Investors in Avis Budget Group have until Sept 29 to file for lead plaintiff status in securities lawsuit
News provided byAvis Budget Group, Inc · 1 min read
NEW ORLEANS, Sept. 4, 2026 /CourierPR/ -- Investors in Avis Budget Group, Inc. (NASDAQ: CAR) have until September 29, 2026, to file for lead plaintiff status in a securities class action lawsuit, according to ClaimsFiler, a free shareholder information service. The lawsuit, which is pending in the United States District Court for the Middle District of Florida, concerns allegations of material information nondisclosure by Avis and certain of its executives during a specific period.
ClaimsFiler advises investors who purchased or otherwise acquired Avis securities, including common stock used to cover a short position, between February 20, 2025, and April 21, 2026, to take action. The complaint alleges that Pentwater and Halbower, two of Avis's largest shareholders, engaged in a market manipulation scheme during this period. Pentwater, holding approximately 51% of the Company's total economic interest as of March 2026, is accused of aggressively purchasing Avis stock, which triggered unusual volatility and a short squeeze. This resulted in a significant increase in the value of Pentwater's holdings, with Avis's stock price reaching a high of $765.94 per share on April 21, 2026, before collapsing by 74.51% to close at $182.005 per share by April 28, 2026.
The lawsuit alleges that Avis and its executives failed to disclose material information, violating federal securities laws. The complaint further details how Pentwater's aggressive stock purchases created a short squeeze, causing the stock price to spike and then plummet, resulting in significant financial losses for short sellers and other investors.
ClaimsFiler serves as a resource for retail investors, aiming to help them recover their share of billions of dollars from securities class action settlements. Investors can access information and settlement websites, upload their portfolio transactional data to be notified about relevant cases, and submit free case evaluations to the Kahn Swick & Foti, LLC law firm.
For more details, visit the ClaimsFiler website at <https://claimsfiler.com/> or contact them at (833) 538-3604.