Kessler Topaz Meltzer & Check, LLP has filed a securities fraud class action lawsuit against Hertz Global Holdings, Inc. on behalf of investors who purchased Hertz common stock between May 7, 2026 and June 23, 2026. The lawsuit, filed in the United States District Court for the Middle District of Florida, alleges that Hertz made materially false and misleading statements about its liquidity and the impact of used-car market softness, and failed to disclose that it was likely to undertake a dilutive, distressed capital raise. On June 24, 2026, Hertz announced a $300 million notes offering and a share-lending offering of more than 37 million shares, while also disclosing that unexpected used-car market softness would drive second-quarter Adjusted Corporate EBITDA down to a range of $50 million to $80 million, causing the stock to drop more than 40% to close at $3.00 per share. Investors have until September 22, 2026 to seek lead plaintiff status.
Hertz Global Holdings IncSecurities fraud class action lawsuit alleges false statements about liquidity and used-car market impact, leading to stock drop.
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