#United States #New York #Securities Fraud #Rosen Law #Avis Budget

Investors Invited to Lead Class Action Against Avis Budget Group, Inc.

On May 16, 2025, the Rosen Law Firm, recognized globally for defending investor rights, declared the initiation of a class action lawsuit targeting Avis Budget Group, Inc. (NASDAQ: CAR). This lawsuit pertains specifically to individuals who purchased shares of the company between February 16, 2024, and February 10, 2025. With a deadline set for June 24, 2025, those interested in standing as lead plaintiffs are encouraged to take immediate action.

What This Means for Investors

If you are someone who acquired Avis Budget’s securities during the specified period, this legal action may provide an opportunity for you to seek compensation for any financial loss incurred, without the need for upfront legal costs, thanks to a contingency fee arrangement. The law firm suggests that investors prompted to take part in this lawsuit can submit their details here or contact Phillip Kim, Esq. at 866-767-3653 for further assistance.

The Case Details

Central to the allegations in the lawsuit is the assertion that during the applicable timeframe, Avis Budget made various misleading statements regarding its operational practices. Specifically, the complaint highlights:
1. Accelerated Fleet Rotation: Avis Budget reportedly implemented an aggressive strategy to rotate its vehicle fleet in the fourth quarter of 2024, a decision seen as pivotal in the complaint.
2. Impact on Vehicle Value: The acceleration of the fleet rotation has allegedly resulted in a significant reduction in the recoverable value of their vehicles, particularly affecting their Americas segment.
3. Financial Consequences: Consequently, the lawsuit claims that Avis Budget was compelled to recognize billions in impairment charges, leading to substantial losses.
4. Misrepresentation of Financial Health: As a direct result of the aforementioned actions, Avis Budget’s previous claims about its financial and business prospects were found to be exaggerated or untrue, misleading investors regarding the company's true condition.

Investors experienced significant damage when the realities of these disclosures became apparent, prompting the lawsuit.

Selecting the Right Legal Representation

Rosen Law Firm emphasizes the importance of selecting experienced legal counsel in such cases. Many firms may not possess the same experience or recognition as others. Rosen Law Firm has demonstrated a considerable track record in securities class actions and shareholder derivative litigation, having achieved major settlements in the past. Notably, they secured over $438 million for investors in 2019 alone and established themselves as leaders in the field.

The firm was ranked number one by ISS Securities Class Action Services for their number of settlements, showcasing their effectiveness in representing investor interests.

Next Steps

Currently, no class has been officially certified for the lawsuit; hence, until such certification occurs, affected investors are not represented unless they appoint their counsel. For those wishing to retain their legal representation or remain passive, the choice is theirs.

For real-time updates and further communications, Rosen Law Firm encourages potential class members to follow them on LinkedIn, Twitter, or Facebook.

In conclusion, if you suspect that your investment in Avis Budget Group, Inc. might have been influenced by misleading information, consider joining this class action to protect your rights as an investor. The legal landscape can be complicated, but acting promptly can be beneficial. For more details and proactive steps, visit Rosen Law Firm's webpage.

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