Avis Budget Investors Alert: Levi & Korsinsky LLP Notifies of Class Action Securities Lawsuit

Levi & Korsinsky, LLP has notified investors in Avis Budget Group, Inc. (NASDAQ: CAR) of a class action securities lawsuit alleging securities fraud between February 16, 2024 and February 10, 2025. The lawsuit seeks to recover losses on behalf of Avis Budget investors who were adversely affected by alleged false statements and/or concealment of significant information.

Key Takeaways:

• A class action securities lawsuit has been filed against Avis Budget Group, Inc. alleging securities fraud between February 16, 2024 and February 10, 2025.
• The lawsuit claims that defendants made false statements and/or concealed that Avis Budget implemented a plan to accelerate its fleet rotation in the fourth quarter of 2024, which shortened the useful life of the majority of the Company's vehicles in the Americas segment.
• The acceleration of fleet rotation allegedly forced Avis Budget to recognize billions of dollars in impairment charges and incur substantial losses.
• The lawsuit further alleges that Avis Budget's financial and/or business prospects were overstated due to the company's financial results.
• Shareholders who suffered losses during the relevant time frame have until June 24, 2025 to request the Court appoint them as lead plaintiff.
• There is no cost or obligation to participate in the lawsuit.
• Levi & Korsinsky, LLP has extensive expertise in securities litigation and a track record of winning high-stakes cases.

Statistics:

• The class action lawsuit seeks to recover losses on behalf of Avis Budget investors who were adversely affected by alleged securities fraud between February 16, 2024 and February 10, 2025.
• The lawsuit alleges that Avis Budget recognized billions of dollars in impairment charges due to the acceleration of fleet rotation.
• Over the past 20 years, Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders.

Sources:

• Levi & Korsinsky, LLP (Email: jlevi@levikorsinsky.com, Phone: (212) 363-7500, Fax: (212) 363-7171)
• Telephone: (212) 363-7500
• View original content to download multimedia SOURCE: Levi & Korsinsky, LLP