Glancy Prongay Wolke & Rotter LLP, a Leading Securities Fraud Law Firm, Encourages Avis Budget Group, Inc. (CAR) Shareholders To Inquire About Securities Fraud Class Action
Glancy Prongay Wolke & Rotter LLP, a leading national shareholder rights law firm, announces that a securities fraud class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired Avis Budget Group, Inc. (“Avis” or the “Company”) (NASDAQ: CAR) securities between February 20, 2025 and April 21, 2026, inclusive (the “Class Period”). Avis Budget Group, Inc. investors have until September 29, 2026 to file a lead plaintiff motion.
IF YOU SUFFERED A LOSS ON YOUR AVIS BUDGET GROUP, INC. (CAR) INVESTMENTS, CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS UNDER THE FEDERAL SECURITIES LAWS
What Happened?
The complaint alleges that Defendants Pentwater Capital Management LP (“Pentwater”) and Matthew Halbower (“Halbower,” collectively with Pentwater, “Defendants”), enacted a scheme to manipulate the market for Avis securities by taking advantage of Pentwater's position as one of Avis's largest shareholders. Specifically, Defendants' purchasing of Avis stock during the Class Period triggered a rapid surge in the Company's stock price caused by short sellers buying back shares to cut their losses, thereby fueling further price spikes (known as a “short squeeze”) which served to substantially increase the value of Pentwater's holdings of Avis stock.
