Hertz Global Holdings, Inc. Investors: Class action lawsuit filed on behalf of investors; the Portnoy Law Firm
Investors can contact the law firm at no cost to learn more about recovering their losses
/EIN News/ -- LOS ANGELES, June 29, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Hertz Global Holdings, Inc. (“Hertz” or the “Company”) (NASDAQ: HTZ) investors that a class action has been filed on behalf of investors. Hertz investors that lost money on their investment are encouraged 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, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Hertz had downplayed the financial impact of vehicle depreciation, and/or overstated its ability to track and manage vehicle depreciation; (2) demand for Hertz's electric vehicles ("EVs") was not as strong as defendants had led investors to believe; (3) Hertz had too many vehicles, particularly EVs, in its fleet to remain profitable; (4) as a result of all the foregoing, Hertz was likely to incur significant losses on the disposition of both its internal combustion engine ("ICE") vehicles and EVs; (5) all the foregoing was likely to, and did, have a significant negative impact 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 true details entered the market, the lawsuit claims that investors suffered damages.
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The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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