Avis Budget Group Securities Class Action Against Pentwater Capital Management
Pentwater Capital Management · Avis Budget Group securities · Ongoing Litigation
About this case
Investors allege that Pentwater Capital Management and Matthew Halbower manipulated the market for Avis securities through aggressive purchases, contributing to a short squeeze, followed by sales that allegedly caused a sharp decline in the stock price. The class action was filed in the U.S. District Court for the Middle District of Florida and is ongoing.
Case overview
- Defendant company
- Pentwater Capital Management
- Product or service
- Avis Budget Group securities
- Court case number
- 26-cv-02275
- Case status
- Ongoing Litigation
- Lawsuit type
- Securities
- Reported harm
- Misrepresentation
Important dates
- Lead Plaintiff Application
Participation information
Lead Plaintiff Application
Investors and entities, other than the defendants, that purchased or otherwise acquired Avis securities, including common stock purchased to cover a short position, between February 20, 2025 and April 21, 2026, may ask the court to appoint them as lead plaintiff.
Ask the court to appoint you as lead plaintiff by September 29, 2026.
- Type
- Lead Plaintiff
- Status
- Open
- Reported proof requirement
- Yes
Sources
- Avis Budget Group Securities Class Action Against Pentwater Capital Management
Barchart.com ·
- Avis Securities Market Manipulation Class Action
Barchart.com ·
- Avis Budget Group Securities Class Action
Barchart.com ·