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Portnoy Law Firm Announces Class Action on Behalf of Hertz Global Holdings, Inc. Investors
GlobeNewswire Inc.·
A class action lawsuit has been filed against Hertz Global Holdings on behalf of investors who purchased securities between February 19, 2025 and May 12, 2026. The lawsuit alleges that Hertz made false statements about its liquidity position and concealed deteriorating conditions in the used-car market. The company announced a massive dilutive capital raise on June 24, 2026, causing the stock to decline over 40%, just weeks after assuring investors of sufficient liquidity.
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