The Schall Law Firm has launched an investigation into Hertz Global Holdings for potential securities law violations. The probe centers on whether Hertz issued false or misleading statements or failed to disclose material information to investors. On June 24, 2026, Hertz announced that its wholly-owned indirect subsidiary, The Hertz Corporation, intends to offer $300 million in aggregate principal amount of Exchangeable Senior First-Lien Secured PIK Notes due 2030 in a private offering, with proceeds for general corporate purposes including debt repayment. Following the announcement, Hertz shares fell by more than 40.7% on the same day. The law firm is encouraging shareholders who suffered losses to contact them to discuss their rights.
Hertz Global Holdings IncInvestigation for securities fraud and 40.7% share price drop after announcement of $300M notes offering.