The Gross Law Firm notifies investors that a class action has commenced in the United States District Court for the Middle District of Florida on behalf of shareholders of Hertz Global Holding, Inc. who purchased Common stock between May 7, 2026 and June 23, 2026.
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (a) 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; (b) 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; (c) as a result of the foregoing, the Company was likely to undertake a dilutive, distressed capital raise that would materially harm existing shareholders; and (d) as a result of the foregoing, 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.
If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the respective securities during the class periods. Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above action. Appointment as Lead Plaintiff is not required to partake in any recovery.
Shareholders have until September 22, 2026 to request that the court appoint them lead plaintiff.
To receive more information, please fill out the form.
