KSF notice sets Sept. 29 deadline in Avis Budget securities case

By Atlas Watchline Staff · Legal · August 29, 2026

Kahn Swick & Foti said investors who bought or acquired Avis Budget Group securities during the class period may seek lead-plaintiff appointment by Sept. 29, 2026.

Kahn Swick & Foti, LLC said on Aug. 28, 2026, that investors in Avis Budget Group, Inc. may seek appointment as lead plaintiff in a class action securities lawsuit pending in federal court in Florida.

The notice sets a Sept. 29, 2026, deadline for investors who bought or otherwise acquired Avis securities during the stated class period.

According to the notice, the case is pending in the U.S. District Court for the Middle District of Florida under the caption Hakimian v. Pentwater Capital Management LP, et al., No. 26-cv-02275. The stated class period runs from Feb. 20, 2025, through April 21, 2026, inclusive.

The notice says the complaint alleges that Avis and certain executives failed to disclose material information and violated federal securities laws. It also says the complaint alleges Pentwater Capital Management LP and Halbower engaged in a scheme to manipulate the market for Avis securities.

KSF said Pentwater was one of Avis's largest shareholders and held an approximate 51% total economic interest through stock and cash-settled swaps as of March 2026. The notice says Pentwater allegedly bought Avis stock aggressively during the class period, contributing to unusual volatility and a short squeeze.

The notice also cites sharp moves in the stock. It says Avis shares reached an intraday high of $765.94 on April 21, 2026, were about 419% above an April 1, 2026 opening price of $147.52, and closed at $713.97 that day. The notice says the shares then fell 74.51% over the following sessions and closed at $182.005 on April 28, 2026.

KSF said investors who suffered losses during the period may contact the firm to ask about lead-plaintiff status. The notice lists Lewis Kahn, a toll-free number, an email address and a case-information webpage for investors.

The next step is the Sept. 29, 2026 deadline in the notice. The court process for selecting a lead plaintiff would follow any timely requests.

Sources

• PR Newswire — Avis Budget Group, Inc. notice of Sept. 29, 2026 application deadline for class action lawsuit

Editorial note: This article was prepared with AI assistance and includes source attribution for reader review.

This is the AMP version of the article. Read the full article on Atlas Watchline.