HTZ investors face September 22, 2026 lead plaintiff deadline in class action over liquidity and financing disclosures

A securities fraud class action has been filed against Hertz Global Holdings, Inc. on behalf of investors who bought or acquired Hertz common stock between May 7, 2026 and June 23, 2026, with September 22, 2026 set as the deadline to seek lead plaintiff status. The case, Schweitzer v. Hertz Global Holdings, Inc., No. 26-cv-02242, was filed in the United States District Court for the Middle District of Florida. The complaint alleges Hertz made materially false or misleading statements, or omitted adverse facts, about the pace of its liquidity deterioration, the sufficiency of its available liquidity to fund operations and obligations over the next 12 months, recurring softness in the used-car market, and the likelihood of a distressed, dilutive financing. The filing centers on Hertz's June 24, 2026 announcement of a $300 million offering of Exchange Senior First-Lien Secured PIK Notes due 2030 and a concurrent share-lending offering of more than 37 million common shares, along with a disclosure that unexpected softness in the used-car market had caused losses on vehicle sales in May 2026 and would reduce second-quarter Adjusted Corporate EBITDA to $50 million to $80 million. Hertz shares fell $2.06, or more than 40%, to close at $3.00 on June 24, 2026. Kessler Topaz Meltzer & Check, LLP said investors may seek appointment as lead plaintiff, retain other counsel or remain absent class members.