Levi & Korsinsky Notifies Avis Budget Group, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline - CAR

Core Viewpoint - A class action securities lawsuit has been filed against Avis Budget Group, Inc. alleging securities fraud that negatively impacted investors between February 16, 2024, and February 10, 2025 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that Avis Budget implemented a plan to significantly accelerate its fleet rotation in Q4 2024 [2]. - This acceleration allegedly shortened the useful life of most vehicles in the Americas segment, reducing their recoverable value [2]. - As a result, Avis Budget is expected to recognize billions of dollars in impairment charges and incur substantial losses [2]. - The financial and business prospects of Avis Budget were overstated, leading to materially false and misleading public statements [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the relevant time frame have until June 24, 2025, to request appointment as lead plaintiff [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and there are no out-of-pocket costs for class members [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years [4]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].