Avis seeks court approval of USD 650 million Pentwater settlement in short-swing profits suit

Reuters2026/07/21 12:31

By:Reuters

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Avis Budget Group sought court approval of a settlement with Pentwater Capital in its Section 16(b) short-swing profits lawsuit.
The deal would require Pentwater to pay USD 650 million in cash to resolve the case.
The suit was filed June 16, 2026, in the U.S. District Court for the Southern District of New York.
The settlement remains subject to court findings that the amount is fair, reasonable, and adequate.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Avis Budget Group Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607210830PRIMZONEFULLFEED9765416) on July 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Avis seeks court approval of USD 650 million Pentwater settlement in short-swing profits suit

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