Hertz Securities Fraud Class Action: Deadline Sept 22, 2025

August 8, 2025 – A securities fraud class action lawsuit has been filed against Hertz Global Holdings, Inc. (NASDAQ: HTZ) on behalf of investors who purchased its common stock between May 7, 2025 and June 23, 2025. The suit, led by prominent investor rights firm Kessler Topaz Meltzer & Check, LLP, alleges that Hertz misled shareholders about the company’s financial health and liquidity position. Investors have until September 22, 2025 to seek appointment as lead plaintiff.

The Class Period and Key Allegations

The lawsuit covers purchases of HTZ shares during the two-month window ending June 23, 2025. According to the complaint filed in the U.S. District Court for the Middle District of Florida, Hertz executives repeatedly assured the market that the company had sufficient liquidity to fund operations for the next twelve months and beyond. However, the firm allegedly failed to disclose that:

• Its liquidity was deteriorating much faster than publicly stated, forcing the company to consider a distressed and dilutive financing.
• Softness in the used-car market, which management had described as “isolated to the quarter” and “transitory,” was actually recurring and significantly depressing Hertz’s net depreciation per unit and Adjusted Corporate EBITDA.
• As a result, a dilutive capital raise was imminent, which would harm existing shareholders.

These misstatements, the complaint argues, rendered the company’s positive outlook materially misleading and lacking a reasonable basis.

The Trigger: Hertz’s June 24 Capital Raise

The stock price collapse came on June 24, 2025, when Hertz announced a massive capital raise before the market opened. Just weeks after telling investors that year-end liquidity would be “north of $1.5 billion,” the company revealed it would offer $300 million in Exchange Senior First-Lien Secured PIK Notes due 2030, along with a concurrent share-lending offering of more than 37 million shares. Additionally, Hertz admitted that “unexpected softness in the used car market” had driven losses on vehicle sales in May and would push second-quarter Adjusted Corporate EBITDA down to just $50–$80 million.

On that news, HTZ shares plunged more than 40%, falling $2.06 to close at $3.00 per share. As of early August 2025, the stock has largely remained near that depressed level, reflecting ongoing investor skepticism about the company’s recovery path. Industry data shows that used-vehicle prices have declined roughly 8% year-over-year through July 2025, further pressuring rental car companies’ fleet depreciation costs.

What Investors Can Do Now

Hertz shareholders who bought stock during the class period have two primary options:

1. File to become lead plaintiff by September 22, 2025. A lead plaintiff acts on behalf of all class members and typically has the largest financial stake in the case. This role selects lead counsel and directs the litigation.
2. Contact Kessler Topaz for a free, no‑ob