SAN DIEGO, July 29, 2014 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a deadline is coming up on August 15, 2014 to get actively involved in the lawsuit filed for certain investors in shares of Hertz Global Holdings, Inc. (HTZ) over alleged Securities Laws Violations by Hertz Global Holdings.
If you purchased shares Hertz Global Holdings, Inc. (HTZ), you have certain options and for certain investors are short and strict deadlines running. Deadline: August 15, 2014. HTZ investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The plaintiff alleges that Hertz Global Holdings, Inc 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 Global Holdings, Inc's publicly traded securities
On June 6, 2014, Hertz Global Holdings, Inc. disclosed in a filing with the SEC that on May 13, 2014, each of Hertz Global Holdings, Inc. and The Hertz Corporation (collectively referred to herein as "Hertz" or the "Company") delayed the filing of its Form 10-Q for the period ended March 31, 2014.
Hertz Global Holdings, Inc. 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.
Furthermore, Hertz Global Holdings, Inc. said that the Audit Committee has concluded that the financial statements for 2011 should no longer be relied upon, and Hertz must restate them, and that Hertz also needs to correct the 2012 and 2013 financial statements to reflect these errors.
Shares of Hertz Global Holdings, Inc. (HTZ) dropped from over $30 per share on June 5, 2014, to as low as $26.24 per share during June 10, 2014.
Those who purchased shares of Hertz Global Holdings, Inc. (HTZ) have certain options and should contact the Shareholders Foundation, Inc. by e-mail at mail@shareholdersfoundation.com or call +1 (858) 779-1554.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.