Avis Investors Face Securities Lawsuit Over Pentwater Trading and Share-Price Collapse

  • Robbins Geller and KSF notified Avis investors of a Florida federal securities class action alleging misconduct by Avis and Pentwater defendants.
  • The complaints cite Pentwater’s alleged 51% economic interest, aggressive buying, a short squeeze, and differing reported April 21 peaks of $847.70 and $765.94.
  • Investors identified by either notice have until September 29, 2026, to seek lead-plaintiff appointment in Hakimian v. Pentwater Capital Management LP.

Robbins Geller Rudman & Dowd LLP and Kahn Swick & Foti, LLC notified Avis Budget Group, Inc. (NASDAQ: CAR) investors of securities class action Hakimian v. Pentwater Capital Management LP, No. 26-cv-02275, pending in the United States District Court for the Middle District of Florida. The complaints allege that Avis and certain executives failed to disclose material information and that Pentwater Capital Management LP and Chief Executive Officer Matthew Halbower manipulated Avis securities through aggressive purchases and a short-squeeze dynamic. The notices differ on the Class Period start date: Robbins Geller identifies February 20, 2026, while KSF identifies February 20, 2025; both end on April 21, 2026 and include stock acquired to cover short positions. The filings also report differing price figures: Robbins Geller says Avis peaked at $847.70 on April 21 before Pentwater sold 4.3 million shares for approximately $1.75 billion on April 22 and 23, while KSF reports an intraday high of $765.94, a close of $713.97, and a subsequent 74.51% decline to $182.005 on April 28. Investors must act by September 29, 2026, to seek lead-plaintiff appointment, although participation in any recovery does not require serving as lead plaintiff.

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