NEW YORK, June 16, 2014 /PRNewswire/ -- Milberg LLP announces that class action lawsuit has been filed in the United States District Court for the District of New Jersey on behalf of purchasers of Hertz Global Holdings, Inc.. ("Hertz" or the "Company) (NYSE: HTZ) securities during the period February 22, 2012 to June 6, 2014, ("the Class Period").
The complaint alleges that throughout the Class Period, Hertz and certain of its officers violated the federal securities laws by disseminating false and misleading statements to the investing public.
Specifically, Hertz issued financial statements that were not accurate, and did not comply with Generally Accepted Accounting Principles (GAAP), which artificially inflated the market price of Hertz's publicly traded securities. Hertz announced on June 6 that its Audit Committee concluded that the financial statements for 2011 would need to be restated, and that the financial statements for 21012 and 2013 would have to be corrected.
If you purchased Hertz shares between February 22, 2012 and June 6, 2014, you may, no later than August 14, 2014, request that the Court appoint you lead plaintiff. A lead plaintiff is a class member that directs the litigation. Your share in any recovery will not be affected by serving as a lead plaintiff. You do not need to be a lead plaintiff to recover. You may retain Milberg LLP, or other attorneys, for this action, but do not need to retain counsel to recover. If this action is certified as a class action, class members will be automatically represented by Court-appointed counsel. The complaint in this action was not filed by Milberg.If you would like to learn more about this potential matter, please contact the following attorney: