Press release
Investigation announced for Long-Term Investors in shares of Avis Budget Group, Inc. (NASDAQ: CAR) over possible Wrongdoing
An investigation on behalf of current long term investors in Avis Budget Group, Inc. (NASDAQ: CAR) shares.
Investors who are current long term investors in Avis Budget Group, Inc. (NASDAQ: CAR) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NASDAQ: CAR stocks follows a lawsuit filed against Avis Budget Group, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: CAR stocks, concerns whether certain Avis Budget Group, Inc. directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the District of New Jersey the plaintiff alleges that, 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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