#United States #New York #Class Action #Securities Fraud #Avis Budget

Avis Budget Group Class Action: What Investors Need to Know

In a recent development, investors who have incurred financial losses with Avis Budget Group, Inc. (NASDAQ: CAR) must pay attention to the class action lawsuit initiated by Levi & Korsinsky, LLP. This legal action centers around alleged securities fraud that is said to have affected numerous shareholders between February 16, 2024, and February 10, 2025.

The Allegations

The class action lawsuit focuses on claims that Avis Budget has misled its stakeholders to overstate its financial and business prospects. According to the filed complaint, the following points outline the allegations:

• - The company implemented a strategy to accelerate its fleet rotation in the fourth quarter of 2024.
• - This acceleration was purportedly done in such a way that it drastically reduced the lifespan of most of the company’s vehicles in the Americas segment, negatively impacting their recoverable value.
• - As a result of these decisions, Avis Budget faced billions of dollars in impairment charges and substantial losses.
• - The disclosures revealed in the lawsuit indicate that the public statements made by the company were materially false and misleading, which had serious implications for investors.

Steps for Affected Investors

If you have suffered losses from your investment in Avis Budget during the specified time frame, it is crucial to act quickly. The deadline to request appointment as a lead plaintiff in the class action is June 24, 2025. However, it is important to note that participating in the lawsuit does not require lead plaintiff status, which allows a wider group of investors to seek recovery.

The law firm Levi & Korsinsky’s extensive experience in complex securities litigation is notable. Over two decades, the firm has managed to recover hundreds of millions of dollars in damages for aggrieved shareholders. For seven consecutive years, it has been recognized as one of the top firms specializing in securities litigation in the United States.

No Costs to Participants

One of the appealing aspects of joining this class action lawsuit is that it does not incur any out-of-pocket costs or fees for class members. Levi & Korsinsky is committed to representing the interests of investors without financial burdens during this process. It is an opportunity to potentially secure compensation for losses incurred as a result of the alleged misconduct.

How to Seek More Information

Investors who wish to learn more about joining the lawsuit or need assistance can reach out directly to Levi & Korsinsky. Interested parties can contact Joseph E. Levi, Esq. via email at joseph@zlk.com or call (212) 363-7500. Additionally, further details and the submission form for potential claimants can be accessed through the law firm’s website. This is an important step for any individual seeking to recover losses linked to their investment in Avis Budget.

Conclusion

As the clock ticks down to the cut-off date for class action involvement, it is essential for impacted investors to stay informed and consider their legal options. The ongoing class action lawsuit against Avis Budget is a significant opportunity for shareholders to reclaim some of their losses and hold the company accountable for its alleged missteps. Inviting participation from those who have been affected signifies a collective effort to address financial grievances and possibly secure restitution for substantial losses.