LOS
ANGELES, July 4, 2024 /PRNewswire/ -- The DJS
Law Group reminds investors of a class action lawsuit against Hertz
Global Holdings, Inc. ("Hertz" or "the Company") (NASDAQ: HTZ) for
violations of §§10(b) and 20(a) of the Securities Exchange Act of
1934 and Rule 10b-5 promulgated
thereunder by the U.S. Securities and Exchange Commission.
Shareholders who purchased shares of HTZ during the class period
listed are encouraged to contact the firm regarding possible lead
plaintiff appointments. Appointment as lead plaintiff is not
required to partake in any recovery.
CLASS PERIOD: April 27,
2023 to April 24, 2024
DEADLINE: July 30, 2024
CASE DETAILS: The complaint alleges that the
Company made false and misleading statements to the market. Hertz
downplayed the impact on its business of vehicle depreciation. The
Company overstated its customers' demand for the rental of electric
vehicles ("EVs"). The Company maintained too many EVs in its fleet
to remain profitable. The Company was likely to suffer material
losses on the disposition of EVs as well as traditional gas-powered
vehicles. Based on these facts, the Company's public statements
were false and materially misleading throughout the class period.
When the market learned the truth about Hertz, investors suffered
damages.
NEXT STEPS FOR SHAREHOLDERS: Please contact the managing
partner of DJS Law Group, David
Schwartz, at David@djslawllp.com
WHY DJS LAW GROUP? DJS Law Group's primary focus is to
enhance investor return through balanced counseling and aggressive
advocacy. We specialize in securities class actions, corporate
governance litigation, and domestic/international M&A
appraisals. Our clients are some of the largest and most
sophisticated hedge funds and alternative asset managers in the
world. The litigation claims of our clients are extraordinarily
valuable assets that demand respect, focus, and results.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and rules of
ethics.
CONTACT:
David J.
Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: David@djslawllp.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/hertz-global-holdings-inc-sued-for-securities-law-violations---contact-the-djs-law-group-to-discuss-your-rights---htz-302189400.html
SOURCE DJS Law Group LLP