Amir SohailNEW YORK, Aug. 10, 2026 (ZM NEWSWIRE) — Levi & Korsinsky, LLP notifies investors in Hertz Global Holdings, Inc. (NASDAQ: HTZ) that a class action lawsuit has been filed on behalf of shareholders who purchased securities between May 7, 2026 and June 23, 2026. Find out if you could qualify to recover your losses. Questions may be directed to Joseph E. Levi, Esq. at jlevi@levikorsinsky.com or (212) 363-7500.
HTZ shares declined more than 40% to close at $3.00 on June 24, 2026. Applications to serve as lead plaintiff must be filed by September 22, 2026.
The Alleged Liquidity and Used-Car Market Securities Fraud
According to the lawsuit, Hertz assured investors that its liquidity position remained sufficient while characterizing the used-car market softness affecting its fleet economics as limited and manageable. The complaint alleges those statements lacked a reasonable basis because liquidity was deteriorating more rapidly than represented and used-car market weakness was allegedly recurring in a way that pressured vehicle residual values.
The action also focuses on Hertz’s “Back-to-Basics” strategy, which emphasized disciplined fleet rotation, a “Buy Right, Hold Right, Sell Right” framework, and progress toward Net Depreciation per Unit targets. The lawsuit contends that those representations allegedly failed to disclose the risk that Hertz would need distressed, dilutive financing only weeks later.
How Liquidity Assurances Allegedly Affected HTZ Investors
On June 24, 2026, Hertz announced $300 million of Exchangeable Senior First-Lien Secured PIK Notes due 2030, a concurrent share-lending offering of more than 37 million shares, “unexpected softness in the used car market,” and second-quarter Adjusted Corporate EBITDA guidance of only $50 million to $80 million. The next day, the financing was priced on allegedly more dilutive terms, upsized to $350 million with the possibility of up to $400 million.
Key Liquidity Allegations for Shareholders
- Hertz reported approximately $837 million of liquidity at the end of the first quarter and additional April financing of approximately $200 million.
- Management projected year-end liquidity “north of $1.5 billion,” which the complaint alleges overstated Hertz’s financial flexibility.
- The Company stated its cash, liquidity facilities, and refinancing options would be sufficient for the next twelve months and foreseeable future thereafter.
- The lawsuit alleges used-car market softness was not merely transitory or isolated, but materially affected DPU and Adjusted Corporate EBITDA.
- The June 2026 capital raise allegedly harmed existing shareholders through dilution and repriced HTZ shares sharply lower.
“This case presents important questions about liquidity disclosure obligations in the vehicle rental sector, where fleet values and financing access can directly affect shareholders. As alleged, Hertz’s assurances about year-end liquidity and used-car market stability were followed within weeks by a dilutive financing and a sharp decline in HTZ shares.” — Joseph E. Levi, Esq.
Submit your information here or contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com or (212) 363-7500.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States.
Frequently Asked Questions About the HTZ Lawsuit
Q: What is the HTZ class action lawsuit about? A: A securities class action has been filed against Hertz Global Holdings, Inc. (NASDAQ: HTZ) alleging materially false and misleading statements between May 7, 2026 and June 23, 2026. Shares fell more than 40% after the Company disclosed a dilutive financing, unexpected used-car market softness, and second-quarter Adjusted Corporate EBITDA guidance of $50 million to $80 million.
Q: Who is eligible to join the HTZ investor lawsuit? A: Investors who purchased HTZ stock or securities between May 7, 2026 and June 23, 2026 and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses, not on whether you still hold the shares.
Q: What specific misstatements does the HTZ lawsuit allege? A: The complaint alleges Hertz made materially false or misleading statements regarding liquidity, used-car market softness, fleet depreciation, DPU progress, and the Company’s ability to fund operations and obligations. When Hertz disclosed the financing and revised guidance, the stock price declined sharply.
Q: When did Hertz Global Holdings, Inc. allegedly mislead investors? A: The Class Period runs from May 7, 2026 to June 23, 2026. The complaint alleges that corrective disclosures on June 24, 2026 revealed information that caused a significant stock decline.
Q: What is a lead plaintiff and why does it matter? A: A lead plaintiff is the investor appointed by the court to represent the entire class. Lead plaintiffs are typically investors with the largest documented losses. Being appointed does not increase individual recovery but gives direct oversight of how the case is run.
Q: What if I already sold my HTZ shares — can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought during the Class Period and sold at a loss may still be eligible to participate.
Q: What does it cost me to participate? A: There is no upfront cost for an evaluation. Securities class actions are generally handled on a pure contingency basis, with any attorneys’ fees and expenses subject to court approval.
Q: Do I need to go to court or give testimony? A: No. The overwhelming majority of class members never appear in court or give depositions. If there is a settlement or recovery, eligible class members generally submit a claim form to seek their portion.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
Tel: (212) 363-7500
Fax: (212) 363-7171
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