#USA #New York #class action lawsuit #Investor Alert #Avis Budget Group

Avis Budget Group, Inc. Investors Alerted About Class Action Lawsuit

On May 1, 2025, The Gross Law Firm issued a significant notice aimed at shareholders of Avis Budget Group, Inc. (NASDAQ: CAR) with important implications for those interested in participating in a class action lawsuit. This notice calls for shareholders who purchased shares of Avis Budget during a specified time frame to get in touch, as they may be eligible to take part in the proceedings.

Key Information for Shareholders

The class period spans from February 16, 2024, to February 10, 2025. Investors are encouraged to act swiftly, as the deadline to register for this class action is approaching on June 24, 2025. There are no fees associated with joining this lawsuit, making it a risk-free opportunity for eligible shareholders to claim their rights.

Allegations of Misrepresentation

The allegations put forth in the lawsuit center around claims that Avis Budget Group made materially false and misleading statements during the specified class period. Specifically, the complaint suggests a few significant failures in disclosures, which include:
1. Accelerated Fleet Rotation: Avis Budget allegedly executed a plan to significantly accelerate the rotation of its fleet in the last quarter of 2024. This rapid change purportedly diminished the operational lifespan of many vehicles belonging to the Company in the Americas segment.
2. Value Impairment: As a direct consequence of the accelerated fleet updates, it is argued that Avis Budget would have to recognize billions of dollars in impairment charges relating to their vehicles, resulting in substantial losses for the company.
3. Overstating Financial Health: The complaint asserts that these actions ultimately misrepresented the financial stability and business prospects of Avis Budget. Investors may have been misled about the actual value and profitability of the company during this period.

Importance of These Claims

The ramifications of these allegations are far-reaching. By potentially inflating investor confidence in the company’s financials through misleading statements, Avis Budget could face significant penalties should the allegations be proven true in court. This reflects the importance of full transparency in corporate communications.

What To Do Next

Shareholders who believe they are affected by this issue and wish to register for the class action suit should do so promptly to secure their chance of recovery. To do this, they must submit their details through the Gross Law Firm's official registration link.

Monitoring Updates

After registering, shareholders will have access to a portfolio monitoring service, which provides status updates throughout the lifecycle of the case. This proactive approach ensures that participating investors stay informed about any developments or changes regarding the suit.

Why Choose The Gross Law Firm?

The Gross Law Firm has established itself as a national leader in class action litigation, particularly targeting investor rights. They aim to safeguard the interests of investors who have suffered losses due to misleading corporate practices. The firm's dedication extends to ensuring that companies adhere to ethical business practices and maintain transparency with their shareholders.

For further information, shareholders can reach out directly to The Gross Law Firm via the following contact details:

• - Address: 15 West 38th Street, 12th Floor, New York, NY, 10018
• - Email: info@grosslawfirm.com
• - Phone: (646) 453-8903

Conclusion

The deadline for filing your claims in this critical class action lawsuit against Avis Budget Group, Inc. is approaching. Investors are urged to take this serious opportunity to seek justice for any potential losses incurred due to the alleged misrepresentation and fraud.

For any further inquiries or to ensure participation in this lawsuit, shareholders should not hesitate to contact the Gross Law Firm as soon as possible.