Hertz Global Holdings, Inc. Investors: Class Action Lawsuit

Investors can contact law firm for free to learn more about recovering losses

LOS ANGELES, June 24, 2024 (GLOBE NEWSWIRE) — Portnoy Law Firm informs Hertz Global Holdings, Inc. investors. (“Hertz” or the “Company”) (NASDAQ: HTZ) that an investor class action lawsuit has been filed on behalf of the company. We encourage Hertz investors who have lost money on their investment to contact Lesley Portnoy, Esq.

Investors who purchased and/or sold shares between April 27, 2023 and April 24, 2024 are encouraged to contact attorney Lesley F. Portnoy at 310-692-8883 or lesley @portnoylaw.com to discuss your rights, or click here to join the case via www.portnoylaw.com. Portnoy Law Firm can evaluate your case free of charge and discuss investors’ options for pursuing claims to recover their losses.

According to the lawsuit, defendants made false and/or misleading statements throughout the Complaint Period and/or failed to disclose that: (1) Hertz downplayed the financial impact of vehicle depreciation and/or overestimated its ability to track and manage vehicle depreciation; (2) demand for Hertz’s electric vehicles (“EVs”) was not as strong as defendant investors believed; (3) Hertz had too many vehicles in its fleet, particularly electric vehicles, to remain profitable; (4) as a result of all of the foregoing, Hertz is likely to have incurred significant losses in connection with the divestment of both internal combustion engine (“ICE”) and electric vehicles; (5) all of the foregoing could and did have a material adverse effect on Hertz’s financial results; and (6) as a result, Hertz’s public statements were materially false and misleading at all relevant times. When the real data hit the market, the lawsuit claimed that investors had suffered damages.

Please visit our website for additional information and to submit your transaction details.

Portnoy Law Firm represents investors in pursuing claims resulting from corporate irregularities. The company’s founding partner recovered over $5.5 billion for injured investors. Attorney advertising. Past performance does not guarantee similar results.

Lesley F. Portnoy, Esq.
Admitted to the bar in California and New York
[email protected]
310-692-8883
www.portnoylaw.com
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