$HTZ

Hertz Global Holdings (HTZ) faces a class action lawsuit alleging securities fraud. The suit claims the company misled investors about liquidity and used-car market conditions before a dilutive capital raise. HTZ shares fell over 40% to $3.00 on June 24, 2026, following the announcement of a $350 million financing and lower EBITDA guidance. Investors who purchased HTZ securities between May 7, 2026, and June 23, 2026, may be eligible to recover losses.

Verra Mobility (VRRM) and Hertz renewed their five-year partnership to explore new technology solutions for toll processing and customer experience. Verra will continue managing toll and violation services for Hertz's brands. The companies aim to leverage AI and connected-vehicle tech to improve fleet operations.

Bill Ackman's Pershing Square raised $5B for a new fund, PSUSA, investing 95% of it. Ackman exited Alphabet, Universal Music Group, and Hertz, adding Visa, Mastercard, Netflix, S&P Global, Intercontinental Exchange, and Alcon. He also plans a private investment fund, Pershing Square Ventures, to gain insights into tech and private companies.

HERTZ GLOBAL HOLDINGS, INC (HTZ) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. Item 1.01 Entry into a Material Definitive Agreement. On August 20, 2026, Hertz Global Holdings, Inc. (the “Company”), in connection with settlement of the Cascia v. Farmer, et al. litigation, entered into an amended and restated voting agreement (the “A&R Voting Agreement”) with

Levi & Korsinsky, LLP notified investors in Hertz Global Holdings, Inc. (HTZ) of a class action lawsuit. The suit alleges misstatements about liquidity and fleet management between May 7, 2026, and June 23, 2026. HTZ stock fell over 40% to $3.00 on June 24, 2026, following a dilutive financing and reduced Q2 EBITDA guidance. Investors have until September 22, 2026, to seek lead plaintiff status.

Hertz Global Holdings (HTZ) shares fell about 4% as securities class actions allege the company misled investors on liquidity, used-car weakness, and a likely distressed, dilutive capital raise. A June 2026 ~$300M exchangeable notes financing is cited in complaints for a 40%+ one-day drop. Pershing Square exited, and HTZ was removed from the S&P SmallCap 600.

Pershing Square’s Q2 update says Bill Ackman’s Pershing Square USA (PSUS) raised a $5 billion IPO and has deployed over 95% of PSUS capital across 14 investments, including new positions in Visa, Mastercard, Intercontinental Exchange, Netflix, Alcon and S&P Global. The article lists Q2 2026 holdings and notes Ackman’s long-term return goal above 20% gross annually.

Hertz Global Holdings (HTZ) fell Thursday after Pershing Square CEO Bill Ackman said the fund fully exited its stake, according to Benzinga Pro. Pershing Square previously held about 15.2 million shares. The move follows retail chatter tied to high short interest, after Hertz’s Q2 revenue of $2.4B and adjusted loss of 11 cents per share. HTZ was down 6.6% to $2.62.

Hertz Global Holdings (HTZ) shares fell about 4% as reports cited weaker rental demand and pricing pressure. The article links the move to securities class actions over liquidity messaging, a $300M exchangeable notes deal and reduced Q2 adjusted EBITDA guidance to $50–$80M. It also notes HTZ’s S&P SmallCap 600 removal and Pershing Square’s full exit.

Hertz (HTZ) fell 2.8% in after-hours to $2.28 after Pershing Square fully exited its stake in July 2026, according to Bill Ackman. The exit followed a prior-day S&P Global Ratings downgrade to CCC+ from B-, citing an unsustainable capital structure and refinancing risk tied to about $2.8B maturities in 2028 and $2.5B in 2029.