Avis Budget Group Inc.
Avis Budget Group, Inc. Announces Voluntary Dismissal of Shareholder Derivative Actions
Summary
On February 27, 2026, Avis Budget Group, Inc. announced the voluntary dismissal of two shareholder derivative actions filed in the United States District Court for the District of New Jersey. The actions, which were initiated by plaintiffs Andrew Jones and Arjun Dua against certain of Avis's current or former officers and directors, were filed in June and September 2025, respectively. The derivative suits arose from Avis's announcement in February 2025 about accelerating its fleet rotation and taking a non-cash impairment for the fourth quarter of 2024. The plaintiffs have advised Avis, the defendants, and the Court of their intent to voluntarily dismiss the actions. The District Court for the District of New Jersey ordered that notice of the voluntary dismissals be provided to Avis shareholders. If no other Avis shareholder seeks to intervene, the actions will be dismissed without prejudice.
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About Avis Budget Group Inc.
Avis Budget Group Inc. is a prominent provider in the vehicle rental and car sharing industry, operating through its well-recognized brands including Avis, Budget, and Zipcar. Its primary function is to offer vehicle leasing services to a variety of customer segments, ranging from individual travelers to large corporate clients. Avis Budget Group significantly impacts the travel and tourism sector, providing essential rental solutions that enhance mobility and convenience for consumers globally. Headquartered in Parsippany, New Jersey, the company maintains a strong presence in over 180 countries, leveraging a comprehensive network that includes on-airport and off-airport locations. Avis Budget Group plays a critical role in the mobility industry, utilizing technology and innovation to streamline the rental experience, such as through mobile app interfaces and automated service offerings. Its strategic position in fleet management and vehicle sales further underscores its importance in the broader transportation market.
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