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Avis Budget Group Shareholders, Take Note

The Gross Law Firm has recently issued a critical announcement for shareholders of Avis Budget Group, Inc. (NASDAQ: CAR). If you've purchased shares of this company within the specified class period from February 16, 2024, to February 10, 2025, you are encouraged to make your voice heard as part of an ongoing class action lawsuit.

Key Details

Class Period

• - Start Date: February 16, 2024
• - End Date: February 10, 2025

Allegations Overview

This legal action arises from serious allegations suggesting that Avis Budget management made materially false and misleading statements and omitted crucial information regarding the company's financial health and fleet management strategies. The allegations include the following points:

1. Rapid Fleet Rotation Implementation: It is claimed that during the class period, Avis Budget accelerated its fleet rotation plan significantly in the fourth quarter of 2024.
2. Decreased Vehicle Value: This decision allegedly shortens the useful life of many vehicles in the Americas segment, leading to reduced recoverable value.
3. Impairment Charges: As a result of this rapid rotation, the company is expected to face billions in impairment charges and substantial financial losses.
4. Misleading Financial Statements: Consequently, the legal claim asserts that the public statements made by Avis Budget were materially misleading about the company’s business prospects and financial performance.

So, What’s Next?

Shareholders should not delay in registering for participation in this class action lawsuit. If you register by the June 24, 2025 deadline, you will also gain access to portfolio monitoring software. This will keep you informed about the status of the case and any relevant updates during the lifecycle of the proceedings.

Why Choose Gross Law Firm?

The Gross Law Firm has a strong reputation as a nationally recognized class-action law firm committed to safeguarding the rights of investors. They ensure that companies adhere to ethical business practices and pursue recovery for those affected by misleading corporate conduct. This service comes at no upfront cost or obligation to participate.

Contact Information

For inquiries or to register your participation, please reach out to the Gross Law Firm:

• - Address: 15 West 38th Street, 12th floor, New York, NY, 10018
• - Email: [email protected]
• - Phone: (646) 453-8903

As an Avis Budget shareholder, you have options and rights, and getting involved sooner rather than later is crucial for potentially recovering any losses you might have incurred due to these alleged misleading practices. Ensure you act quickly; the deadline is approaching fast!