CAR Deadline Alert: SueWallSt Reminds Pentwater Capital Management LP (CAR) Investors of Securities Class Action Deadline on September 29, 2026
SueWallSt, a platform powered by plaintiff firm Levi & Korsinsky LLP, is alerting Avis Budget Group (CAR) investors to the September 29, 2026 deadline to apply for lead plaintiff status in a securities class action pending in the Middle District of Florida. The complaint targets Pentwater Capital Management LP and its founder Matthew Halbower, alleging they built a 51% economic interest in Avis, contributed to a short squeeze that inflated the price, then dumped 4.3 million shares for $1.75 billion in gross proceeds on April 22-23, 2026, before the stock collapsed from a $765.94 peak to $182.005 by April 28.
Key figures
- One day decline
- -37.82% to $443.94
- Peak share price
- $765.94 on April 21, 2026 (FAQ section cites $713.97 peak close)
- Post decline close
- $182.005 on April 28, 2026
- Gross sale proceeds
- $1.75 billion (April 22-23, 2026 sales)
- Shares allegedly sold
- 4.3 million shares
- Section 16b settlement
- $650 million
- Halbower personal stake
- 4,327,200 shares (12.3%) as of March 6, 2026; 7,824,100 shares (22.2%) as of April 7, 2026
- Lead plaintiff deadline
- September 29, 2026
- Pentwater economic interest
- 51% via stock and cash-settled swaps by March 2026
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.