Levi & Korsinsky announces that a class action lawsuit has been
commenced in the United States District Court for the District of New
Jersey on behalf of investors who purchased Hertz Global Holdings, Inc.
("Hertz" or the "Company") (NYSE: HTZ) common stock between February 25,
2013 and November 4, 2013.
Click here to learn more about the action http://zlk.9nl.com/hertz-global-holdings-htz/,
or call: 877-363-5972. There is no cost or obligation to you.
The complaint alleges that the Company issued materially false and
misleading statements and/or failed to disclose that: a) Hertz was
losing sales in a significant market which offers higher rental prices
and margins than off-airport, longer-term "replacement car" locations;
b) Hertz faced undisclosed exposure to the insolvency of its subsidiary
Simply Wheez LLC, c) Hertz and Advantage Rent A Car were in
disagreement over the value of Advantage's assets; and d) Hertz was
carrying the value of its fleet transferred to Advantage and Simply
Wheelz on its books at an artificially inflated level.
On November 4, 2013, Hertz announced its third quarter 2013 financial
results for the quarter ended September 30, 2013, reporting that its net
income fell from $242.9 million to $214.7 million in the third quarter
of 2012. The Company also acknowledged its exposure to Simply Wheelz's
insolvency. The following day, Simply Wheelz announced it would file for
Shareholders of Hertz have until January 21, 2014 to seek appointment as
lead plaintiff. Your ability to share in any recovery doesn't require
that you serve as a lead plaintiff. To obtain additional information,
contact Joseph E. Levi, Esq. either via email at email@example.com or
by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/hertz-global-holdings-htz/.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, and Washington D.C. The firm has extensive expertise in
prosecuting securities litigation involving financial fraud,
representing investors throughout the nation in securities and
shareholder lawsuits. Attorney advertising. Prior results do not
guarantee similar outcomes.
Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky,
Esq.30 Broad Street - 24th FloorNew York, NY 10004Tel:
(212) 363-7500Toll Free: (877) 363-5972Fax: (866) 367-6510www.zlk.com
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