Avis Budget settles Section 16(b) lawsuit for $650M cash with Pentwater

AVIS BUDGET GROUP, INC.

Settlement of Section 16(b) action with Pentwater Capital Management for $650M in cash.
Company sued Pentwater for recovery of short-swing profits; settlement resolves that claim.
Payment subject to court approval; company must demonstrate diligent pursuit and fairness.
Settlement agreement entered June 19, 2026; 8-K filed June 22, 2026.

Featured in Daily 8-K Digest

Selected #8 for 2026-06-22. Read digest

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.