Avis Budget Group(CAR)

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AVIS DEADLINE TODAY: ROSEN, LEADING INVESTOR COUNSEL, Encourages Avis Budget Group, Inc. Investors to Secure Counsel Before Important June 24 Deadline in Securities Class Action - CAR
GlobeNewswire News Room· 2025-06-24 14:05
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Avis Budget Group, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][3]. Group 1: Class Action Details - Investors who purchased Avis Budget securities between February 13, 2024, and February 10, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by June 24, 2025 [3]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions, highlighting its own achievements, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has consistently ranked in the top 4 for securities class action settlements since 2013 and recovered hundreds of millions of dollars for investors, securing over $438 million in 2019 alone [4]. Group 3: Case Allegations - The lawsuit alleges that during the Class Period, Avis Budget made false and misleading statements regarding its fleet rotation plan, which significantly shortened the useful life of its vehicles, leading to billions in impairment charges and substantial losses [5]. - The claims suggest that these misstatements had a significant negative impact on Avis Budget's financial results and overstated its business prospects [5].
Levi & Korsinsky Reminds Avis Budget Group, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of June 24, 2025 - CAR
Prnewswire· 2025-06-24 13:00
Core Viewpoint - Avis Budget Group, Inc. is facing a class action securities lawsuit due to alleged securities fraud that occurred between February 13, 2024, and February 10, 2025, which has adversely affected investors [1][2]. Group 1: Allegations and Impact - The lawsuit claims that Avis Budget implemented a plan to significantly accelerate its fleet rotation in Q4 2024, which shortened the useful life of most vehicles in the Americas segment, leading to reduced recoverable value [2]. - As a result of the accelerated fleet rotation, Avis Budget is expected to recognize billions of dollars in impairment charges and incur substantial losses, negatively impacting the company's financial results [2]. - The allegations suggest that the company's financial and business prospects were overstated, making the public statements materially false and misleading during the relevant period [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until June 24, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, indicating no financial obligation to participate in the lawsuit [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years and consistently ranking among the top securities litigation firms in the U.S. [4].
Canadian Apartment Properties: Not The Cheapest, But Still A Buy
Seeking Alpha· 2025-06-24 07:44
Group 1 - The article focuses on the Canadian residential real estate market, which is not typically on the radar of US investors [1] - The author, Rob Isbitts, emphasizes a non-traditional approach to income investing and aims to guide a community of investors through the modern investment climate [2] Group 2 - The article does not provide any specific financial data or performance metrics related to the Canadian residential real estate market [1][2]
CAR Investors Have Final Opportunity to Lead Avis Budget Group, Inc. Securities Fraud Lawsuit with the Schall Law Firm
Prnewswire· 2025-06-24 06:48
Core Viewpoint - A class action lawsuit has been initiated against Avis Budget Group, Inc. for alleged violations of securities laws, with a final deadline for investors to join the case set for June 24, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit pertains to securities purchased between February 16, 2024, and February 10, 2025, during which the company allegedly made false and misleading statements regarding its fleet management strategy [2][4]. - Avis Budget's plan to accelerate its fleet rotation in Q4 2024 is claimed to have shortened the useful life of its vehicles, leading to significant impairment charges and losses [4]. Group 2: Investor Actions - Investors who suffered losses are encouraged to contact the Schall Law Firm to discuss their rights and potentially participate in the class action [2][3]. - The class has not yet been certified, meaning that until certification occurs, investors are not represented by an attorney [3].
Avis Budget Group, Inc. Investors: Please contact the Portnoy Law Firm to recover your losses. June 24, 2025 Deadline to file Lead Plaintiff Motion.
GlobeNewswire News Room· 2025-06-23 20:55
Core Viewpoint - Avis Budget Group, Inc. is facing a class action lawsuit due to alleged misleading statements and undisclosed information regarding its fleet rotation strategy, which resulted in significant financial losses and impairment charges [2][3]. Group 1: Class Action Details - The class action lawsuit represents investors who purchased Avis securities between February 16, 2024, and February 10, 2025 [1]. - The lawsuit claims that Avis Budget's aggressive fleet rotation plan led to a significant reduction in the useful life of its vehicles, resulting in billions of dollars in impairment charges [2]. Group 2: Financial Impact - Avis Budget reported a quarterly loss of $1.96 billion, or $55.66 per share, for the fourth quarter of 2024, a stark contrast to a profit of $259 million, or $7.10 per share, in the same period the previous year [3]. - The loss was attributed to a change in strategy that significantly accelerated fleet rotations, leading to a one-time non-cash impairment of $2.3 billion and additional non-cash charges of $180 million [3]. Group 3: Management Changes - Following the financial report, Avis Budget announced that CEO Joseph A. Ferraro would step down, transitioning to a Board Advisor role, with Brian Choi set to become the new CEO on July 1, 2025 [3]. - The announcement of the management change contributed to a nearly 7% drop in Avis Budget's stock price [3].
Avis Budget Group, Inc. Class Action: The Gross Law Firm Reminds Avis Budget Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of June 24, 2025 – CAR
GlobeNewswire News Room· 2025-06-23 20:00
Core Viewpoint - Avis Budget Group, Inc. is facing a class action lawsuit due to allegations of issuing materially false and misleading statements regarding its fleet rotation plan and its financial implications [3][4]. Group 1: Allegations - The complaint alleges that during the class period from February 13, 2024, to February 10, 2025, Avis Budget implemented a plan to significantly accelerate its fleet rotation in Q4 2024 [3]. - This acceleration reportedly shortened the useful life of the majority of the company's vehicles in the Americas segment, leading to a reduction in their recoverable value [3]. - As a result, Avis Budget is expected to recognize billions of dollars in impairment charges and incur substantial losses, negatively impacting the company's financial results [3]. Group 2: Financial Impact - The allegations suggest that the financial and business prospects of Avis Budget were overstated, which misled investors regarding the company's true performance [3]. - The public statements made by the defendants were materially false and misleading at all relevant times, contributing to the artificial inflation of the company's stock [3]. Group 3: Next Steps for Shareholders - Shareholders who purchased shares during the specified class period are encouraged to register for the class action by June 24, 2025, to potentially become lead plaintiffs [4]. - Once registered, shareholders will be enrolled in a portfolio monitoring software to receive updates throughout the lifecycle of the case [4].
Anixa Biosciences Initiates Dosing in Fourth Cohort in its Ovarian Cancer CAR-T Clinical Trial
Prnewswire· 2025-06-23 12:00
SAN JOSE, Calif., June 23, 2025 /PRNewswire/ -- Anixa Biosciences, Inc. ("Anixa" or the "Company") (NASDAQ: ANIX), a biotechnology company focused on the treatment and prevention of cancer, today announced that it has dosed its first patient in the fourth dosage cohort in the ongoing Phase 1 clinical trial evaluating its novel chimeric antigen receptor-T cell (CAR-T) therapy for recurrent ovarian cancer. The study is being conducted through a research partnership with Moffitt Cancer Center ("Moffitt") under ...
Investors who lost money on Avis Budget Group, Inc.(CAR) should contact Levi & Korsinsky about pending Class Action - CAR
Prnewswire· 2025-06-20 13:00
Core Viewpoint - Avis Budget Group, Inc. is facing a class action securities lawsuit due to alleged securities fraud that occurred between February 16, 2024, and February 10, 2025 [1][2] Group 1: Allegations and Impact - The lawsuit claims that Avis Budget implemented a plan to significantly accelerate its fleet rotation in Q4 2024, which shortened the useful life of most vehicles in the Americas segment [2] - This acceleration is alleged to have reduced the recoverable value of the vehicles, leading to billions of dollars in impairment charges and substantial losses for the company [2] - As a result, the financial and business prospects of Avis Budget were overstated, and the public statements made by the defendants were materially false and misleading [2] Group 2: Legal Process and Participation - Investors who suffered losses during the relevant time frame have until June 24, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees, and there is no obligation to participate [3] Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and has extensive expertise in complex securities litigation [4] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the top securities litigation firms in the United States [4]
Shareholders of Avis Budget Group, Inc. Should Contact The Gross Law Firm Before June 24, 2025 to Discuss Your Rights - CAR
Prnewswire· 2025-06-19 13:00
Core Viewpoint - Avis Budget Group, Inc. is facing allegations of issuing materially false and misleading statements regarding its fleet rotation plan, which has led to significant financial implications for the company [1]. Group 1: Allegations and Financial Impact - The complaint alleges that Avis Budget implemented a plan to significantly accelerate its fleet rotation in Q4 2024, which shortened the useful life of most vehicles in the Americas segment [1]. - This acceleration resulted in the company being forced to recognize billions of dollars in impairment charges and incur substantial losses [1]. - The financial and business prospects of Avis Budget were overstated, leading to a significant negative impact on the company's financial results [1]. Group 2: Class Action Details - The class period for the allegations is from February 16, 2024, to February 10, 2025, and shareholders are encouraged to register for the class action [1][2]. - The deadline for shareholders to seek lead plaintiff status is June 24, 2025, and there is no cost or obligation to participate in the case [2]. Group 3: Law Firm's Commitment - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors who have suffered due to deceit and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements [3].
CAR FINAL DEADLINE: ROSEN, SKILLED INVESTOR COUNSEL, Encourages Avis Budget Group, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important June 24 Deadline in Securities Class Action - CAR
GlobeNewswire News Room· 2025-06-19 01:20
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Avis Budget Group, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline on June 24, 2025 [1]. Group 1: Class Action Details - Investors who purchased Avis Budget securities between February 13, 2024, and February 10, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by June 24, 2025 [3]. - Investors can join the class action by visiting the provided link or contacting the law firm directly for more information [6]. Group 2: Law Firm Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions, highlighting its own achievements in this area [4]. - The firm has secured significant settlements for investors, including over $438 million in 2019 alone, and has been consistently ranked among the top firms for securities class action settlements [4]. Group 3: Case Allegations - The lawsuit alleges that during the Class Period, Avis Budget made false and misleading statements regarding its fleet rotation plan, which negatively impacted the value of its vehicles and led to billions in impairment charges [5]. - The claims suggest that these misstatements resulted in significant financial losses for investors when the true situation was revealed [5].