---
schema_version: "secwatch.filing_event.v1"
accession: "0000723612-26-000032"
form_type: "8-K"
ticker: "CAR"
cik: "0000723612"
company_name: "AVIS BUDGET GROUP, INC."
filed_at: "2026-06-22T20:30:54+00:00"
generated_at: "2026-06-22T20:32:43.959469+00:00"
event_type: "litigation"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000723612-26-000032
- form_type: 8-K
- ticker: CAR
- cik: 0000723612
- company_name: AVIS BUDGET GROUP, INC.
- filed_at: 2026-06-22T20:30:54+00:00
- event_type: litigation
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/723612/000072361226000032/0000723612-26-000032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723612/000072361226000032/car-20260619.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000723612-26-000032
- JSON: https://secwatch.observer/filing/0000723612-26-000032.json
- Plain text: https://secwatch.observer/filing/0000723612-26-000032.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.