Avis Seeks To Overturn $16M Award In Merger Spat

Law360, New York (October 21, 2009, 6:01 PM EDT) -- Avis Budget Group Inc. said Wednesday it would ask a judge to set aside a $16 million jury award against it in a suit brought by Avis licensee Alaska Rent-A-Car Inc. accusing the car rental company of breaching a settlement in a contract dispute by combining the operations of Avis and Budget Rent A Car following a 2002 merger.

The U.S. District Court for the District of Alaska on Tuesday entered the $16 million judgment against Avis Budget Group and Avis Budget Car Rental LLC, after...
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