Investors in Avis Budget Group securities face a securities class action pending in the United States District Court for the Middle District of Florida. A Kaplan Fox & Kilsheimer LLP announcement says the complaint alleges Pentwater Capital Management LP and its Founder, Chief Investment Officer Matthew Halbower manipulated Avis securities. Pentwater allegedly held an approximate 51% total economic interest in Avis through stock and cash-settled swaps as of March 2026 and aggressively bought shares, contributing to unusual volatility and a short squeeze. Avis stock reached $765.94 intraday on April 21, 2026, up approximately 419% from its $147.52 opening price on April 1, before closing at $713.97. The shares then fell 74.51%, closing at $182.005 on April 28. Investors who purchased or otherwise acquired Avis securities between February 20, 2025 and April 21, 2026, inclusive, may seek lead-plaintiff appointment by September 29, 2026, although participation in any recovery does not require that role. An earlier investor notice identified Kahn Swick & Foti, LLC as representing the notice effort.