Shareholder Rights Law Firm Announces Class Actions Against Hertz Global Holdings, Humana Inc., FAT Brands Inc., and The Scotts Miracle-Gro Company

Bragar Eagel & Squire, P.C., a shareholder rights law firm, has initiated class action lawsuits on behalf of stockholders of Hertz Global Holdings, Humana Inc., FAT Brands Inc., and The Scotts Miracle-Gro Company. The lawsuits allege various claims against the companies and their executives.

Hertz Global Holdings, a vehicle rental company, is accused of making false and misleading statements about its business, operations, and prospects. The lawsuit claims that Hertz downplayed the financial impact of vehicle depreciation and overstated its ability to track and manage vehicle depreciation. It is alleged that Hertz had too many vehicles, particularly electric vehicles, in its fleet to remain profitable, resulting in significant losses. The lead plaintiff deadline for this case is July 30, 2024.

Humana Inc., a health insurer, is facing allegations that it made false and misleading statements regarding its adjusted earnings-per-share. The lawsuit claims that Humana downplayed the increased medical costs associated with pent-up demand for healthcare procedures, resulting in higher utilization rates and costs. The lead plaintiff deadline for this case is August 2, 2024.

FAT Brands Inc., a restaurant franchising company, is accused of failing to disclose improper payments made to its Chairman and former CEO, Andrew A. Wiederhorn. The lawsuit alleges that these payments exposed FAT Brands to criminal liability. The lead plaintiff deadline for this case is August 6, 2024.

The Scotts Miracle-Gro Company, a lawn and garden care products manufacturer, is facing allegations of making false and misleading statements about its inventory levels, debt covenant compliance, and financial performance. The lawsuit claims that Scotts executives engaged in a scheme to inflate sales by saturating the sales channels with more inventory than could be sold to end users. The lead plaintiff deadline for this case is August 2, 2024.

Investors who wish to participate in any of these class actions must meet the respective lead plaintiff deadlines. Bragar Eagel & Squire, P.C. is a nationally recognized law firm representing individual and institutional investors in complex litigation. For more information about the firm and the class actions, please visit their website.

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