Hertz Global Holdings

Robbins Arroyo LLP Is Investigating the Officers and Directors of Hertz Global Holdings, Inc. (HTZ) on Behalf of Shareholders

Robbins Arroyo LLP is investigating whether certain officers and directors of Hertz Global Holdings, Inc. (NYSE: HTZ) breached their fiduciary duties to shareholders. Hertz, though its subsidiaries, is engaged in car and equipment rentals worldwide.

Hertz to Restate Financial Statements Following Investigation

In a November 14, 2014 press release, Hertz announced that it would be restating financial statements for years 2011, 2012, and 2013. These restatements are the result of an ongoing accounting review and investigation by the audit committee of the Hertz board of directors that has so far revealed $87 million in errors and found weakness in the company’s internal controls. This is only one of the accounting issues Hertz has announced this year. In August, Hertz withdrew its 2014 guidance and in May it delayed releasing first quarter financial results after identifying errors.

The restatement of financial statements will further lengthen the timeline for the company to separate its equipment rental business. The restatements are expected to be completed, at the earliest, in mid-2015.

Hertz Shareholders Have Legal Options

Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Darnell R. Donahue at (800) 350-6003, or you can complete the form below and we will contact you directly.

 

Shareholder Information

Items marked with an asterisk (*) are required information.

First Name * Last Name *
Address City State/Province *
ZIP/Postal Code Country/Region Phone *
E-mail * Confirm: E-mail *

Shares Purchased:
Number of Shares: Buy Date : Price Per Share:
example: 125 example: MM/DD/YYYY example: 30.00
transaction:
transaction:
transaction:
transaction:
transaction:
If you have additional transactions or comments, please input the information below:

Shares Sold:
Number of Shares: Sell Date : Price Per Share:
example: 125 example: MM/DD/YYYY example: 30.00
transaction:
transaction:
transaction:
transaction:
transaction:
If you have additional transactions or comments, please input the information below:

Please Note: Neither the submission to nor the receipt of information by Robbins Arroyo LLP or one of its attorneys through this website constitutes an agreement by our firm to represent the individual and does not create an attorney-client relationship. Please do not send confidential or sensitive information through this website. This information should be communicated through a direct contact with an individual at the firm.

* I have read the disclaimer information
+=

    Send This Post

    Tags: