Attention Hertz Employees/Investors | KlaymanToskes
Summary
KlaymanToskes (“KT”), www.klaymantoskes.com, announced today that it is investigating damages sustained by current and former employees and investors of Hertz Global Holdings (NYSE:HTZ) (“Hertz”) who held large, unhedged concentrated positions in Hertz stock and/or received margin calls resulting in the forced sale of stock. The investigation focuses on full-service brokerage firms’ negligence and failure to supervise the management of concentrated, leveraged positions in Hertz stock. Investment portfolios holding large, concentrated stock positions carry significant downside risks, especially when leveraged by a margin loan. Since trading as high as 20.85 per share in February 2020, the price of Hertz stock dropped to 2.80 on May 5, 2020, a decline of more than 86%. The sole purpose of this release is to investigate whether strategies deployed by full-service brokerage firms were suitable for Hertz employees and investors with concentrated, leveraged stock positions.