexpected repair costs, Hertz Car Sales today introduced 100K Mile Protection. This industry-leading protection includes a 3-Year/100,000-Mile Powertrain Limited Warranty on eligible vehicles at no additional charge and offers substantially longer coverage than the standard warranties offered by many leading competitors*. Combined with one of the largest selections.
NEW YORK, Aug. 25, 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. - August 25, 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/311461
Source: The Rosen Law Firm PA
Ready to Announce with Confidence?
Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
New York, New York--(Newsfile Corp. - August 26, 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.
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/ -- Levi & Korsinsky, LLP 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 (212) 363-7500.
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.
Submit your information here or call (212) 363-7500.
ABOUT LEVI & KORSINSKY, LLP — Over the past 20 years, Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders. The firm has extensive expertise in complex securities litigation and a team of over 70 employees. For seven consecutive years, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report. Investors who suffered losses have until September 22, 2026 to seek appointment as lead plaintiff.
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.
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.
Did you buy HTZ common stock between May 7, 2026 and June 23, 2026?
Affected HTZ Investor Summary
Who: Hertz Global Holdings, Inc. (NASDAQ: HTZ)What: Securities fraud class action lawsuit filedClass Period: May 7, 2026 through June 23, 2026Deadline to Seek Lead Plaintiff Status: September 22, 2026Key Lawsuit Allegations: Material misstatements and/or omissions concerning the company’s liquidity and financing. Investor Action: Contact Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) for recovery options RADNOR, Pa., Aug. 26, 2026 (GLOBE NEWSWIRE) -- Kessler Topaz Meltzer & Check, LLP (www.ktmc.com), a nationally recognized securities litigation law firm, informs investors that a securities fraud class action lawsuit has been filed against Hertz Global Holdings, Inc. (Hertz) (NASDAQ: HTZ) on behalf of those who purchased or acquired Hertz common stock between May 7, 2026 and June 23, 2026, inclusive. The lawsuit is filed in the United States District Court for the Middle District of Florida and is captioned Schweitzer v. Hertz Global Holdings, Inc., No. 26-cv-02242 (M.D. Fla.). Investors have until September 22, 2026, to file for lead plaintiff status.
CONTACT KTMC TO DISCUSS YOUR LEGAL RIGHTS:
If you purchased or acquired Hertz common stock and have lost money on your investment, please provide your information here: https://www.ktmc.com/htz-hertz-global-holdings-inc-class-action-lawsuit?utm_source=Globe&utm_medium=pressrelease&utm_campaign=htz&mktm=PR
You can also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at [email protected]. There is no cost or obligation to speak with an attorney.
To view the Hertz video on YouTube, click here: https://youtu.be/UyFbDFHS3fQ
HERTZ GLOBAL HOLDINGS, INC. CLASS ACTION LAWSUIT - COMPLAINT ALLEGATION SUMMARY:
The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, and/or failed to disclose material adverse facts about the company’s business, operations, and prospects. Specifically, Defendants misrepresented and/or failed to disclose that: (1) 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; (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 and Adjusted Corporate EBITDA; (3) as a result, 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 the company’s business, operations, and prospects were materially misleading and/or 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 Hertz’s liquidity would be “sufficient to fund our operating activities and obligations for the next twelve months and for the foreseeable future thereafter”, and with projected year-end liquidity “north of $1.5 billion,” Hertz announced a massive dilutive capital raise. Specifically, Hertz intended to offer $300 million of Exchange Senior First-Lien Secured PIK Notes due 2030, as well as a concurrent share-lending offering of more than 37 million shares of common stock. Additionally, Hertz disclosed that “unexpected softness in the used car market” had caused losses on vehicle sales 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 declined by $2.06 per share, or more than 40%, to close at $3.00 per share on June 24, 2026.
WHAT HERTZ GLOBAL HOLDINGS, INC. INVESTORS CAN DO NOW:
File to be lead plaintiff by September 22, 2026.Contact KTMC for a free case evaluation. All representation is on a contingency fee basis, there is no cost to you.Retain counsel of choice or take no action. THE LEAD PLAINTIFF PROCESS FOR HERTZ GLOBAL HOLDINGS, INC. INVESTORS:
Hertz investors may, no later than September 22, 2026, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.
Kessler Topaz Meltzer & Check, LLP encourages Hertz investors to contact the firm for more information.
ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP (KTMC):
Kessler Topaz Meltzer & Check, LLP (KTMC) is a leading U.S. plaintiff-side law firm focused on securities-fraud class actions and global investor protection. The firm represents individual investors as well as institutions, such as major pension funds, asset managers, and international investors. KTMC has led some of the largest recoveries in securities litigation and has been recognized by peers and the legal media with numerous accolades, including being recognized in Chambers & Partners USA 2026 as a Band 1 Top Firm in Securities and Class Actions, Legal 500’s Tier 1 Rankings for Securities and M&A Litigation, The National Law Journal’s Plaintiff’s Hot List and Trailblazers in Plaintiffs' Law, BTI Consulting Group’s Honor Roll of Most Feared Law Firms, The Legal Intelligencer’s Class Action Firm of the Year, Lawdragon’s Leading Plaintiff Financial Lawyers, and Law360’s Titans of the Plaintiffs Bar. The firm operates globally with offices in Pennsylvania and California. KTMC has recovered over $25 billion for our clients and the classes they represent. The complaint in this matter was not filed by KTMC.
CONTACT:
Jonathan Naji, Esq.
(484) 270-1453
280 King of Prussia Road
Radnor, PA 19087 [email protected]
May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.
, /PRNewswire/ -- 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. - August 26, 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/311695
Source: The Rosen Law Firm PA
Ready to Announce with Confidence?
Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
HTZ Deadline: HTZ Investors Have Opportunity to Lead Hertz Global Holdings, Inc. Securities Fraud Lawsuit PR Newswire
NEW YORK, Aug. 26, 2026
, /PRNewswire/ -- 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
View original content to download multimedia:https://www.prnewswire.com/news-releases/htz-deadline-htz-investors-have-opportunity-to-lead-hertz-global-holdings-inc-securities-fraud-lawsuit-302861057.html
Important Notice Regarding Alleged Hertz liquidity and used-car market securities fraud: The action alleges investors overpaid while Hertz projected sufficient liquidity and used-car market stability shortly before a dilutive capital raise.
, /PRNewswire/ -- SueWallSt 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 (888) SueWallSt.
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 (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 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.
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.
LOS ANGELES, Aug. 27, 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]
