Pomerantz LLP has filed a class action lawsuit against Hertz Global Holdings, Inc. over potential securities fraud. The suit follows Hertz's June 24, 2026 announcement of a $300 million Exchangeable Senior First-Lien Secured PIK Notes offering and a concurrent share-lending of over 37 million common shares, alongside a disclosure that second-quarter Adjusted Corporate EBITDA would fall to between $50 million and $80 million due to unexpected used car market softness. That day, Hertz's stock dropped $2.06 per share, or 40.71%, to close at $3.00. Investors who acquired Hertz securities during the class period have until September 22, 2026 to seek appointment as Lead Plaintiff.
Hertz Global Holdings IncCompany disclosed weak Q2 EBITDA guidance and stock dropped 40.71% on the news, leading to securities fraud lawsuit.
