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, ...

Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Hertz To Contact Him Directly To Discuss Their Options If you purchased or acquired securities investing in Hertz stock or options between April 27, 2023 and April 24, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: www.faruqilaw.com/HTZ. NEW YORK, July 19, 2024 /PRNew ...

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].

RADNOR, Pa., July 16, 2024 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed in the United States District Court for the Middle District of Florida against Hertz Global Holdings, Inc. ("Hertz") (NASDAQ: HTZ). 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 ...

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, of approximately $245 million of incremental net depreciation expense related to the sale[,]" which "represents the write down of the EVs' carrying values as of Decembe ...

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. 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 life ...

company Q Aviation and launched Valkyrie BTO Aviation, a commercial aircraft investment company for Blackstone where he most recently served as President and Chief Executive Officer. Mike Moore, Executive Vice President, Technical Operations, will lead all aspects of Hertz's fleet maintenance. Due to his over 25 years of experience managing fleet operations and maintenance, Moore has expertise in overseeing operations and delivering process improvements that reduce costs and drive enhanced financial perform ...