Pomerantz LLP has filed a class action lawsuit against Hertz Global Holdings, Inc. over alleged securities fraud. Investors who purchased or acquired Hertz securities during the class period have until September 22, 2026, to seek appointment as lead plaintiff. The complaint follows a June 24, 2026, announcement by Hertz of a $300 million notes offering and a share-lending program involving more than 37 million shares, alongside a disclosure that second-quarter Adjusted Corporate EBITDA would fall to between $50 million and $80 million due to used-car market softness. On that news, Hertz’s stock price dropped $2.06 per share, or 40.71%, to close at $3.00 per share.
Hertz Global Holdings IncHertz disclosed a $300M notes offering, share-lending program, and lowered Q2 EBITDA guidance due to used-car market softness, causing a 40.71% stock drop.