New York, New York--(Newsfile Corp. - August 24, 2026) - Kaplan Fox &amp; Kilsheimer LLP announces that a class action lawsuit has been filed against Avis Budget Group, Inc. (&#34;Avis&#34; or the &#34;Company&#34;)

<p>New York, New York--(Newsfile Corp. - August 24, 2026) - <a href="https://api.newsfilecorp.com/redirect/kXJJpuVRxN">Kaplan Fox &#38; Kilsheimer LLP</a> announces that a class action lawsuit has been filed against Avis Budget Group, Inc. ("Avis" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/CAR">CAR</a>) on behalf of investors that purchased or otherwise acquired Avis securities between February 20, 2025 and April 21, 2026 (the "Class Period").</p><p style="text-align: center;"><a href="https://api.newsfilecorp.com/redirect/B500ZCpaEb">CLICK HERE TO JOIN THE CASE</a></p><p><b>If you are an investor in Avis and have suffered losses, you may </b><a href="https://api.newsfilecorp.com/redirect/5WQQnS52qQ"><b>CLICK HERE</b></a><b> to contact us. You may also contact Kaplan Fox by emailing </b><a href="mailto:pmayer@kaplanfox.com"><b>pmayer@kaplanfox.com</b></a><b> or by calling (646) 315-9003.</b></p><p><b>DEADLINE REMINDER: </b>If you are a member of the proposed Class, you may move the court <u><b>no later than September 29, 2026</b></u> to serve as a lead plaintiff for the purported class.  If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery. </p><p>The complaint alleges "a scheme to manipulate the market for Avis securities, orchestrated by Defendants [Pentwater Capital Management LP] and [Pentwater's Founder, Chief Investment Officer Matthew Halbower]." Further, the complaint alleges "[t]aking advantage of Pentwater's position as one of Avis's largest shareholders, holding a total economic interest of approximately 51% of the Company through stocks and cash-settled swaps as of March 2026, Defendants' aggressive purchasing of Avis stock during the Class Period triggered unusual volatility and a short squeeze in the market for Avis securities - i.e., a rapid surge in the Company's stock price caused by short sellers buying back shares to cut their losses, thereby fueling further price spikes - all of which served to greatly increase the value of Pentwater's holdings of Avis stock."</p><p><b>WHY CONTACT KAPLAN FOX?</b></p><p>Kaplan Fox &#38; Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.</p><p>Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in <i>In re Bank of America</i>-the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act-$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in <i>ATRS v. Allianz Global Investors</i>, and a $475 million settlement in <i>In re Merrill Lynch</i>.</p><p>For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.</p><p>This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.</p><p>If you have any questions about this Notice, your rights, or your interests, please contact:</p><div id="contactInfo"><p><b>CONTACT:</b><br />Pamela A. Mayer<br /><a href="https://api.newsfilecorp.com/redirect/Lq44kTDvgb">KAPLAN FOX &#38; KILSHEIMER LLP</a><br />800 Third Avenue, 38th Floor<br />New York, New York 10022<br />(646) 315-9003<br /><a href="mailto:pmayer@kaplanfox.com">pmayer@kaplanfox.com</a></p><p>Laurence D. King<br /><a href="https://api.newsfilecorp.com/redirect/oPkkzfvYbN">KAPLAN FOX &#38; KILSHEIMER LLP</a><br />1999 Harrison Street, Suite 1501<br />Oakland, California 94612<br />(415) 772-4704<br /><a href="mailto:lking@kaplanfox.com">lking@kaplanfox.com</a></p></div><p>Contacting or submitting information to Kaplan Fox &#38; Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.</p><p><a href="https://api.newsfilecorp.com/redirect/OAJJXf3VaL">https://www.kaplanfox.com/case/avis-budget-group-inc-investor-alert-learn-more-now/</a></p><p id="corporateNewsLogoContainer"><img src="https://images.newsfilecorp.com/files/12532/310992_9dc1564a4444bb2f_logo.jpg" id="corporateNewsLogo" alt="Corporate Logo" /></p><p id="corporateLinkBack">To view the source version of this press release, please visit <a href="https://api.newsfilecorp.com/redirect/PqGGDTqk8N">https://www.newsfilecorp.com/release/310992</a></p><p><img src="https://api.newsfilecorp.com/newsinfo/310992/197" alt="" /></p>

Kaplan Fox Encourages Avis Budget Group, Inc. (CAR) Investors with Losses to Contact the Firm Before September 29, 2026

Avis Budget faces class action over alleged market manipulation by Pentwater-led group

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>New York, New York--(Newsfile Corp. - August 24, 2026) - Kaplan Fox &amp;amp; Kilsheimer LLP announces that a class action lawsuit has been filed against Avis Budget Group, Inc. (&amp;#34;Avis&amp;#34; or the &amp;#34;Company&amp;#34;)</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>A Kaplan Fox press release reports a securities class action against Avis Budget Group (CAR) alleging market manipulation tied to Pentwater Capital&#039;s stake and trading activity during 2025-2026. The suit claims abnormal volatility and a short squeeze leveraged by the large investor&#039;s 51% exposure through stocks and swaps. The development could spark near-term volatility but its impact on fundamentals remains uncertain.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Class-action lawsuit filed against Avis Budget Group over alleged market manipulation.</li><li>Plaintiff alleges Pentwater Capital exploited 51% stake via stock and swaps.</li><li>Deadline to join as lead plaintiff: Sept 29, 2026.</li><li>No attorney-client relationship formed by contacting Kaplan Fox.</li><li>Investors should watch for potential settlements or regulatory inquiries.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Avis Budget Group, Inc. (CAR)</strong>: Subject of the securities class action alleging market manipulation; potential legal/valuation impact.</li><li><strong>Pentwater Capital Management LP (N/A)</strong>: Alleged large shareholder driving volatility via significant equity and swaps; not a public issuer.</li><li><strong>Kaplan Fox &amp; Kilsheimer LLP (N/A)</strong>: Plaintiff&#039;s counsel; issuer of the case notice; no attorney-client relationship implied by contact.</li></ul>
  </section>

  <section data-block="category">
    <h3>Legal</h3>
    <p>This is a Legal category development focused on a securities class action; it highlights potential near-term sentiment and stock volatility rather than core business fundamentals.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Immediate stock volatility around news and court filings.</li><li>Any settlement or regulatory action could trigger sharp moves.</li><li>Lead-plaintiff deadline Sept 29, 2026 could spark renewed activity.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Class Period: Feb 20, 2025 to Apr 21, 2026.</li><li>Deadline to move as lead plaintiff: Sept 29, 2026.</li><li>Pentwater Capital reportedly held ~51% economic interest as of March 2026.</li><li>Firm filing: Kaplan Fox &amp; Kilsheimer LLP.</li><li>Avis Budget Group ticker: CAR.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Bearish in the near term on potential legal costs; monitor 1–3 quarter developments for clarity.</p>
  </section>
</section>


<p>New York, New York--(Newsfile Corp. - August 24, 2026) - <a href="https://api.newsfilecorp.com/redirect/kXJJpuVRxN">Kaplan Fox &#38; Kilsheimer LLP</a> announces that a class action lawsuit has been filed against Avis Budget Group, Inc. ("Avis" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/CAR">CAR</a>) on behalf of investors that purchased or otherwise acquired Avis securities between February 20, 2025 and April 21, 2026 (the "Class Period").</p><p style="text-align: center;"><a href="https://api.newsfilecorp.com/redirect/B500ZCpaEb">CLICK HERE TO JOIN THE CASE</a></p><p><b>If you are an investor in Avis and have suffered losses, you may </b><a href="https://api.newsfilecorp.com/redirect/5WQQnS52qQ"><b>CLICK HERE</b></a><b> to contact us. You may also contact Kaplan Fox by emailing </b><a href="mailto:pmayer@kaplanfox.com"><b>pmayer@kaplanfox.com</b></a><b> or by calling (646) 315-9003.</b></p><p><b>DEADLINE REMINDER: </b>If you are a member of the proposed Class, you may move the court <u><b>no later than September 29, 2026</b></u> to serve as a lead plaintiff for the purported class.  If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery. </p><p>The complaint alleges "a scheme to manipulate the market for Avis securities, orchestrated by Defendants [Pentwater Capital Management LP] and [Pentwater's Founder, Chief Investment Officer Matthew Halbower]." Further, the complaint alleges "[t]aking advantage of Pentwater's position as one of Avis's largest shareholders, holding a total economic interest of approximately 51% of the Company through stocks and cash-settled swaps as of March 2026, Defendants' aggressive purchasing of Avis stock during the Class Period triggered unusual volatility and a short squeeze in the market for Avis securities - i.e., a rapid surge in the Company's stock price caused by short sellers buying back shares to cut their losses, thereby fueling further price spikes - all of which served to greatly increase the value of Pentwater's holdings of Avis stock."</p><p><b>WHY CONTACT KAPLAN FOX?</b></p><p>Kaplan Fox &#38; Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.</p><p>Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in <i>In re Bank of America</i>-the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act-$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in <i>ATRS v. Allianz Global Investors</i>, and a $475 million settlement in <i>In re Merrill Lynch</i>.</p><p>For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.</p><p>This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.</p><p>If you have any questions about this Notice, your rights, or your interests, please contact:</p><div id="contactInfo"><p><b>CONTACT:</b><br />Pamela A. Mayer<br /><a href="https://api.newsfilecorp.com/redirect/Lq44kTDvgb">KAPLAN FOX &#38; KILSHEIMER LLP</a><br />800 Third Avenue, 38th Floor<br />New York, New York 10022<br />(646) 315-9003<br /><a href="mailto:pmayer@kaplanfox.com">pmayer@kaplanfox.com</a></p><p>Laurence D. King<br /><a href="https://api.newsfilecorp.com/redirect/oPkkzfvYbN">KAPLAN FOX &#38; KILSHEIMER LLP</a><br />1999 Harrison Street, Suite 1501<br />Oakland, California 94612<br />(415) 772-4704<br /><a href="mailto:lking@kaplanfox.com">lking@kaplanfox.com</a></p></div><p>Contacting or submitting information to Kaplan Fox &#38; Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.</p><p><a href="https://api.newsfilecorp.com/redirect/OAJJXf3VaL">https://www.kaplanfox.com/case/avis-budget-group-inc-investor-alert-learn-more-now/</a></p><p id="corporateNewsLogoContainer"><img src="https://images.newsfilecorp.com/files/12532/310992_9dc1564a4444bb2f_logo.jpg" id="corporateNewsLogo" alt="Corporate Logo" /></p><p id="corporateLinkBack">To view the source version of this press release, please visit <a href="https://api.newsfilecorp.com/redirect/PqGGDTqk8N">https://www.newsfilecorp.com/release/310992</a></p><p><img src="https://api.newsfilecorp.com/newsinfo/310992/197" alt="" /></p>

A Kaplan Fox press release reports a securities class action against Avis Budget Group (CAR) alleging market manipulation tied to Pentwater Capital's stake and trading activity during 2025-2026. The suit claims abnormal volatility and a short squeeze leveraged by the large investor's 51% exposure through stocks and swaps. The development could spark near-term volatility but its impact on fundamentals remains uncertain.

News insight

Kaplan Fox Encourages Avis Budget Group, Inc. (CAR) Investors with Losses to Contact the Firm Before September 29, 2026

AI summary

Sentiment rationale

Key facts

Legal