The Shareholders Foundation announced that an investigation for investors who currently hold NYSE:HTZ shares was launched concerning whether certain Hertz Global Holdings officers and directors breached their fiduciary duties that caused damages to the company and its shareholders.
Investors who purchased shares of Hertz Global Holdings, Inc. (NYSE:HTZ) in 2010 or earlier and currently hold any of those NYSE:HTZ shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain Hertz Global Holdings officers and directors breached their fiduciary duties owed to NYSE:HTZ stockholders and caused damage to the company and its shareholders.
On June6, 2014, Hertz Global Holdings, Inc. announced that on May 13, 2014, each of Hertz Global Holdings, Inc. and The Hertz Corporation delayed the filing of its Form 10-Q for the period ended March 31, 2014. Hertz Global Holdings said that during the preparation of the First Quarter 10-Q, errors were identified relating to Hertz’s conclusions regarding the capitalization and timing of depreciation for certain non-fleet assets, allowances for doubtful accounts in Brazil, as well as other items.
Hertz Global Holdings said that the Audit Committee has concluded that the financial statements for 2011 should no longer be relied upon, and Hertz Global Holdings, Inc. must restate them, and that Hertz Global Holdings, Inc. also needs to correct the 2012 and 2013 financial statements to reflect these errors.
On November 14, 2014, Hertz Global Holdings, Inc announced that in June 2014 the Company was advised by the staff of the New York Regional Office of the SEC that it is investigating the events disclosed in certain of the Company’s filings with the SEC.
Shares of Hertz Global Holdings, Inc. (NYSE:HTZ) closed on January 30, 2015, at $20.52 per share, which is significantly below its current 52 week High of $31.61 per share.
Those who purchased shares of Hertz Global Holdings, Inc. (NYSE:HTZ) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com