Core Viewpoint - Rosen Law Firm is reminding investors who purchased Hertz Global Holdings, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline on July 30, 2024, for a class action lawsuit [1]. Group 1: Class Action Details - A class action lawsuit has been filed against Hertz, alleging that the company made false and misleading statements regarding its financial health and vehicle management practices [9]. - The lawsuit claims that Hertz downplayed the financial impact of vehicle depreciation and overstated its ability to manage it, leading to significant losses [9]. - Investors who purchased Hertz securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [8]. Group 2: Legal Representation - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions, as many firms may lack the necessary experience [2]. - The firm has achieved significant settlements in the past, including over $438 million for investors in 2019, and has been consistently ranked among the top firms in securities class action settlements [2]. Group 3: Next Steps for Investors - Investors interested in joining the Hertz class action can do so by submitting a form or contacting the firm directly, with the lead plaintiff motion deadline set for July 30, 2024 [6]. - It is noted that until a class is certified, investors are not represented by counsel unless they retain one, and they can choose to remain absent from the class [7].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Hertz Global Holdings, Inc. due to allegations of violations of federal securities laws related to misleading statements about the company's business and financial health [1][2]. Summary by Relevant Sections Allegations Against Hertz - The complaint alleges that Hertz and its executives made materially false and misleading statements regarding the company's operations, including downplaying the financial impact of vehicle depreciation and overstating demand for electric vehicles (EVs) [2]. - Specific claims include that Hertz had too many vehicles in its fleet, particularly EVs, which would lead to significant losses on vehicle dispositions and negatively impact financial results [2]. Stock Price Impact - Following the news of the allegations, Hertz's stock price fell by $1.12 per share, or 19.31%, closing at $4.68 per share on April 25, 2024 [3]. - Additionally, on January 11, 2024, Hertz's stock price decreased by $0.40 per share, or 4.28%, closing at $8.95 per share [6]. Financial Disclosures - Hertz announced plans to sell approximately 20,000 EVs, which would result in a $245 million increase in net depreciation expense for the fourth quarter of 2023 [11]. - In its first quarter 2024 results, Hertz reported an adjusted diluted earnings-per-share of -$1.28, significantly below the consensus estimate of -$0.43, and a $588 million increase in vehicle depreciation, primarily due to losses on internal combustion engine (ICE) vehicles and EVs [11].

If you suffered Hertz losses, you may CLICK HERE or go to: https://www.ktmc.com/new-cases/hertz-globalholdings-inc?utm_source=PR&utm_medium=link&utm_campaign=htz&mktm=r On January 11, 2024, Hertz revealed in a filing with the SEC that it would sell approximately 20,000 electric vehicles ("EVs") from its U.S. fleet, or about one-third of its global EV fleet, "to better balance supply against expected demand of EVs." According to Hertz, this would "result in the recognition, during the fourth quarter of 2023, ...

If you suffered Hertz losses, you may CLICK HERE or go to: https://www.ktmc.com/new-cases/hertz-globalholdings-inc?utm_source=PR&utm_medium=link&utm_campaign=htz&mktm=r On January 11, 2024, Hertz revealed in a filing with the SEC that it would sell approximately 20,000 electric vehicles ("EVs") from its U.S. fleet, or about one-third of its global EV fleet, "to better balance supply against expected demand of EVs." According to Hertz, this would "result in the recognition, during the fourth quarter of 2023, ...

Core Viewpoint - The article discusses ongoing legal investigations and potential claims against Hertz Global Holdings, Inc. due to alleged violations of federal securities laws, particularly concerning misleading statements about the company's financial health and vehicle depreciation issues [2][3]. Group 1: Legal Investigation and Claims - Faruqi & Faruqi, LLP is investigating potential claims against Hertz and reminds investors of the July 30, 2024 deadline to seek the role of lead plaintiff in a federal securities class action [2]. - The complaint alleges that Hertz and its executives made materially false and misleading statements regarding the company's business operations and prospects, particularly about vehicle depreciation and demand for electric vehicles (EVs) [3]. Group 2: Financial Performance and Impact - On January 11, 2024, Hertz announced plans to sell approximately 20,000 EVs, leading to an expected $245 million increase in net depreciation expense for the fourth quarter of 2023 [4]. - Following the announcement, Hertz's stock price fell by $0.40 per share, or 4.28%, closing at $8.95 per share [4]. - In its first quarter 2024 results, Hertz reported an adjusted diluted EPS of -$1.28, significantly below the consensus estimate of -$0.43 and down from $0.39 in the same period the previous year [5]. - Vehicle depreciation increased by $588 million, or $339 per unit, primarily due to losses on internal combustion engine (ICE) vehicles and EVs [5]. - Hertz's stock price further declined by $1.12 per share, or 19.31%, closing at $4.68 per share on April 25, 2024, following the release of its disappointing financial results [6].

NEW YORK, July 18, 2024 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Hertz Global Holdings, Inc. (NASDAQ: HTZ) between April 27, 2023 and April 24, 2024, both dates inclusive (the "Class Period"), of the important July 30, 2024 lead plaintiff deadline. So what: If you purchased Hertz securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. Wha ...

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Hertz Global Holdings, Inc. securities between April 27, 2023, and April 24, 2024, of the July 30, 2024, lead plaintiff deadline for a class action lawsuit [1] Group 1: Class Action Details - Investors who purchased Hertz securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1] - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by July 30, 2024 [2] - The Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions [3] Group 2: Allegations Against Hertz - The lawsuit alleges that Hertz made false and misleading statements regarding the financial impact of vehicle depreciation and overstated its ability to manage it [4] - It is claimed that demand for Hertz's electric vehicles was not as strong as represented, and the company had an excess of vehicles in its fleet, particularly EVs, which affected profitability [4] - The lawsuit asserts that these misrepresentations led to significant financial losses for Hertz, impacting its overall financial results [4]

ATLANTA, July 17, 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 Viewpoint - A class action lawsuit has been filed against Hertz Global Holdings, Inc. for allegedly misleading investors regarding the financial impact of vehicle depreciation and demand for electric vehicles (EVs) [4][7]. Group 1: Allegations and Financial Impact - The complaint alleges that Hertz downplayed the financial impact of vehicle depreciation and overstated its ability to manage it [4]. - It is claimed that demand for Hertz's EVs was not as strong as represented to investors [4]. - Hertz reportedly had an excess of vehicles, particularly EVs, which affected profitability [4]. - As a result of these issues, Hertz is expected to incur significant losses on both internal combustion engine (ICE) and EV vehicles [4]. - The overall impact of these factors has been significant on Hertz's financial results [4]. Group 2: Financial Results and Market Reaction - On April 24, 2024, Hertz announced its Q1 2024 results, reporting an adjusted diluted earnings-per-share (EPS) of -$1.28, significantly below the consensus estimate of -$0.43 and down from an adjusted diluted EPS of $0.39 in the same period the previous year [9]. - Vehicle depreciation increased by $588 million in the quarter, translating to a $339 per unit increase, primarily due to lower estimated forward residual values and losses on ICE vehicles [9]. - Of the $339 per unit increase, $119 was attributed to EVs held for sale [9]. - Hertz also reported a $195 million charge to vehicle depreciation to adjust the value of EVs held for sale and recognize losses on sold EVs [9]. - Following the announcement, Hertz's stock price fell by $1.12 per share, or 19.31%, closing at $4.68 on April 25, 2024 [9].

Core Viewpoint - A securities class action lawsuit has been filed against Hertz Global Holdings, Inc. for alleged violations of federal securities laws, including fraudulent misrepresentations and omissions regarding the company's business and operations, leading to significant investor losses [1]. Financial Performance - Hertz reported an 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 period the previous year [3]. - The company experienced a $588 million increase in vehicle depreciation, equating to $339 per unit, primarily due to deteriorating estimated forward residual values and losses on internal combustion engine vehicles [3]. - Hertz recognized a $195 million charge to vehicle depreciation for writing down electric vehicles (EVs) held for sale to fair value [3]. Stock Market Reaction - Following the announcement of the Q1 2024 results, Hertz's stock price fell by $1.12, or 19.31%, closing at $4.68 per share on April 25, 2024 [12]. - Earlier, on January 11, 2024, Hertz's stock price dropped by $0.40, or 4.28%, to close at $8.95 per share after announcing the sale of approximately 20,000 EVs from its fleet [7]. Management Changes - Hertz's CEO and Chairman of the Board announced their resignation, with a new CEO appointed shortly thereafter [8].