July 8, 2024
WASHINGTON, DC, July 8, 2024 – Cohen Milstein Sellers & Toll PLLC alerts investors who purchased securities of Hertz Global Holdings, Inc. (“Hertz”) (NASDAQ: HTZ) between April 27, 2023 and April 24, 2024 (the “Class Period”) that they have until July 30, 2024 to contact the firm if they wish to seek lead plaintiff status in a pending class action lawsuit.
If you acquired Hertz shares during the Class Period and suffered a significant loss, contact Cohen Milstein Partner Steven J. Toll at (202) 408-4600 or stoll@cohenmilstein.com to discuss your legal rights and options, which include moving to be appointed lead plaintiff. You are not required to file a lead plaintiff motion to take part in the litigation as an absent class member.
Hertz operates as a vehicle rental company that offers internal combustion engine (“ICE”) vehicles and electric vehicles (“EVs”) for rental from locations in various countries. It also sells vehicles and provides other value-added services. A complaint filed May 31, 2024 in the U.S. District Court for the Middle District of Florida accuses the Company and certain current and former officers (“Defendants”) of violating Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
Specifically, the complaint alleges that: (i) Hertz downplayed the financial impact of vehicle depreciation, and/or overstated its ability to track and manage vehicle depreciation; (ii) demand for Hertz’s EVs was not as strong as Defendants had led investors to believe; and (iii) Hertz had too many vehicles, particularly EVs, in its fleet to remain profitable. The complaint further alleges that Hertz failed to disclose that it was likely to incur significant losses on the disposition of both its ICE vehicles and EVs, resulting in a significant negative impact on Hertz’s financial results.
If you would like to discuss your legal rights without any cost or obligation, please contact:
Steven J. Toll, Esq.
Cohen Milstein Sellers & Toll PLLC
1100 New York Avenue, N.W., Fifth Floor
Washington, D.C. 20005
Telephone: (888) 240-0775 or (202) 408-4600
Email: stoll@cohenmilstein.com
With more than 100 attorneys in eight offices, Cohen Milstein is one of the largest plaintiff-side law firms with more than 50 years of experience litigating securities fraud cases. We have recovered billions of dollars to investors, including $1 billion last year as co-lead counsel in In re Wells Fargo & Company Securities Litigation, and are perennially recognized as one of the best securities practice groups in the country by legal publications such as The National Law Journal, Law360, Chambers USA, and The Legal 500.
Prior results do not guarantee a similar outcome. This may be considered Attorney Advertising.
# # #