Kahn Swick & Foti, LLC and partner Charles C. Foti, Jr., former Attorney General of Louisiana, notified Avis Budget Group investors of a class action securities lawsuit pending in the United States District Court for the Middle District of Florida. The action covers investors who purchased or otherwise acquired Avis securities, including stock bought to cover short positions, between February 20, 2025 and April 21, 2026. The complaint alleges that Avis and certain executives failed to disclose material information and that Pentwater and Halbower manipulated the market. Pentwater allegedly held an approximate 51% total economic interest through stock and cash-settled swaps as of March 2026 and aggressively bought Avis shares, contributing to unusual volatility and a short squeeze (rapid buying by short sellers covering positions). Avis reached $765.94 intraday on April 21, up approximately 419% from its $147.52 opening price on April 1, before closing at $713.97; the shares then fell 74.51% to $182.005 on April 28, 2026. Investors seeking lead-plaintiff status must act by September 29, 2026, although participation in any recovery does not require serving as lead plaintiff.