SueWallSt Reminds Shareholders of a Lead Plaintiff Deadline of September 29, 2026 in Pentwater Capital Management LP Lawsuit - CAR
SueWallSt, a brand of plaintiff firm Levi & Korsinsky LLP, is reminding purchasers of Avis Budget Group (NASDAQ: CAR) securities of a September 29, 2026 lead plaintiff deadline in a securities class action against Pentwater Capital Management LP and its CEO Matthew Halbower. The complaint alleges Pentwater built a stake of up to 22.2% of Avis, drove the stock up more than 400%, then sold 4.3 million shares for gross proceeds of $1.75 billion over two April sessions; CAR fell 74.51% to close at $182.005 on April 28, 2026.
Key figures
- Peak close
- 713.97
- Shares sold
- 4.3 million (April 22-23, 2026)
- Class period
- February 20, 2025 to April 21, 2026
- Legal claims
- Exchange Act Sections 9(a) and 10(b), Rule 10b-5, M.D. Florida
- Intraday high
- 765.94
- Total decline
- -74.51% (-$531.97 to $182.005 by April 28, 2026)
- Single day drop
- -37.82% (-$270.03 to $443.94 on April 22, 2026)
- Gross sale proceeds
- $1.75 billion
- Section16b settlement
- $650,000,000, subject to court approval
- Lead plaintiff deadline
- September 29, 2026
- Pentwater peak ownership
- 22.2% (7,824,100 shares plus 775,800 option shares)
AI analysis
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