A class action lawsuit was filed against Hertz Global Holdings, Inc. (NASDAQ:HTZ) on May 31, 2024. Shareholders alleged that they purchased HTZ stock at inflated prices between April 27, 2023, and April 24, 2024, seeking compensation for their losses. Hertz Global Holdings operates a vehicle rental business under brands like Hertz, Dollar, and Thrifty across various regions globally. The lawsuit claims that Hertz and its senior officers made misleading statements about the company’s business practices and prospects. Events between January and April 2024 revealed the truth, with Hertz reporting weaker-than-expected earnings due to increased vehicle depreciation costs. As a result, HTZ shares have plummeted by over 67% in 2024, causing significant losses for shareholders.