LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Herc Holdings Inc. (“Herc” or the “Company”) (NYSE: HRI).
If you purchased or otherwise acquired Herc shares, and would like more information about the investigation, we encourage you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights without cost to you.
The investigation focuses on whether Herc and certain of its officers and/or directors violated federal securities laws. On March 15, 2017, the Company filed its annual report for 2016, advising investors that it identified material weakness in its internal control over financial reporting. Herc specifically cited, among other issues, ineffective design and maintenance of controls over accounting for payroll, income tax accounts, and relating to certain IT systems, as well as certain material weaknesses inherited from Hertz Holdings. On August 8, 2017, Herc filed a quarterly report for the second quarter of 2017, advising investors that the Company had “established a task force and assigned a working group to each of the material weaknesses,” and that “two key accounting positions, Controller and Chief Accounting Officer and Assistant Controller, have been filled or replaced by the Company and four additional accounting supervisors have been hired during the six months ended June 30, 2017.” Following this news, Herc’s stock price dropped.
If you have any questions concerning your legal rights, please immediately contact Goldberg Law PC at 800-977-7401, or visit our website at http://www.Goldberglawpc.com, or email us at firstname.lastname@example.org.
Goldberg Law PC represents investors around the world, and specializes in securities class action lawsuits and shareholder rights litigation.
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