{"success":true,"data":{"pressRelease":{"id":"118507","rtpr_id":"nPn1vsVt1a","ticker":"CAR","exchange":"NASDAQ","all_tickers":["CAR"],"title":"CAR Deadline Alert: SueWallSt Reminds Pentwater Capital Management LP (CAR) Investors of Securities Class Action Deadline on September 29, 2026","author":"PR Newswire","published_at":"2026-08-13T16:37:02.416Z","article_body":"CAR Deadline Alert: SueWallSt Reminds Pentwater Capital Management LP (CAR) Investors of Securities Class Action Deadline on September 29, 2026\n\nPR Newswire\n\nNEW YORK, Aug. 13, 2026\n\nA securities class action alleges that Matthew Halbower, Pentwater Capital\nManagement's founder, Chief Executive Officer, and Chief Investment Officer,\npersonally directed the accumulation and sudden dumping of Avis Budget Group\nshares that allegedly cost investors billions in value.\n\nNEW YORK, Aug. 13, 2026 /PRNewswire/ -- SueWallSt alerts investors in Avis\nBudget Group, Inc. (NASDAQ: CAR) that a securities class action is pending\nagainst Pentwater Capital Management LP and its founder and chief executive,\nMatthew Halbower, on behalf of purchasers of Avis securities between February\n20, 2025 and April 21, 2026. Find out if you could qualify to recover your\nlosses\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4752100-6&h=1848104146&u=https%3A%2F%2Fsuewallst.com%2Flawsuits%2Favis-budget-group-inc-class-action-lawsuit-car%3Fprid%3D198822%26wire%3D4&a=Find+out+if+you+could+qualify+to+recover+your+losses)\n. You may also contact Joseph E. Levi, Esq. at jlevi@SueWallSt.com\n(mailto:jlevi@SueWallSt.com) or (888) SueWallSt.\n\nAvis shares peaked at $765.94 on April 21, 2026, then collapsed to close at\n$182.005 on April 28, 2026. Pentwater is alleged to have sold 4.3 million\nshares for gross proceeds of $1.75 billion on April 22 and April 23, 2026. The\ndeadline to apply for lead plaintiff appointment is September 29, 2026.\n\nThe Named Individual Defendant\n\nHalbower is identified in the action as Pentwater's Founder, CEO, and Chief\nInvestment Officer. Unlike many securities cases where an executive is alleged\nto have merely signed filings, the complaint charges that Halbower personally\nreported ownership of the Avis position alongside the firm, with SEC filings\ndisclosing that he individually held 4,327,200 shares (12.3%) as of March 6,\n2026 and 7,824,100 shares (22.2%) as of April 7, 2026.\n\nAlleged Individual Direction of the Trading Scheme\n\nThe pleading asserts that Pentwater and Halbower steadily accumulated a\nmassive equity stake despite what it characterizes as weak underlying Avis\nfundamentals, and that this buying, combined with heavy short interest,\nallegedly produced a short squeeze that inflated the value of the position. As\naverred, only after the price peaked did the alleged dumping of shares begin.\n\nAlleged Personal Liability Points for Investors\n\n * Halbower is named as a defendant under Sections 9(a) and 10(b) of the Exchange\nAct and Rule 10b-5, not merely as a firm principal.\n * SEC filings allegedly reported his individual beneficial ownership rising from\n12.3% to 22.2% of Avis stock within roughly one month.\n * Those disclosures allegedly included call options covering 254,700 and later\n775,800 shares of common stock.\n * Pentwater's total economic interest allegedly reached 51% through stock and\ncash-settled swaps by March 2026.\n * The complaint contends a sophisticated fund and its chief investment officer\nknew precisely the market effect of the alleged trading.\n * Avis later disclosed a $650 million settlement of Section 16(b) short-swing\nprofit claims involving Pentwater and affiliated persons.\n\"Corporate officers and investment principals have a duty to ensure their\ntrading and public disclosures do not distort the market, and this complaint\nalleges that a 51% economic interest was built and unwound in ways that harmed\nordinary Avis shareholders,\" -- Joseph E. Levi, Esq.\n\nSubmit your information here\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4752100-6&h=3964414478&u=https%3A%2F%2Fsuewallst.com%2Flawsuits%2Favis-budget-group-inc-class-action-lawsuit-car%3Fprid%3D198822%26wire%3D4&a=Submit+your+information+here)\n or call (888) SueWallSt.\n\nWHY SUEWALLST: SueWallSt is powered by Levi & Korsinsky LLP. Levi &\nKorsinsky LLP has established itself as a nationally-recognized securities\nlitigation firm that has secured hundreds of millions of dollars for aggrieved\nshareholders and built a track record of winning high-stakes cases. The firm\nhas extensive expertise representing investors in complex securities\nlitigation and a team of over 70 employees to serve our clients. For seven\nyears in a row, Levi & Korsinsky has ranked in ISS Securities Class Action\nServices' Top 50 Report as one of the top securities litigation firms in the\nUnited States.\n\nFrequently Asked Questions About the CAR Lawsuit\n\nQ: Who are the defendants named in the CAR lawsuit? A: The complaint names\nPentwater Capital Management LP and Matthew Halbower, Pentwater's Founder,\nChief Executive Officer, and Chief Investment Officer, whose individual\nbeneficial ownership of Avis stock was reported in SEC filings during the\nrelevant period.\n\nQ: How much did CAR stock drop? A: Shares reached a peak closing price of\n$713.97 on April 21, 2026. The following day, the stock fell approximately\n37.82%, or $270.03, to close at $443.94. Shares slid a further approximate\n$261.94, closing at only $182.005 on April 28, 2026. Investors who purchased\nduring the Class Period at allegedly inflated prices may be eligible to seek\ncompensation.\n\nQ: What court was the CAR class action filed in? A: The case was filed in the\nUnited States District Court for the Middle District of Florida.\n\nQ: What is a lead plaintiff and why does it matter? A: A lead plaintiff is\nthe investor appointed by the court to represent the entire class. Lead\nplaintiffs are typically investors with the largest documented losses. Being\nappointed does not increase individual recovery but gives direct oversight of\nhow the case is run.\n\nQ: What documents do I need to submit my information? A: Brokerage statements\nor trade confirmations showing purchase dates, share quantities, prices paid,\nand any subsequent sale dates and prices.\n\nQ: What if I already sold my CAR shares -- can I still recover losses? A:\nYes. Eligibility is based on when you purchased, not whether you still hold\nthe shares. Investors who bought during the Class Period and sold at a loss\nmay still be eligible to participate.\n\nQ: Do I need to go to court or give testimony? A: No. The overwhelming\nmajority of class members never appear in court or give depositions. If there\nis a settlement or recovery, eligible class members generally submit a claim\nform to seek their portion.\n\nQ: What does it cost me to participate? A: There is no upfront cost to submit\nyour information and review whether you may be eligible to recover. Should you\nchoose to participate in the securities class action, they are generally\nhandled on a contingency basis, with any attorneys' fees and expenses subject\nto court approval.\n\nCONTACT:\nLevi & Korsinsky, LLP\nJoseph E. Levi, Esq.\n33 Whitehall Street, 27th Floor\nNew York, NY 10004\njlevi@SueWallSt.com (mailto:jlevi@SueWallSt.com)\nTel: (888) SueWallSt\nFax: (212) 363-7171\n\nAttorney Advertising. Prior results do not guarantee similar outcomes.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/car-deadline-alert-suewallst-reminds-pentwater-capital-management-lp-car-investors-of-securities-class-action-deadline-on-september-29-2026-302851111.html\n(https://www.prnewswire.com/news-releases/car-deadline-alert-suewallst-reminds-pentwater-capital-management-lp-car-investors-of-securities-class-action-deadline-on-september-29-2026-302851111.html)\n\nSOURCE SueWallSt.com\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1812443/suewallst-logo-1-Logo.jpg?id=OA2882224\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn1vsVt1a","title":"CAR Deadline Alert: SueWallSt Reminds Pentwater Capital Management LP (CAR) Investors of Securities Class Action Deadline on September 29, 2026","author":"PR Newswire","ticker":"CAR","created":"2026-08-13T16:37:02.416Z","tickers":["CAR"],"exchange":"NASDAQ","article_body":"CAR Deadline Alert: SueWallSt Reminds Pentwater Capital Management LP (CAR) Investors of Securities Class Action Deadline on September 29, 2026\n\nPR Newswire\n\nNEW YORK, Aug. 13, 2026\n\nA securities class action alleges that Matthew Halbower, Pentwater Capital\nManagement's founder, Chief Executive Officer, and Chief Investment Officer,\npersonally directed the accumulation and sudden dumping of Avis Budget Group\nshares that allegedly cost investors billions in value.\n\nNEW YORK, Aug. 13, 2026 /PRNewswire/ -- SueWallSt alerts investors in Avis\nBudget Group, Inc. (NASDAQ: CAR) that a securities class action is pending\nagainst Pentwater Capital Management LP and its founder and chief executive,\nMatthew Halbower, on behalf of purchasers of Avis securities between February\n20, 2025 and April 21, 2026. Find out if you could qualify to recover your\nlosses\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4752100-6&h=1848104146&u=https%3A%2F%2Fsuewallst.com%2Flawsuits%2Favis-budget-group-inc-class-action-lawsuit-car%3Fprid%3D198822%26wire%3D4&a=Find+out+if+you+could+qualify+to+recover+your+losses)\n. You may also contact Joseph E. Levi, Esq. at jlevi@SueWallSt.com\n(mailto:jlevi@SueWallSt.com) or (888) SueWallSt.\n\nAvis shares peaked at $765.94 on April 21, 2026, then collapsed to close at\n$182.005 on April 28, 2026. Pentwater is alleged to have sold 4.3 million\nshares for gross proceeds of $1.75 billion on April 22 and April 23, 2026. The\ndeadline to apply for lead plaintiff appointment is September 29, 2026.\n\nThe Named Individual Defendant\n\nHalbower is identified in the action as Pentwater's Founder, CEO, and Chief\nInvestment Officer. Unlike many securities cases where an executive is alleged\nto have merely signed filings, the complaint charges that Halbower personally\nreported ownership of the Avis position alongside the firm, with SEC filings\ndisclosing that he individually held 4,327,200 shares (12.3%) as of March 6,\n2026 and 7,824,100 shares (22.2%) as of April 7, 2026.\n\nAlleged Individual Direction of the Trading Scheme\n\nThe pleading asserts that Pentwater and Halbower steadily accumulated a\nmassive equity stake despite what it characterizes as weak underlying Avis\nfundamentals, and that this buying, combined with heavy short interest,\nallegedly produced a short squeeze that inflated the value of the position. As\naverred, only after the price peaked did the alleged dumping of shares begin.\n\nAlleged Personal Liability Points for Investors\n\n * Halbower is named as a defendant under Sections 9(a) and 10(b) of the Exchange\nAct and Rule 10b-5, not merely as a firm principal.\n * SEC filings allegedly reported his individual beneficial ownership rising from\n12.3% to 22.2% of Avis stock within roughly one month.\n * Those disclosures allegedly included call options covering 254,700 and later\n775,800 shares of common stock.\n * Pentwater's total economic interest allegedly reached 51% through stock and\ncash-settled swaps by March 2026.\n * The complaint contends a sophisticated fund and its chief investment officer\nknew precisely the market effect of the alleged trading.\n * Avis later disclosed a $650 million settlement of Section 16(b) short-swing\nprofit claims involving Pentwater and affiliated persons.\n\"Corporate officers and investment principals have a duty to ensure their\ntrading and public disclosures do not distort the market, and this complaint\nalleges that a 51% economic interest was built and unwound in ways that harmed\nordinary Avis shareholders,\" -- Joseph E. Levi, Esq.\n\nSubmit your information here\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4752100-6&h=3964414478&u=https%3A%2F%2Fsuewallst.com%2Flawsuits%2Favis-budget-group-inc-class-action-lawsuit-car%3Fprid%3D198822%26wire%3D4&a=Submit+your+information+here)\n or call (888) SueWallSt.\n\nWHY SUEWALLST: SueWallSt is powered by Levi & Korsinsky LLP. Levi &\nKorsinsky LLP has established itself as a nationally-recognized securities\nlitigation firm that has secured hundreds of millions of dollars for aggrieved\nshareholders and built a track record of winning high-stakes cases. The firm\nhas extensive expertise representing investors in complex securities\nlitigation and a team of over 70 employees to serve our clients. For seven\nyears in a row, Levi & Korsinsky has ranked in ISS Securities Class Action\nServices' Top 50 Report as one of the top securities litigation firms in the\nUnited States.\n\nFrequently Asked Questions About the CAR Lawsuit\n\nQ: Who are the defendants named in the CAR lawsuit? A: The complaint names\nPentwater Capital Management LP and Matthew Halbower, Pentwater's Founder,\nChief Executive Officer, and Chief Investment Officer, whose individual\nbeneficial ownership of Avis stock was reported in SEC filings during the\nrelevant period.\n\nQ: How much did CAR stock drop? A: Shares reached a peak closing price of\n$713.97 on April 21, 2026. The following day, the stock fell approximately\n37.82%, or $270.03, to close at $443.94. Shares slid a further approximate\n$261.94, closing at only $182.005 on April 28, 2026. Investors who purchased\nduring the Class Period at allegedly inflated prices may be eligible to seek\ncompensation.\n\nQ: What court was the CAR class action filed in? A: The case was filed in the\nUnited States District Court for the Middle District of Florida.\n\nQ: What is a lead plaintiff and why does it matter? A: A lead plaintiff is\nthe investor appointed by the court to represent the entire class. Lead\nplaintiffs are typically investors with the largest documented losses. Being\nappointed does not increase individual recovery but gives direct oversight of\nhow the case is run.\n\nQ: What documents do I need to submit my information? A: Brokerage statements\nor trade confirmations showing purchase dates, share quantities, prices paid,\nand any subsequent sale dates and prices.\n\nQ: What if I already sold my CAR shares -- can I still recover losses? A:\nYes. Eligibility is based on when you purchased, not whether you still hold\nthe shares. Investors who bought during the Class Period and sold at a loss\nmay still be eligible to participate.\n\nQ: Do I need to go to court or give testimony? A: No. The overwhelming\nmajority of class members never appear in court or give depositions. If there\nis a settlement or recovery, eligible class members generally submit a claim\nform to seek their portion.\n\nQ: What does it cost me to participate? A: There is no upfront cost to submit\nyour information and review whether you may be eligible to recover. Should you\nchoose to participate in the securities class action, they are generally\nhandled on a contingency basis, with any attorneys' fees and expenses subject\nto court approval.\n\nCONTACT:\nLevi & Korsinsky, LLP\nJoseph E. Levi, Esq.\n33 Whitehall Street, 27th Floor\nNew York, NY 10004\njlevi@SueWallSt.com (mailto:jlevi@SueWallSt.com)\nTel: (888) SueWallSt\nFax: (212) 363-7171\n\nAttorney Advertising. Prior results do not guarantee similar outcomes.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/car-deadline-alert-suewallst-reminds-pentwater-capital-management-lp-car-investors-of-securities-class-action-deadline-on-september-29-2026-302851111.html\n(https://www.prnewswire.com/news-releases/car-deadline-alert-suewallst-reminds-pentwater-capital-management-lp-car-investors-of-securities-class-action-deadline-on-september-29-2026-302851111.html)\n\nSOURCE SueWallSt.com\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1812443/suewallst-logo-1-Logo.jpg?id=OA2882224\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-08-13T16:37:02.470061996Z","server_sent_at_ms":1786639022470},"received_at":"2026-08-13T16:37:02.525Z","source_url":"https://www.prnewswire.com/news-releases/car-deadline-alert-suewallst-reminds-pentwater-capital-management-lp-car-investors-of-securities-class-action-deadline-on-september-29-2026-302851111.html"},"analysis":{"id":"107497","press_release_id":"118507","analysis_json":{"industry":{"label":"Specialized Consumer Services","sector":"Consumer Discretionary"},"redFlags":[],"eventType":"legal_litigation","narrative":"SueWallSt, powered by Levi & Korsinsky LLP, issued a reminder for Avis Budget Group (CAR) investors regarding a September 29, 2026 deadline to seek lead plaintiff status in a class action lawsuit against Pentwater Capital Management.\n\nThe complaint alleges Pentwater and its CEO Matthew Halbower artificially inflated Avis shares before selling 4.3 million shares for $1.75 billion, causing the stock to plummet from $765.94 to $182.005 in April 2026.\n\nThis press release is a law-firm solicitation and does not constitute a new disclosure from Avis Budget Group.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm solicitation -- suppress."},"keyFigures":null,"quotedText":"","namedEntities":{"people":[{"name":"Matthew Halbower","role":"Founder, CEO and CIO of Pentwater Capital Management LP (Defendant)"},{"name":"Joseph E. Levi","role":"Attorney, Levi & Korsinsky LLP"}],"products":[],"companies":[{"name":"SueWallSt","relationship":"plaintiff law firm"},{"name":"Levi & Korsinsky LLP","relationship":"plaintiff law firm"},{"name":"Pentwater Capital Management LP","relationship":"defendant"},{"name":"Avis Budget Group, Inc.","ticker":"CAR","relationship":"target / issuer"}],"dollarAmounts":[{"amount":"$1.75 billion","context":"gross proceeds from alleged sale of 4.3 million shares"},{"amount":"$765.94","context":"peak share price on April 21, 2026"},{"amount":"$182.005","context":"closing share price on April 28, 2026"},{"amount":"$650 million","context":"disclosed settlement of Section 16(b) short-swing profit claims"}]},"materialImpact":{"score":1,"reasoning":"Plaintiff law-firm shareholder solicitation issued by Levi & Korsinsky LLP (SueWallSt). No new disclosure from the issuer; no certified class or settlement announced. Routine lead-plaintiff-deadline reminder."},"tickerRelevance":{"others":[],"primary":"CAR"},"globalImportance":15,"audienceRelevance":10,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false}},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"SueWallSt, powered by Levi & Korsinsky LLP, issued a reminder for Avis Budget Group (CAR) investors regarding a September 29, 2026 deadline to seek lead plaintiff status in a class action lawsuit against Pentwater Capital Management.\n\nThe complaint alleges Pentwater and its CEO Matthew Halbower artificially inflated Avis shares before selling 4.3 million shares for $1.75 billion, causing the stock to plummet from $765.94 to $182.005 in April 2026.\n\nThis press release is a law-firm solicitation and does not constitute a new disclosure from Avis Budget Group.","key_figures":null,"named_entities":{"people":[{"name":"Matthew Halbower","role":"Founder, CEO and CIO of Pentwater Capital Management LP (Defendant)"},{"name":"Joseph E. Levi","role":"Attorney, Levi & Korsinsky LLP"}],"products":[],"companies":[{"name":"SueWallSt","relationship":"plaintiff law firm"},{"name":"Levi & Korsinsky LLP","relationship":"plaintiff law firm"},{"name":"Pentwater Capital Management LP","relationship":"defendant"},{"name":"Avis Budget Group, Inc.","ticker":"CAR","relationship":"target / issuer"}],"dollarAmounts":[{"amount":"$1.75 billion","context":"gross proceeds from alleged sale of 4.3 million shares"},{"amount":"$765.94","context":"peak share price on April 21, 2026"},{"amount":"$182.005","context":"closing share price on April 28, 2026"},{"amount":"$650 million","context":"disclosed settlement of Section 16(b) short-swing profit claims"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-13T19:53:03.563Z","global_importance":15,"audience_relevance":10,"importance_components":{"tickerTier":"small-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false}},"durationMs":115714,"modelName":"glm-4.7"}}