Hertz Global Holdings, Inc.

Hertz Global Investigation Alert: Johnson Fistel, LLP Encourages Long-Term Investors to Reach Out for More Information

Recently, a class action lawsuit was filed against the company. The complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or 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 profitable; (iv) as a result of all the foregoing, Hertz was likely to incur significant losses on the disposition of both its ICE vehicles and EVs; (v) all the foregoing was likely to, and did, have a significant negative impact on Hertz’s financial results; and (vi) as a result, the Company’s public statements were materially false and misleading at all relevant times.

Johnson Fistel is currently undertaking an extensive investigation related to potential violations of shareholder rights involving certain companies that are facing securities class action lawsuits.

If warranted our firm is prepared to commence a derivative lawsuit on behalf of shareholders who have made a long-term investment in these companies. A derivative lawsuit is aimed at holding accountable the directors and officers, not the corporations themselves, for any potential violations.

What are derivative lawsuits and what can I do as a current long-term shareholder of Hertz? Click here for more information

If you are interested in pursuing this matter, please review and sign the engagement letter below or contact James Baker at jimb@johnsonfistel.com or (619) 814-4471.