On or around 08/14/2014 (Court's order of dismissal)
Filing Date: June 13, 2014
According to the law firm press release, the lawsuit alleges that, throughout the class period, Hertz issued financial statements that were not accurate, did not comply with Generally Accepted Accounting Principles (GAAP), and served to artificially inflate the market price of Hertz's publicly traded securities. Hertz announced on June 6 that its Audit Committee concluded that the financial statements for 2011 would need to be restated, and that the financial statements for 2102 and 2013 would have to be corrected.
On August 14, 2014, the Court issued an Order dismissing this case pursuant to a voluntary dismissal.
Company & Securities Information
Defendant: Hertz Global Holdings, Inc.
Industry: Rental & Leasing
Headquarters: United States
Ticker Symbol: HTZ
Company Market: New York SE
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Paul Ansfield, et al. v. Hertz Global Holdings, Inc., et al.