#United States #New York #Class Action #Gross Law Firm #Avis Budget Group

Investor Alert for Avis Budget Group, Inc.

In a recent announcement, The Gross Law Firm has urged shareholders of Avis Budget Group, Inc. (NASDAQ: CAR) to contact them before the deadline of June 24, 2025. This notice is particularly relevant for those investors who acquired shares of CAR during the class period between February 16, 2024, and February 10, 2025.

Implications for Shareholders

The firm is reaching out to shareholders who may have been affected by alleged misleading statements issued by the company's management during the stated period. As per the allegations, the defendants (key figures within the company) supposedly made statements that were not only false but also withheld crucial information regarding the company's financial practices.

Allegations Explained

1. Fleet Management Issues: According to the claims, Avis Budget was involved in an aggressive strategy to accelerate the turnover of its vehicle fleet significantly during the last quarter of 2024.
2. Financial Meltdown: This strategy purportedly diminished the useful lifespan of most vehicles in the Americas segment, leading to a severe decline in their recoverable value.
3. Billions in Losses: Consequently, the company reportedly faced the necessity of recognizing impairments worth billions and incurring significant financial losses.
4. Inflated Public Statements: These actions are said to have resulted in an overstated financial outlook from the company, ultimately misrepresenting its business health to shareholders.

As a response, the law firm is encouraging shareholders who purchased shares during this timeframe to get in touch for a possible lead plaintiff appointment. It's important to note that while participation in this class action allows for potential recovery of losses, being appointed as a lead plaintiff is not a requirement for participation.

Steps for Potential Recovery

Shareholders should not delay in registering their information with The Gross Law Firm. Once registered, they will be integrated into a portfolio monitoring system, which will update them throughout the progression of the case. Also, the law firm stands firm on the commitment to protect the rights of investors who have suffered losses due to misleading practices.

Contact Information

For those interested in registering or seeking more details, they can reach the Gross Law Firm through their dedicated links:

• - Registration Link
• - Direct inquiries can also be made via email at [email protected] or by calling (646) 453-8903.

A Commitment to Investor Rights

The Gross Law Firm is recognized nationally when it comes to class action lawsuits, particularly in cases of investor deception or fraud. Their mission is to ensure that all investors are considered and represented fairly, advocating for responsible corporate practices and engaging in positive corporate citizenship.

In conclusion, if you have been affected by recent events involving Avis Budget Group, it may be wise to consult with legal professionals to understand your options better and take necessary action to protect your investments. The deadline is approaching, and timely registration is crucial for potential recovery efforts.