Kahn Swick & Foti, LLC has notified investors in Avis Budget Group, Inc. of a September 29, 2026 deadline to apply for lead plaintiff in a securities class action lawsuit. The lawsuit, pending in the United States District Court for the Middle District of Florida, seeks to recover losses for investors who purchased or acquired Avis securities between February 20, 2025 and April 21, 2026. The complaint alleges that Pentwater Capital Management LP, one of Avis's largest shareholders with an approximate 51% total economic interest as of March 2026, engaged in a scheme to manipulate the market by aggressively purchasing Avis stock, triggering a short squeeze that drove the share price to an intraday high of $765.94 on April 21, 2026, before it collapsed by 74.51% to close at $182.005 on April 28, 2026. Investors who suffered losses may contact KSF Managing Partner Lewis Kahn to learn more about the case, Hakimian v. Pentwater Capital Management LP, et al., No. 26-cv-02275.
Avis Budget Group IncSecurities class action lawsuit alleges market manipulation by major shareholder, causing significant losses for investors.
