Rosen Law sets Sept. 22 deadline in Hertz securities suit
Rosen Law Firm says investors who bought Hertz common stock during the stated class period may move to lead a securities class action by Sept. 22, 2026.
Rosen Law Firm says investors who bought Hertz Global Holdings common stock during a stated class period may seek lead-plaintiff status in an already filed securities class action by Sept. 22, 2026.
The notice says the suit covers purchasers of Hertz common stock between May 7, 2026, and June 23, 2026, inclusive. It says a class action has already been filed and that investors who want to serve as lead plaintiff must move the court no later than Sept. 22, 2026.
The filing says the lead plaintiff can help direct the litigation on behalf of other class members. Rosen says investors may be entitled to seek compensation without out-of-pocket fees or costs through a contingency fee arrangement, but the notice also says no class has been certified yet.
According to the notice, the lawsuit alleges Hertz and its representatives made false or misleading statements, or failed to disclose, that the company’s liquidity was deteriorating faster than described. The suit also alleges that available liquidity was not enough to fund operations and obligations for the next 12 months without a distressed, dilutive financing.
The notice says the complaint ties the claims to weakness in the used-car market. It alleges that market weakness was not isolated or transitory but recurred and materially affected net depreciation per unit, or DPU, and Adjusted Corporate EBITDA. The suit also alleges Hertz was likely to undertake a dilutive, distressed capital raise that would materially harm existing shareholders.
Rosen’s notice says the alleged false or misleading statements concerned Hertz’s business, operations and liquidity position, and that investors suffered damages when the true details entered the market.
The notice includes a join link and contact information for Phillip Kim, Esq., and says investors may choose counsel of their choice or remain absent class members. It also says an investor’s ability to share in any potential future recovery does not depend on serving as lead plaintiff.
Rosen describes the lead plaintiff as a representative party acting on behalf of other class members in directing the litigation. The notice does not provide a court filing number, judge or additional source materials beyond the press release.
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Editorial note: This article was prepared with AI assistance and includes source attribution for reader review.
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