Investors can Contact the law firm free of charge to learn more about recovering their losses
LOS ANGELES, July 10, 2024 (GLOBE NEWSWIRE) — The Portnoy Law Firm advises investors of Hertz Global Holdings, Inc. (“Hertz” or the “Company”) (NASDAQ: HTZ) that a class action lawsuit has been filed on behalf of investors. Hertz investors who lost money on their investment are encouraged to contact Lesley Portnoy, Esq.
Investors who purchased and/or sold shares between April 27, 2023 and April 24, 2024 are encouraged to contact Attorney Lesley F. Portnoy by phone at 310-692-8883 or by email at [email protected] to discuss their legal claims or click here to join the case at www.portnoylaw.com. The Portnoy Law Firm can provide a free case evaluation and discuss investors’ options for pursuing claims to recover their losses.
According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Hertz downplayed the financial impact of the vehicles’ depreciation and/or exaggerated its ability to track and manage the vehicles’ depreciation; (2) demand for Hertz’s electric vehicles (“EVs”) was not as strong as defendants led investors to believe; (3) Hertz had too many vehicles, particularly EVs, in its fleet to remain profitable; (4) as a result of all of the above, Hertz was likely to incur significant losses on the sale of both its internal combustion engine (“ICE”) vehicles and its EVs; (5) all of the above was likely to have, and did, have, a material adverse effect on Hertz’s financial results; and (6) as a result, Hertz’s public statements were materially false and misleading at all relevant times. When the true details became available to the market, the lawsuit alleges, investors suffered harm.
Please visit our website to review further information and submit your transaction information.
The Portnoy Law Firm represents investors in claims arising from corporate malpractice. The firm’s founding partner has recovered more than $5.5 billion for injured investors. Attorney Advertising. Past results do not guarantee similar results.
Lesley F. Portnoy, Esq.
Admitted to the bar in California and New York
[email protected]
310-692-8883
www.portnoylaw.com
Lawyer advertising
