RADNOR, Pa., July 16, 2024 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed in the United States District Court for the Middle District of Florida against Hertz Global Holdings, Inc. ("Hertz") (NASDAQ: HTZ). The action charges Hertz with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company's business, operations, and prospects. As a ...

On January 11, 2024, Hertz revealed in a filing with the SEC that it would sell approximately 20,000 electric vehicles ("EVs") from its U.S. fleet, or about one-third of its global EV fleet, "to better balance supply against expected demand of EVs." According to Hertz, this would "result in the recognition, during the fourth quarter of 2023, of approximately $245 million of incremental net depreciation expense related to the sale[,]" which "represents the write down of the EVs' carrying values as of Decembe ...

Shareholders who purchased shares of HTZ during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CLASS PERIOD: April 27, 2023 to April 24, 2024 NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of HTZ during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the life ...

company Q Aviation and launched Valkyrie BTO Aviation, a commercial aircraft investment company for Blackstone where he most recently served as President and Chief Executive Officer. Mike Moore, Executive Vice President, Technical Operations, will lead all aspects of Hertz's fleet maintenance. Due to his over 25 years of experience managing fleet operations and maintenance, Moore has expertise in overseeing operations and delivering process improvements that reduce costs and drive enhanced financial perform ...

A live webcast of the call will be available on the Investor Relations page of the Company's website at https://ir.hertz.com. To access the call by phone, please register through this link: Hertz Q2 2024 earnings teleco registration, and you will be provided with dial-in details. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time. A web replay will remain available on the website for one year. SOURCE Hertz Global Holdings, Inc. ESTER ...

https://securitiesclasslaw.com/securities/hertz-global-holdings-inc-loss-submission-form/?id=87833&from=4 NEW YORK, June 28, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Hertz Global Holdings, Inc. (NASDAQ: HTZ). CLASS PERIOD: April 27, 2023 to April 24, 2024 WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal bus ...

In the stock market, knowing when and what stocks to sell is as critical as identifying when and what to buy. Once hopeful contenders in automobile manufacturing, passenger ground transportation and electrical components industries, these companies now face daunting financial hurdles that could spell trouble. Understanding why these stocks are ripe for divestment requires a closer look at their fundamental weaknesses. Each company presents unique challenges, from staggering equity declines due to impairment ...

You can also contact attorney Jonathan Naji, Esq. of Kessler Topaz by calling (484) 270-1453 or by email at info@ktmc.com. Then, on April 25, 2024, Hertz issued a press release announcing its first quarter 2024 results. Among other items, Hertz reported EPS of -$1.28 for the quarter, well short of the consensus estimate of -$0.43, and far worse than the adjusted diluted EPS of $0.39 that Hertz had achieved in the same period the year prior. In discussing these results, Hertz revealed that vehicle depreciati ...

Holders of the Exchangeable Notes will have the right to require Hertz Corp. to repurchase all or a portion of their Exchangeable Notes at 100% of their initial principal amount of the Exchangeable Notes to be repurchased plus PIK interest on such Exchangeable Notes for each interest payment date occurring on or prior to the repurchase date plus accrued and unpaid PIK interest to, but excluding, the date of such repurchase, upon the occurrence of certain corporate events constituting a "fundamental change" ...

For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. According to the complaint, during the class period, defendants failed to disclose that: (i) Hertz had downplayed the financial impact of vehicle depreciation, and/or overstated its ability to track and manage vehicle depreciation; (ii) demand for Hertz's EVs was not as strong as defendants had led investors to believe; (iii) Hertz had too many vehicles, particularly EVs, in its fleet to remain profita ...