Settlement Talks Delay United Rentals, Cerberus Trial

Law360, New York (December 17, 2007, 12:00 AM EST) -- In a lawsuit between United Rentals Inc. and Cerberus Capital Management LP over a buyout deal gone bad, the equipment leasing company said Monday the trial's start date has been postponed for one day to allow the parties to continue settlement talks.

United Rentals was quick to note that no settlement had yet been reached and said it could not provide any assurances that a settlement would be reached, and would not comment on a potential settlement. Both parties agreed to the delay, the company said....
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