The lawsuit, filed by the Rosen Law Firm, targets trading activity occurring between February 20, 2025, and April 21, 2026. According to the complaint, Pentwater Capital exploited its status as one of Avis’s largest shareholders—controlling roughly 51% of the company through a combination of stock and cash-settled swaps—to drive up share prices. This surge reportedly forced short sellers to cover their positions, creating a cycle of volatility that served to boost the firm's portfolio value.

Investors who purchased Avis securities during this period are eligible to participate in the litigation. Those seeking to serve as lead plaintiff must file a motion with the court by September 29, 2026. While the firm operates on a contingency fee basis, no class has yet been certified. Investors retain the option to select their own counsel or remain absent class members without forfeiting the right to potential future recoveries.