Press release
Avis Budget Group, Inc. (NASDAQ: CAR) Investor Alert: Deadline in Lawsuit on June 24, 2025
A Deadline is coming up on June 24, 2025 in the lawsuit for certain investors in Avis Budget Group, Inc. (NASDAQ: CAR).
Investors who purchased shares of Avis Budget Group, Inc. (NASDAQ: CAR) have certain options and there are strict and short deadlines running. Deadline: June 24, 2025. Avis Budget Group, Inc. (NASDAQ: CAR) stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
According to the complaint filed in the U.S. District Court for the District of New Jersey the plaintiff alleges on behalf of purchasers of Avis Budget Group, Inc. (NASDAQ: CAR) common shares between February 16, 2024 and February 10, 2025, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 16, 2024 and February 10, 2025, the Defendants made false and/or misleading statements and/or failed to disclose that Avis Budget Group, Inc. crafted and implemented a plan to significantly accelerate its fleet rotation in the fourth quarter of 2024, that the foregoing acceleration shortened the useful life of the majority of the Company's vehicles in the Americas segment, thereby reducing their recoverable value, that as a result, Avis Budget Group, Inc. would be forced to recognize billions of dollars in impairment charges and incur substantial losses, that all the foregoing was likely to, and did, have a significant negative impact on the Company's financial results, that accordingly, Avis Budget's financial and/or business prospects were overstated, and that as a result, Defendants' public statements were materially false and misleading at all relevant times.
Those who purchased shares of Avis Budget Group, Inc. (NASDAQ: CAR) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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