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The 60 day lead plaintiff period for this case has expired. If you are a member of the class but are not the lead plaintiff, you are an absent class member and your rights are protected during the pendency of the class action, unless you elect to opt out. As an absent class member, to share in the recovery from this case, if the case resolves successfully, you will need to file a proof of claim after the case is settled.

Hertz Global Holdings Inc, HTZ 401(k) / ERISA Lawsuit

Hertz Global Holdings Inc, has been accused of securities fraud. If you are a current or former employee or are a member of any of Hertz Global Holdings Inc, investment plans or profit sharing retirement plans you may be included in this possible Hertz Global Holdings Inc, 401(k) or Employee Retirement Income Security Act (ERISA) class action. If you purchased or held Hertz Global Holdings Inc, stock in one of those plans during the periods Feb-22-12 to Jun-6-14, you may have a claim.

Under ERISA, Hertz Global Holdings Inc, employees can file a lawsuit against the company for putting stock options at risk. Hertz Global Holdings Inc, employees have a claim if they can prove their employer violated its fiduciary duty to its employees. Fiduciary duty refers to a company's responsibility to the people who invest in it. If an employer puts the company's interest ahead of the investors', it has broken its fiduciary duty. A fiduciary is a person that exercises discretion over the management of plan assets or exercises discretionary control over the administration of the plan.

ERISA is a federal law that sets minimum standards for pension and health plans set up by private businesses. ERISA was designed to protect people who participate in employee benefit plans, including employees with stock options in a company. Stock options are a form of compensation in which employees are given the opportunity to purchase shares of the company stock at a certain price.

Hertz Global Holdings Inc, 401(k) / ERISA Legal Help

If you have suffered from Hertz Global Holdings Inc, 401(k) plan losses, you may qualify for damages or remedies that may be awarded in a possible Hertz Global Holdings Inc, ERISA class action lawsuit. Please click the link below to submit your complaint and we will have a lawyer review your ERISA complaint.
Published on Jun-16-14


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