SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Hertz Global Holdings, Inc.

NEW YORK, May 30, 2024 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of Hertz Global Holdings, Inc. (“Hertz” or the “Company”) (NASDAQ: HTZ). Such investors are encouraged to contact Danielle Peyton at (email protected) or 646-581-9980, extension 7980.

The investigation is concerned with whether Hertz and certain of its officers and/or directors engaged in securities transactions. Fraud or other unlawful business practices.

(Click here for information on joining the class action lawsuit.)

At 25 April 2024Hertz has released its financial results for the first quarter of 2024. Among other things, Hertz announced earnings per share of –$1.28far below the consensus estimate of –$0.43 And 0,39 € for the same period last year. Hertz said vehicle depreciation increased in the quarter 588 million US dollarsor $339 on a unit-by-unit basis, mainly due to the deterioration of estimated residual values ​​and disposal losses on combustion engine vehicles compared to the profits in the same quarter last year. In addition, $339 Increase per unit, 119 $ referred to electric vehicles held for sale.

Following this news, Hertz’s share price fell $1.12 per share or 19.31% and closed at $4.68 per share on 25 April 2024.

Pomerantz LLP, with offices in new York, Chicago, Los Angeles, London, ParisAnd Tel-Avivis considered one of the leading law firms in the areas of corporate, securities and antitrust litigation. Founded by the late Abraham L. PomerantzKnown as the dean of class action lawyers, Pomerantz was a pioneer in the field of securities class action litigation. Today, more than 85 years later, Pomerantz continues the tradition he established and fights for the rights of victims of securities class action litigation. FraudBreach of fiduciary duty and corporate misconduct. The firm has won billions of dollars in damages on behalf of class action plaintiffs. See www.pomlaw.com.

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CONTACT:
Danielle Peyton
Pomerantz LLP
(email protected)
646-581-9980 extension 7980

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