Avis Shareholders Seek to Dismiss Two Derivative Lawsuits

Reuters02-28

Avis Shareholders Seek to Dismiss Two Derivative Lawsuits

Avis Budget Group shareholders have been notified that two shareholder derivative lawsuits in the U.S. District Court for the District of New Jersey are slated for voluntary dismissal, pending court approval. The suits, filed in 2025 against certain current or former officers and directors, stem from the company’s February 2025 disclosure that it was accelerating fleet rotation and recording a non-cash impairment for the fourth quarter of 2024, and allege misleading statements and related fiduciary and securities-law violations. Shareholders may seek to intervene by April 13, 2026; otherwise the cases are expected to be dismissed without prejudice.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Avis Budget Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950142-26-000556), on February 27, 2026, and is solely responsible for the information contained therein.

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ID: 0000950142-26-000556), on February 27, 2026, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4022","symbol_name":"陆运","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260227:nNDL56gVv1:1","article_id":"2614620988","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2614620988","pubTimestamp":1772227214,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Avis Budget Group shareholders have been notified that two shareholder derivative lawsuits in the U.S. District Court for the District of New Jersey are slated for voluntary dismissal, pending court approval. 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Avis Budget Group Inc. published the orig","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4022":"陆运","CAR":"安飞士","BK4230":"旅客陆运"},"translate_title":"安飞士股东寻求驳回两起衍生诉讼","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CAR":0.9},"content_text":"Avis Shareholders Seek to Dismiss Two Derivative Lawsuits\n    \n\n        Avis Budget Group shareholders have been notified that two shareholder derivative lawsuits in the U.S. District Court for the District of New Jersey are slated for voluntary dismissal, pending court approval. The suits, filed in 2025 against certain current or former officers and directors, stem from the company’s February 2025 disclosure that it was accelerating fleet rotation and recording a non-cash impairment for the fourth quarter of 2024, and allege misleading statements and related fiduciary and securities-law violations. Shareholders may seek to intervene by April 13, 2026; otherwise the cases are expected to be dismissed without prejudice.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Avis Budget Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. 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