Hertz Board Panel Takes Control Of Shareholder Buyback Suit
By Jeff Montgomery ( October 22, 2024, 7:59 PM EDT) -- Delaware's chancellor has granted a Hertz Global Holdings Inc. board special committee's request to investigate stockholder-filed derivative claims challenging the fairness of $4 billion in stock buybacks in 2022 that vaulted a private equity-based shareholder into a controlling position, in a ruling that also sidelined related direct damage claims....
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