After reporting quarter after quarter of purportedly “record” financial results during the Class Period, which defendants claimed supported the Company’s strong fiscal 2013 guidance, suddenly, on September 26, 2013, Hertz issued a press release entitled “Hertz Revises Full Year 2013 Guidance.” The release made substantial revisions to the guidance the Company had consistently maintained it was on track to reach since February 2013. On this news, the price of Hertz stock fell by more than $4 per share, or 16%, to close at $21.63 per share.Then, on November 4, 2013, after the close of trading, Hertz issued a press release announcing its third quarter 2013 financial results for the quarter ended September 30, 2013. The release disclosed that on a GAAP basis, Hertz’s net income fell to $214.7 million, or $0.47 per share, from $242.9 million, or $0.55 per share, in the third quarter of 2012, and disclosed for the first time Hertz’s exposure to Simply Wheelz’s insolvency. The next morning, Simply Wheelz announced that it was filing for protection under the federal bankruptcy statutes. On this news, the price of Hertz stock dropped further, falling $2.50 per share, or 10.50%. Plaintiff seeks to recover damages on behalf of all purchasers of Hertz common stock during the Class Period (the “Class”). The plaintiff is represented by Robbins Geller, which has expertise in prosecuting investor class actions and extensive experience in actions involving financial fraud. Robbins Geller represents U.S. and international institutional investors in contingency-based securities and corporate litigation. With nearly 200 lawyers in ten offices, the firm represents hundreds of public and multi-employer pension funds with combined assets under management in excess of $2 trillion. The firm has obtained many of the largest recoveries and has been ranked number one in the number of shareholder class action recoveries in MSCI’s Top SCAS 50 every year since 2003. Please visit http://www.rgrdlaw.com for more information.