SueWallSt Reminds Shareholders of a Lead Plaintiff Deadline of September 29, 2026 in Pentwater Capital Management LP Lawsuit - CAR
SueWallSt reminded CAR shareholders of a September 29, 2026 deadline to seek lead plaintiff status in a class action against Pentwater Capital Management. The suit alleges Pentwater manipulated Avis shares, driving them up over 400% before selling 4.3 million shares for $1.75 billion in April 2026. The complaint outlines a sequence of accumulation and liquidation that allegedly caused a 74.5% stock price decline from late April peaks. The release notes that Avis previously disclosed a $650 million settlement of its own Section 16(b) claims related to short-swing profits.
Key figures
- Alleged proceeds
- $1.75 billion
- Alleged shares sold
- 4.3 million
- Section 16b settlement
- $650,000,000
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