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Attorneys

Herc Holdings Inc.

Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Herc Holdings Inc. (NYSE: HRI) resulting from allegations that Herc may have issued materially misleading business information to the investing public.

If you purchased shares of Herc and would like to join the action, please click "Join This Class Action" above.

Press Release

EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Herc Holdings Inc. – HRI

New York, N.Y., August 8, 2017.  Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Herc Holdings Inc. (NYSE: HRI) resulting from allegations that Herc may have issued materially misleading business information to the investing public.

On March 15, 2017, Herc filed its annual report for 2016, stating that the Company had identified material weakness in its internal control over financial reporting.  Herc specifically cited, among other issues, ineffective design and maintenance of controls over accounting for payroll, income tax accounts, and relating to certain IT systems, as well as certain material weaknesses inherited from Hertz Holdings. On August 8, 2017, Herc filed a quarterly report for the second quarter of 2017, stating that the previously reported material weaknesses “were not remediated at June 30, 2017,” that the Company had “established a task force and assigned a working group to each of the material weaknesses,” and that “[t]wo key accounting positions, Controller and Chief Accounting Officer and Assistant Controller, have been filled or replaced by the Company and four additional accounting supervisors have been hired during the six months ended June 30, 2017.” On this news, shares of Herc fell sharply during intraday trading on August 8, 2017.

Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Herc investors. If you purchased shares of Herc, please visit the firm’s website at http://www.rosenlegal.com/cases-1186.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.

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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Since 2014, Rosen Law Firm has been ranked #2 in the nation by Institutional Shareholder Services for the number of securities class action settlements annually obtained for investors.

Attorney Advertising.  Prior results do not guarantee a similar outcome.

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Contact Information:

      Laurence Rosen, Esq.
      Phillip Kim, Esq.
      Kevin Chan, Esq.
      The Rosen Law Firm, P.A.
      275 Madison Avenue, 34th Floor
      New York, NY  10016
      Tel: (212) 686-1060
      Toll Free: (866) 767-3653
      Fax: (212) 202-3827
      lrosen@rosenlegal.com
      pkim@rosenlegal.com
      kchan@rosenlegal.com
      www.rosenlegal.com