Rosen Law Firm has filed a securities class action lawsuit on behalf of purchasers of Avis Budget Group, Inc. securities between February 20, 2025 and April 21, 2026. The suit alleges that Pentwater Capital Management LP and its CEO Matthew Halbower manipulated the market for Avis securities, triggering a short squeeze that inflated the value of Pentwater's holdings. Pentwater held a total economic interest of approximately 51% of Avis through stocks and cash-settled swaps as of March 2026. Investors who purchased Avis securities during the class period have until September 29, 2026 to seek lead plaintiff status. The Rosen Law Firm notes it has recovered billions of dollars for investors and was ranked number one by ISS Securities Class Action Services for settlements in 2017.
Avis Budget Group IncSecurities class action lawsuit alleges market manipulation and short squeeze affecting Avis securities.
Lawsuit directly names Pentwater and CEO for alleged market manipulation.
