ROSEN, NATIONAL TRIAL COUNSEL, Encourages Avis Budget Group, Inc. to Secure Counsel Before Important Deadline in Securities Class Action - CAR

Core Viewpoint - A class action lawsuit has been filed against Avis Budget Group, Inc. for misleading statements made during the Class Period from February 16, 2024, to February 10, 2025, which allegedly resulted in significant financial losses for investors [1][5]. Group 1: Lawsuit Details - The lawsuit claims that Avis Budget implemented a plan to accelerate fleet rotation in Q4 2024, which shortened the useful life of vehicles and reduced their recoverable value [5]. - As a result of the accelerated fleet rotation, Avis Budget is expected to recognize billions of dollars in impairment charges and incur substantial losses [5]. - The lawsuit alleges that the misleading statements made by the defendants overstated Avis Budget's financial and business prospects, leading to investor damages when the truth was revealed [5]. Group 2: Participation Information - Investors who purchased Avis Budget securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, investors can visit the provided link or contact the law firm for more information [3][5]. - A lead plaintiff must move the Court by June 24, 2025, to represent other class members in the litigation [1][3]. Group 3: Law Firm Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest against a Chinese company at the time [4]. - The firm has been consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions of dollars for investors [4]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in handling such cases [4].