Published
October 23, 2026
Investors who bought Hertz Global Holdings (Nasdaq: HTZ) common stock between January 6, 2023 and April 24, 2024 may qualify to claim a share of a $10 million Hertz securities class action settlement over statements about electric-vehicle demand. Claims close January 8, 2027; the final approval hearing is set for January 29, 2027.
Current Status
Claims are open. A Proof of Claim must be submitted online or postmarked by January 8, 2027; the online claim form sets the cutoff at 11:59 p.m. EST that day, while the notice gives the date alone. On October 2, 2026, the U.S. District Court for the Middle District of Florida granted preliminary approval and authorized notice to the class. The final approval hearing is set for January 29, 2027 at 10:00 a.m. in Fort Myers. No final approval order has been entered and no payment date has been announced.Free settlement alerts
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Status
Claims Open
Claim Deadline
January 8, 2027
Online by 11:59 p.m. EST or postmarked by this date · exclusions and objections are also due January 8, 2027
Estimated Payout
About $0.07 per share
Estimated average before fees · about $0.04 per share after requested fees and expenses · pro rata share of a $10,000,000 fund · no check under $10
Proof Required
Yes
Broker confirmations or account statements documenting every reported Hertz holding and trade · the online form also requires a Social Security or taxpayer identification number
What Changed Recently?
The claim process opened after a magistrate judge's October 2, 2026 order in Doller v. Hertz Global Holdings, Inc., Case No. 2:24-cv-00513, granted the plaintiff's unopposed motion for preliminary approval. The order approved the long-form notice, postcard notice, publication notice and Proof of Claim form, appointed Angeion Group, LLC as claims administrator, and scheduled the fairness hearing. The court had already certified the class on June 22, 2026, when U.S. District Judge Kyle C. Dudek granted the plaintiff’s unopposed motion for class certification and appointed Levi & Korsinsky, LLP as class counsel (Doc. 123). The settlement class is identical to the certified class. The order also declined some relief the parties had requested in passing, including a preliminary injunction, and said the court would decide attorneys' fees at the fairness hearing.The case was filed on May 31, 2024. The amended complaint alleges that Hertz, then-chief executive Stephen M. Scherr and then-chief financial officer Alexandra Brooks made materially false or misleading statements about demand for and forecasted rentals of the company's electric vehicles, and that those statements artificially inflated Hertz's stock price. According to the complaint, the market learned the truth in stages: on October 26, 2023, on January 11, 2024, when Hertz disclosed plans to sell about 20,000 EVs, roughly one-third of its EV fleet, and on April 25, 2024, when Hertz released its first-quarter results. The complaint says the company also took a $245 million write-down on the value of EVs it held. The claims are brought under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
The defendants deny every allegation of wrongdoing, fault, liability or damage, and continue to believe the claims are without merit. On October 10, 2025, the court granted the defendants' motion to dismiss in part and denied it in part, and the case moved into discovery. The parties agreed to a mediator's proposal at a March 12, 2026 mediation with JAMS and signed the Stipulation of Settlement on May 15, 2026. The settlement is not an admission of liability, and no court has found the allegations true.
Who Qualifies?
The class includes all persons or entities who purchased or otherwise acquired Hertz common stock between January 6, 2023 and April 24, 2024, inclusive, and were allegedly injured thereby. The notice adds two limits: owning a mutual fund that held Hertz stock does not by itself make someone a class member, and selling Hertz stock during the class period does not by itself either. Membership turns on directly buying or acquiring the shares. Only Hertz common stock (ticker HTZ, CUSIP 42806J700) is covered.Excluded from the class are the defendants; members of their immediate families; the subsidiaries and affiliates of the defendants; any officer, director or controlling person of Hertz; any entity in which a defendant has a controlling interest; the defendants' directors' and officers' liability insurance carriers and their affiliates and subsidiaries; and the legal representatives, heirs, successors or assigns of any excluded party. Anyone who submits a valid request for exclusion is also out.
For brokers and other nominees that held Hertz shares as record owners on behalf of clients, the preliminary approval order sets a separate process: within ten days they either forward the notice to the beneficial owners or send the administrator the owners' names and contact details.
How Much Could Class Members Receive?
The settlement fund is $10,000,000 in cash, plus interest. Based on an estimated 148.4 million allegedly damaged shares, the notice puts the average recovery at about $0.07 per share before deductions, and about $0.04 per share after the requested attorneys' fees, expenses and plaintiff award. Both figures are averages, not a per-share promise. A share may have changed hands more than once in the class period, and each payment depends on the claimant's trades and on the total value of all valid claims.Deductions come out of the fund before distribution: administration costs, taxes on interest, and whatever the court awards in fees and expenses. Lead Counsel, Levi & Korsinsky, LLP, intends to request attorneys' fees of up to one-third of the settlement amount ($3,333,333) plus interest, reimbursement of up to $300,000 in litigation expenses, and a compensatory award of up to $7,500 for the plaintiff. Class members are not billed for any of it.
The plan of allocation sets a per-share inflation figure for each stretch of the class period: $2.43 from January 6 through October 25, 2023; $1.63 on October 26, 2023; $1.36 from October 27, 2023 through January 10, 2024; $1.04 on January 11, 2024; $1.01 from January 12 through April 24, 2024; and $0.00 from April 25, 2024 on. Shares sold before October 26, 2023 calculate to zero. For shares sold from October 26, 2023 through April 24, 2024, the Recognized Loss is the lesser of the drop in inflation between purchase and sale or the actual trading loss, so shares bought and sold between two disclosure dates also calculate to zero. Shares sold from April 25 through July 23, 2024 receive the lesser of the purchase-date inflation, the trading loss, or the purchase price minus a 90-day look-back value listed in the notice for each sale date. Shares still held at the close on July 23, 2024 receive the lesser of the purchase-date inflation or the purchase price minus $4.25, the average closing price over the 90-day look-back period.
Each authorized claimant receives a pro rata share of the net fund, based on that claimant's total Recognized Loss compared with everyone else's. Transactions are matched First-In, First-Out. No payment is issued to anyone whose calculated distribution comes to less than $10.00.
What Proof Is Required?
Documentation is required. The live online claim form marks each of its four transaction sections "Must be documented" and includes an upload step for supporting records, accepting PDF, TIF, JPG, GIF and PNG files. The preliminary approval order describes adequate documentation as broker confirmation slips, brokerage account statements, an authorized broker statement containing the same transaction details, or other documentation the administrator or Lead Counsel accepts. The online form does not ask for a notice ID or PIN.The form asks for four things about Hertz common stock: shares held at the opening of trading on January 6, 2023; every purchase or acquisition from January 6, 2023 through July 23, 2024; every sale or disposition in that same window; and shares held at the close of trading on July 23, 2024. Transactions after April 24, 2024 are requested only so the 90-day look-back can be applied; purchases on or after April 25, 2024 do not themselves qualify.
The online form also requires a Social Security number or taxpayer identification number in its Substitute Form W-9 section, along with contact details and an electronic signature under penalty of perjury. Anyone filing in a representative capacity, such as an executor or trustee, must provide proof of authority to act.
What Is the Deadline?
The claim deadline is January 8, 2027. The online claim form states that submissions are due by 11:59 p.m. EST on that date; a paper form must be postmarked by January 8, 2027. The preliminary approval order sets the claim deadline 21 calendar days before the final approval hearing and allows the court to extend it.Requests for exclusion and objections are due the same day. Under the order, an exclusion request must be mailed and postmarked by January 8, 2027, identify the person, state the request to be excluded from the Settlement Class in this case, list every class-period purchase and sale with share counts and dollar amounts, give the shares held as of April 24, 2024, and include documentary proof of those transactions and of beneficial ownership. An exclusion means no payment from this settlement. Objections must be filed with the court and served on counsel by the same date, and a request to speak at the hearing goes in the objection or a separate filing. Class members who neither file a claim nor exclude themselves receive nothing and are still bound by the judgment if it is entered.
How Are Claims Filed?
Claims are filed through the court-authorized settlement website, Hertz Securities Settlement, which hosts the online Proof of Claim and Release Form. The site's Important Documents page carries the long-form notice with the full plan of allocation, a printable claim form, the preliminary approval order, the Stipulation of Settlement and the amended complaint. A separate section of the site serves banks, brokers and institutional filers.The notice states that the parties do not have records of individual trades, which is why the documentation requirement applies to every filer. Questions go to the claims administrator through the contact page on the settlement website; the notice asks class members not to contact the court.
What Happens Next?
The next milestone is the final approval hearing on January 29, 2027 at 10:00 a.m. at the United States Courthouse and Federal Building in Fort Myers, Florida. The court will consider whether the settlement is fair, reasonable and adequate, rule on objections, and decide the plan of allocation, the fee and expense request and the plaintiff's award. The order allows the court to move the hearing or convert it to a Zoom hearing without further notice, but not to set it earlier than January 29, 2027; the settlement website posts any change.Papers supporting the settlement and the fee request are due 35 days before the hearing. If the court grants final approval, distribution waits on any appeals and on the processing of every claim. No payment date has been announced.
Sources and Verification
• Official Settlement Website — Hertz Securities Settlement, including the online Proof of Claim and Release Form• Important Documents: Notice of Pendency and Proposed Settlement of Class Action and Plan of Allocation; Proof of Claim form; Stipulation of Settlement dated May 15, 2026 (Doc. 120-2); Amended Class Action Complaint filed September 30, 2024 (Doc. 50)
• Order granting Plaintiff's Unopposed Motion for Preliminary Approval of Class Action Settlement (Doc. 120), entered October 2, 2026
• Doller v. Hertz Global Holdings, Inc., et al., Case No. 2:24-cv-00513-KCD-KRH, U.S. District Court for the Middle District of Florida, Fort Myers Division
This case is unrelated to the 2022 settlement over renters falsely reported for car theft, covered in Hertz $168M False-Theft Accusation Settlement.
OpenClassActions.com is a consumer news and information site, not a law firm or the claims administrator. This article is general information about the Hertz EV securities settlement. It is not legal advice, and reading it does not create an attorney-client relationship.
Questions
Is the Hertz EV securities settlement the same as the Hertz false-theft settlement?
No. The $168 million Hertz false-theft settlement announced in December 2022 resolved claims by renters who said Hertz wrongly reported them to police for stealing rental cars. The $10 million settlement in Doller v. Hertz Global Holdings is a separate federal securities case brought on behalf of investors who bought Hertz common stock between January 6, 2023 and April 24, 2024. Renting a Hertz car does not make anyone a member of this class.
Do Hertz shares sold before October 26, 2023 recover anything?
Under the plan of allocation, shares bought in the class period and sold before October 26, 2023 have a Recognized Loss of $0. The complaint ties the alleged price declines to disclosures on October 26, 2023, January 11, 2024 and April 25, 2024, and federal securities law limits recovery to losses caused by those corrective disclosures. Shares bought and sold between two of those disclosure dates also calculate to $0.
Does owning a mutual fund that held Hertz stock count?
The notice says a mutual fund's ownership of Hertz common stock does not by itself make a fund investor a class member. The class covers people and entities that directly purchased or otherwise acquired Hertz common stock during the class period. Only Hertz common stock (ticker HTZ, CUSIP 42806J700) is eligible; other securities are left off the claim form.
How much are the lawyers asking for from the Hertz settlement?
Lead Counsel Levi & Korsinsky, LLP plans to ask the court for attorneys' fees of up to one-third of the fund, or $3,333,333, plus interest, reimbursement of up to $300,000 in litigation expenses, and a compensatory award of up to $7,500 for the plaintiff. The notice estimates those requests together at about $0.02 per allegedly damaged share. The court decides the amounts at the January 29, 2027 hearing.
Did Hertz admit wrongdoing in the EV securities settlement?
No. Hertz, Stephen M. Scherr and Alexandra Brooks deny all allegations of wrongdoing, fault, liability or damage, and the settlement states it is not evidence of liability. No court has found the allegations true. In October 2025 the court granted the motion to dismiss in part and denied it in part, which decided which claims could proceed, not whether they were correct.
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Settlement Amount
$10,000,000
Case Title
Doller v. Hertz Global Holdings, Inc., et al.
Case Number
2:24-cv-00513-KCD-KRH
Court
U.S. District Court, Middle District of Florida (Fort Myers Division)
Final Approval Hearing
January 29, 2027 at 10:00 AM
Fort Myers, Florida · may be moved or held by Zoom
Administrator
Angeion Group, LLC
Official Website
Hertz Securities Settlement
