Rosen Law Firm sets Sept. 22 deadline in Hertz stock suit
Rosen Law Firm said investors who purchased Hertz common stock during the stated class period may seek to participate in a securities fraud class action, with a Sept. 22 lead-plaintiff deadline.
Rosen Law Firm said in a PR Newswire notice on Aug. 31, 2026, that investors who bought Hertz Global Holdings Inc. common stock between May 7, 2026, and June 23, 2026, may be eligible to participate in a securities fraud class action. The notice said Sept. 22, 2026, is the deadline for investors to ask the court to appoint them as lead plaintiff.
The notice said the case is already pending and that investors who purchased Hertz stock during the stated class period may seek compensation if the litigation advances. Rosen said claims may be handled on a contingency fee basis, meaning participants would not pay out-of-pocket fees or costs under that arrangement.
According to the notice, the lawsuit concerns Hertz Global Holdings Inc. and its Nasdaq ticker, HTZ. The notice said the proposed class includes purchasers of Hertz common stock during the period from May 7 through June 23, 2026, inclusive.
The notice outlined allegations that Hertz’s liquidity deteriorated more quickly than the company had 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 not temporary and was weighing on net depreciation per unit, or DPU, and adjusted corporate EBITDA. It also said Hertz was likely to pursue a dilutive distressed capital raise that would harm existing shareholders.
Rosen’s notice said no class has been certified. It also said investors are not represented by counsel unless they retain one, and that they may choose counsel of their choice or do nothing and remain absent class members. The notice said an investor does not need to serve as lead plaintiff to share in any future recovery.
The notice directed prospective participants to Rosen Law Firm’s Hertz case page and gave the contact information for Phillip Kim, Esq., including a toll-free phone number and email address. It also included background statements from Rosen describing the firm as a global investor-rights practice focused on securities class actions and shareholder derivative litigation, and it cited prior recoveries and rankings.
The notice said the court will decide any request for lead-plaintiff status in the case already filed against Hertz.
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