Rosen Law Firm notifies Hertz investors of Sept. 22 securities class action deadline
Rosen Law Firm says investors who bought Hertz Global Holdings common stock during the stated class period may join a securities class action, with a lead-plaintiff deadline of Sept. 22, 2026.
Rosen Law Firm says it is notifying purchasers of Hertz Global Holdings common stock about a securities class action and a Sept. 22, 2026, deadline to seek appointment as lead plaintiff.
The notice, published Aug. 7, says the proposed class covers investors who bought Hertz shares between May 7, 2026, and June 23, 2026, inclusive. It says a lawsuit has already been filed and that eligible investors may be able to participate without paying out-of-pocket fees or costs through a contingency fee arrangement.
The notice says the lead-plaintiff deadline is the date for investors who want to ask the court to represent other class members. In securities class actions, the lead plaintiff helps direct the litigation, subject to court approval.
According to the notice, the case centers on allegations that Hertz made false or misleading statements about its liquidity and the condition of the used-car market. The filing says the company’s liquidity was deteriorating faster than represented, that available liquidity was not enough to fund operations and obligations for the next 12 months without distressed, dilutive financing, and that softness in the used-car market was recurring and hurting net depreciation per unit, or DPU, and Adjusted Corporate EBITDA.
The notice also says the defendants’ positive statements about Hertz’s business, operations and liquidity position were materially false and misleading, and that investors suffered damages when the alleged truth entered the market. Those are allegations in the notice; the brief does not include a response from Hertz.
Rosen Law Firm says investors can join the class action through its website or contact Phillip Kim, Esq., by phone or email. The notice says no class has been certified yet, and investors may choose their own counsel or remain absent class members.
The firm also includes background claims about its securities litigation practice, saying it concentrates on securities class actions and shareholder derivative litigation, has recovered billions of dollars for investors, and was ranked No. 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017.
The next date in the notice is Sept. 22, 2026, when investors seeking lead-plaintiff status must move the court.
Sources
Editorial note: This article was prepared with AI assistance and includes source attribution for reader review.
Comments ()