LOS ANGELES, July 16, 2024 /PRNewswire/ — The DJS Law Group reminds investors of a class action lawsuit against Hertz Global Holdings, Inc. (“Hertz” or “the Company”) (NASDAQ:HTZ) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Shareholders who purchased shares of HTZ during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.
CLASS PERIOD: April 27, 2023 to April 24, 2024
DEADLINE: July 30, 2024
CASE DETAILS: The complaint alleges that the Company made false and misleading statements to the market. Hertz downplayed the impact on its business of vehicle depreciation. The Company overstated its customers’ demand for the rental of electric vehicles (“EVs”). The Company maintained too many EVs in its fleet to remain profitable. The Company was likely to suffer material losses on the disposition of EVs as well as traditional gas-powered vehicles. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Hertz, investors suffered damages.
NEXT STEPS FOR SHAREHOLDERS: Please contact the managing partner of DJS Law Group, David Schwartz, at [email protected]
WHY DJS LAW GROUP? DJS Law Group’s primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: [email protected]
SOURCE DJS Law Group LLP
