Portnoy Law Firm Announces Class Action on Behalf of Hertz Global Holdings, Inc. Investors
Portnoy Law Firm announced a class action lawsuit on behalf of Hertz investors who purchased securities between February 19, 2025, and May 12, 2026. The complaint alleges Hertz misled investors regarding its liquidity and the softness of the used-car market, which reportedly contributed to a dilutive capital raise and a subsequent drop in stock price of over 40% in June 2026.
Key figures
- Alleged coupon
- 6.75%
- Class period end
- May 12, 2026
- Class period start
- February 19, 2025
- Alleged stock decline
- >40%
- Alleged exchange price
- $3.58
- Alleged notes offering
- $300 million
- Alleged shares offered
- >37 million
- Lead plaintiff deadline
- September 22, 2026
- Alleged upsized offering
- $350 million (up to $400 million)
- Alleged public sale price
- $2.70
- Alleged q2 ebitda guidance
- $50 million - $80 million
- Alleged projected liquidity
- $1.5 billion
AI analysis
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