May 15, 2026
A Hertz investor asked a Florida federal judge Friday to preliminarily approve a $10 million settlement to resolve claims the car rental company overhyped the demand for electric cars, only later to announce a $200 million earnings hit as it sought to offload the vehicles, causing stock prices to fall.
October 15, 2025
Car rental giant Hertz Global Holdings Inc. can't completely shed securities fraud claims over its statements that it was seeing strong demand for electric cars that artificially boosted stock prices, a Florida federal judge has ruled, while also dismissing other claims in the proposed class action.
August 15, 2024
Levi & Korsinsky LLP will represent a proposed class of investors in car rental giant Hertz Global Holdings Inc. in litigation alleging it exaggerated demand for electric cars, then took a $200 million earnings hit as it worked to offload those cars.
June 05, 2024
Car rental giant Hertz Global Holdings Inc. and two Hertz executives are facing a proposed investor class action in Florida federal court alleging the company hurt investors by overhyping demand for electric cars only later to announce a nearly $200 million hit to earnings as it worked to offload electric vehicles.