Pomerantz Law Firm Announces the Filing of a Class Action on Behalf of Investors in Avis Budget Group, Inc. - CAR

Pomerantz LLP announced it has filed a class action against Avis Budget Group, Inc. (NASDAQ: CAR) on behalf of investors. The lawsuit was filed in the U.S. District Court for the Middle District of Florida and docketed as 26-cv-02275. It seeks damages for alleged violations of federal securities laws during the class period from February 20, 2025, through April 21, 2026. The complaint targets Pentwater Capital Management LP and its CEO and CIO, including Matthew Halbower. Pomerantz says Pentwater’s large economic stake—about 51% through stocks and cash-settled swaps as of March 2026—along with aggressive buying triggered unusual volatility and a short squeeze. Avis shares reportedly surged to an intraday high of $765.94 on April 21, up about 419% from a $147.52 opening on April 1, before later falling sharply. Investors have until September 29, 2026 to seek lead-plaintiff status.