Pomerantz Law Firm Announces the Filing of a Class Action on Behalf of Investors in Avis Budget Group, Inc. – CAR

Pomerantz Law Firm has filed a class action lawsuit on behalf of Avis Budget Group investors, alleging that Pentwater Capital Management and CEO Matthew Halbower orchestrated a market manipulation scheme. Pentwater, holding approximately 51% of Avis through stocks and swaps, allegedly triggered a short squeeze that drove Avis stock from $147.52 to $765.94 (419% increase) in April 2026, only to collapse 74.51% after Pentwater sold 4.3 million shares. Pentwater agreed to pay Avis $650 million to settle alleged short-swing profits violations.