NEW YORK, Nov. 14, 2014 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Hertz Global Holdings, Inc. ("Hertz" or the "Company") (NYSE: HTZ) concerning whether the board has breached its fiduciary duties to shareholders or violated the federal securities laws.
On May 13, 2014, the Company disclosed that it would be unable to timely file its Form 10-Q for the period ended March 31, 2014. On June 6, 2014, the Company filed a Form 8-K disclosing that its 2011 financial statements should no longer be relied on and should be restated, The Company is currently assessing whether a restatement will be necessary for its 2012 and 2013 financial statements.
On November 14, 2014, it was reported that the Company said it will revise its financial statements from 2011 through 2013 and continue to investigate improper accounting that has turned up over $87 million in errors to date. According to the Company, the Audit Committee of the board of directors is investigating management's role in the accounting problems. Hertz also stated that it was advised in June 2014 that the U.S. Securities and Exchange Commission is investigating.
Our investigation concerns whether the Company's officers and directors should be liable for the harm to Hertz. If you own Hertz shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
Attorney Advertising. © 2014 Harwood Feffer LLP. The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.
SOURCE Harwood Feffer LLP