Avis Budget Group, Inc. (CAR) Investors Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
6 juni, 18:00
Avis Budget Group, Inc. (CAR) Investors Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
PR Newswire
BENSALEM, Pa., June 6, 2025
BENSALEM, Pa. , June 6, 2025 /PRNewswire/ -- The Law Offices of Howard G. Smith announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Avis Budget Group, Inc. ("Avis" or the "Company") (NASDAQ: CAR ).
IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN AVIS BUDGET GROUP, INC. (CAR), CONTACT THE LAW OFFICES OF HOWARD G. SMITH BEFORE JUNE 24, 2025 (LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.
Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@howardsmithlaw.com , by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com .
What Is The Lawsuit About?
The complaint filed alleges that, between February 16, 2024 and February 10, 2025 , Defendants failed to disclose to investors that: (1) Avis crafted and implemented a plan to significantly accelerate its fleet rotation in the fourth quarter of 2024; (2) the foregoing acceleration shortened the useful life of the majority of the Company's vehicles in the Americas segment, thereby reducing their recoverable value; (3) as a result, Avis would be forced to recognize billions of dollars in impairment charges and incur substantial losses; (4) all the foregoing was likely to, and did, have a significant negative impact on the Company's financial results; (5) accordingly, Avis's financial and/or business prospects were overstated; and (6) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
Contact Us To Participate or Learn More:
If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact:
Howard G. Smith, Esq. ,
Law Offices of Howard G. Smith ,
3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020,
Call us at: (215) 638-4847
Email us at: howardsmith@howardsmithlaw.com ,
Visit our website at: www.howardsmithlaw.com .
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contact Us:
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
SOURCE Law Offices of Howard G. Smith
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Avis Budget Group, Inc. (CAR) Investors Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
6 juni, 18:00
Avis Budget Group, Inc. (CAR) Investors Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
PR Newswire
BENSALEM, Pa., June 6, 2025
BENSALEM, Pa. , June 6, 2025 /PRNewswire/ -- The Law Offices of Howard G. Smith announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Avis Budget Group, Inc. ("Avis" or the "Company") (NASDAQ: CAR ).
IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN AVIS BUDGET GROUP, INC. (CAR), CONTACT THE LAW OFFICES OF HOWARD G. SMITH BEFORE JUNE 24, 2025 (LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.
Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@howardsmithlaw.com , by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com .
What Is The Lawsuit About?
The complaint filed alleges that, between February 16, 2024 and February 10, 2025 , Defendants failed to disclose to investors that: (1) Avis crafted and implemented a plan to significantly accelerate its fleet rotation in the fourth quarter of 2024; (2) the foregoing acceleration shortened the useful life of the majority of the Company's vehicles in the Americas segment, thereby reducing their recoverable value; (3) as a result, Avis would be forced to recognize billions of dollars in impairment charges and incur substantial losses; (4) all the foregoing was likely to, and did, have a significant negative impact on the Company's financial results; (5) accordingly, Avis's financial and/or business prospects were overstated; and (6) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
Contact Us To Participate or Learn More:
If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact:
Howard G. Smith, Esq. ,
Law Offices of Howard G. Smith ,
3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020,
Call us at: (215) 638-4847
Email us at: howardsmith@howardsmithlaw.com ,
Visit our website at: www.howardsmithlaw.com .
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contact Us:
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
SOURCE Law Offices of Howard G. Smith
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