Rosen Law Firm says it filed Hertz securities class action
Rosen Law Firm says it filed a class action over Hertz Global Holdings common stock purchases during a May 7 to June 23, 2026 class period and is seeking a lead plaintiff by Sept. 22, 2026.
Rosen Law Firm says it has filed a securities class action over Hertz Global Holdings stock purchases during a May 7 to June 23, 2026 period and is seeking a lead plaintiff by Sept. 22.
Rosen Law Firm said it filed a class action lawsuit on behalf of buyers of Hertz Global Holdings Inc. common stock, according to a notice distributed through PR Newswire on Aug. 1, 2026. The notice says the proposed class covers investors who purchased Hertz stock, traded on Nasdaq under the ticker HTZ, between May 7, 2026 and June 23, 2026.
The notice says investors who want to ask the court to serve as lead plaintiff must move no later than Sept. 22, 2026. Rosen also said purchasers during the class period may be entitled to compensation through a contingency fee arrangement with no out-of-pocket fees or costs.
The notice says the lawsuit concerns Hertz’s liquidity, softness in the used-car market, net depreciation per unit, adjusted corporate EBITDA and a possible dilutive, distressed capital raise. Rosen said the case alleges Hertz’s liquidity was deteriorating faster than represented, that available liquidity was not sufficient to fund operations and obligations for the next 12 months without distressed financing, and that earlier positive statements about the company’s business, operations and liquidity lacked a reasonable basis.
According to the notice, the lawsuit also alleges the softness in the used-car market was recurring and materially harmful to Hertz’s financial results, including net depreciation per unit and adjusted corporate EBITDA. It further says the company was likely to undertake a dilutive, distressed capital raise that would materially harm existing shareholders.
The notice says the announcement is a law-firm investor solicitation, not a court filing by the company, and that no class has been certified yet. It identifies Rosen Law Firm as a global investor rights law firm and says investors can join the case through the firm’s website or by contacting Phillip Kim, Esq.
Rosen said the lawsuit claims investors suffered damages when what it calls the true details entered the market. No company response was included in the notice provided in the research brief.
The next date listed in the notice is the Sept. 22 lead-plaintiff deadline. The court will decide any future class certification questions if the case moves forward.
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Editorial note: This article was prepared with AI assistance and includes source attribution for reader review.
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