NEW
YORK, May 19, 2025 /PRNewswire/ -- The Gross Law
Firm issues the following notice to shareholders of Avis
Budget Group, Inc. (NASDAQ: CAR).
Shareholders who purchased shares of CAR during the class period
listed are encouraged to contact the firm regarding possible lead
plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/avis-budget-loss-submission-form/?id=148831&from=4
CLASS PERIOD: February 16,
2024 to February 10, 2025
ALLEGATIONS: The complaint alleges that during the
class period, Defendants issued materially false and/or misleading
statements and/or failed to disclose that: (i) Avis Budget crafted
and implemented a plan to significantly accelerate its fleet
rotation in the fourth quarter of 2024; (ii) the foregoing
acceleration shortened the useful life of the majority of the
Company's vehicles in the Americas segment, thereby reducing their
recoverable value; (iii) as a result, Avis Budget would be forced
to recognize billions of dollars in impairment charges and incur
substantial losses; (iv) all the foregoing was likely to, and did,
have a significant negative impact on the Company's financial
results; (v) accordingly, Avis Budget's financial and/or business
prospects were overstated; and (vi) as a result, defendants' public
statements were materially false and misleading at all relevant
times.
DEADLINE: June 24, 2025
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/avis-budget-loss-submission-form/?id=148831&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of CAR during the timeframe listed
above, you will be enrolled in a portfolio monitoring software to
provide you with status updates throughout the lifecycle of the
case. The deadline to seek to be a lead plaintiff is June 24, 2025. There is no cost or obligation to
you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross
Law Firm is committed to ensuring that companies adhere to
responsible business practices and engage in good corporate
citizenship. The firm seeks recovery on behalf of investors who
incurred losses when false and/or misleading statements or the
omission of material information by a company lead to artificial
inflation of the company's stock. Attorney advertising. Prior
results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm