Advantage Rent A Car, Hertz Settle Lease Deal Dispute

Law360, Los Angeles (December 11, 2013, 3:31 PM EST) -- Bankrupt Advantage Rent a Car has agreed to settle a dispute with former parent company Hertz Global Holdings Inc. over a terminated lease deal for rental vehicles, clearing the way for Advantage to sell its assets to Canadian private equity firm Catalyst Capital Group Inc., according to court documents released Tuesday. 

Advantage, whose legal name is Simply Wheelz LLC, filed for Chapter 11 bankruptcy protection last month after Hertz terminated their master lease agreement for a fleet of 24,000 rental vehicles because Advantage allegedly failed to...
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