NEW YORK, June 17, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Hertz Global Holdings, Inc. (NASDAQ: HTZ). Shareholders who purchased shares of HTZ during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/hertz-global-holdings-inc-loss-submission-form/?id=85499&from=4 CLASS PERIOD ...

Investors who purchased Hertz stock may move the U.S. District Court for the Middle District of Florida to appoint them as lead plaintiff, no later than July 30, 2024. Please contact Edelson Lechtzin LLP at 844-696- 7492 to discuss your investment losses, or by e-mail at elechtzin@edelson-law.com. A copy of the class action complaint can be viewed HERE. The lead plaintiff is a court-appointed representative of a class of purchasers of securities in a class action under the federal securities fraud laws. The ...

NEW YORK, June 10, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Hertz Global Holdings, Inc. (NASDAQ: HTZ). CLASS PERIOD: April 27, 2023 to April 24, 2024 NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of HTZ during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is July 30, 2024 ...

RADNOR, Pa., June 7, 2024 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against Hertz Global Holdings, Inc. ("Hertz") (NASDAQ: HTZ) in the United States District Court for the Middle District of Florida. The action charges Hertz with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company's business, operations, and prospects. As a resul ...

Do you, or did you, own shares of Hertz Global Holdings, Inc. (NASDAQ: HTZ)? Did you lose money in your investment in Hertz Global Holdings, Inc.? Bernstein Liebhard LLP announces that a securities class action lawsuit has been filed on behalf of investors who purchased or acquired the securities of Hertz Global Holdings, Inc. ("Hertz" or the "Company") (NASDAQ: HTZ) between April 27, 2023 and April 24, 2024, inclusive (the "Class Period"). The lawsuit was filed in the United States District Court for the M ...

On the plus side, Hertz has plenty of EVs that it's motivated to sell at what it calls no-haggle prices. "Our EVs can be found nationwide in most major metros and averaging around $25,000," said a Hertz spokesperson in an email. All of the Hertz-certified vehicles are given a 115-point inspection and include a 12-month/12,000-mile (whichever comes first) limited powertrain warranty. Hertz also offers vehicle protection plans that last beyond the warranty, as well as a seven-day or 250-mile buy-back guarante ...

Core Viewpoint - Hertz Global Holdings, Inc. is facing a class action securities lawsuit due to alleged securities fraud that negatively impacted investors between April 27, 2023, and April 24, 2024 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that Hertz downplayed the financial impact of vehicle depreciation and overstated its ability to manage it [2]. - It is alleged that the demand for Hertz's electric vehicles (EVs) was not as strong as represented to investors [2]. - The company reportedly had an excess of vehicles, particularly EVs, which could hinder profitability [2]. - As a result of these issues, Hertz is expected to incur significant losses on the sale of both internal combustion engine (ICE) vehicles and EVs [2]. - The aforementioned factors are said to have had a substantial negative impact on Hertz's financial results, rendering the company's public statements materially false and misleading [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until July 30, 2024, to request appointment as lead plaintiff [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [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 leading securities litigation firms in the United States [4].

Core Viewpoint - A class action lawsuit has been filed against Hertz Global Holdings, Inc. for allegedly misleading investors about the financial impact of vehicle depreciation and demand for electric vehicles (EVs) [1][2]. Group 1: Allegations - The lawsuit claims that Hertz downplayed the financial impact of vehicle depreciation and overstated its ability to manage it [2]. - It is alleged that demand for Hertz's EVs was not as strong as represented to investors [2]. - The company reportedly had an excess of vehicles, particularly EVs, which could jeopardize profitability [2]. - As a result of these factors, Hertz is expected to incur significant losses on both internal combustion engine (ICE) and EV vehicles [2]. Group 2: Financial Results - On April 24, 2024, Hertz reported an adjusted diluted earnings-per-share (EPS) of -$1.28 for Q1 2024, significantly below the consensus estimate of -$0.43 and a decline from the adjusted diluted EPS of $0.39 in the same quarter the previous year [3]. - Vehicle depreciation increased by $588 million in the quarter, translating to $339 per unit, primarily due to lower estimated forward residual values and losses on ICE vehicles [3]. - Of the $339 per unit increase in depreciation, $119 was attributed to EVs held for sale [3]. - Hertz also recorded a $195 million charge to vehicle depreciation to adjust the value of EVs held in inventory to fair value and to recognize losses on EVs sold during the period [3]. - Following the announcement of these results, Hertz's stock price fell by $1.12 per share, or 19.31%, closing at $4.68 on April 25, 2024 [3].

ATLANTA, June 03, 2024 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against Hertz Global Holdings, Inc. ("Hertz" or the "Company") (NASDAQ: HTZ). The lawsuit alleges that Defendants made materially false and misleading statements and/or failed to disclose material adverse information regarding the Company's business, operations, and prospects, including allegations that: (i) Hertz had downplayed the financial impact of vehicle depreciation, and/or overstated its ability to track and ...

Core Insights - Hertz Global Holdings has appointed Scott M. Haralson as the new Chief Financial Officer, effective by the end of June 2024, succeeding Alexandra Brooks who is leaving for other opportunities [1][2] - Haralson brings over 25 years of experience in financial management and corporate finance, having previously served as CFO of Spirit Airlines and held key roles in other transportation companies [2][3] - The company is focusing on improving financial performance through fleet rotation, operational excellence, cost discipline, and enhancing profitability [2] Company Leadership Changes - Alexandra Brooks will remain with Hertz until the end of June to ensure a smooth transition for Haralson [1][3] - Justin Keppy, the Chief Operating Officer, has also resigned from the company effective June 3, 2024 [3] Company Overview - Hertz operates several vehicle rental brands including Hertz, Dollar, and Thrifty across various global markets [4] - The company is recognized as one of the largest vehicle rental companies worldwide and also owns the Firefly rental brand and Hertz 24/7 car sharing business [4]