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Hertz Says Omnicare Can't Save Shareholder Class Action

By Aebra Coe (May 7, 2015, 11:56 AM EDT) -- Attorneys for Hertz Global Holdings Inc. told a New Jersey federal court Wednesday that the U.S. Supreme Court's Omnicare ruling cannot keep a proposed securities class action against the car rental company alive because shareholders have failed to show that management lied to them following an acquisition or omitted information about the company's financial health....

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