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RAMIREZ, JR. v. HERTZ GLOBAL HOLDINGS, INC. et al
Case Number:
2:13-cv-07050
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
- Carella Byrne
- Cohn Lifland
- Dechert LLP
- Klafter Lesser
- Linklaters
- Marino Tortorella
- Robbins Geller
- Venable LLP
- Weil Gotshal
Companies
Sectors & Industries:
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February 27, 2019
Hertz Slams Investors' Last-Ditch Bid To Revive Fraud Suit
Hertz Global Holdings Inc. has asked a New Jersey federal judge to kill what is likely shareholders' last chance to revive a putative securities class action over allegedly false and misleading statements about Hertz's financial condition and internal controls.
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April 28, 2017
Hertz Beats Shareholder Class Action Again
A New Jersey federal judge on Thursday tossed with prejudice a putative shareholder class action against Hertz Global Holdings Inc. that claimed the rental car giant and its executives misled investors and pressured employees to hide unsavory news, finding that the shareholders' fifth round of pleadings fell short.
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June 14, 2016
Hertz Says Shareholders Can't Prove Execs Hid Info
Hertz again urged a New Jersey federal court to dismiss a proposed class action by shareholders who claimed the rental car giant and some former and current executives misled investors and fostered a corporate environment to hide unsavory news, arguing they can't rely solely on public disclosures.
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May 09, 2016
Hertz Investors Say Execs Playing Blame Game In Suit
A proposed class of Hertz shareholders seeking to preserve claims that the rental car giant and some former and current executives made misleading financial reports and fostered a corporate environment to hide unsavory news said Friday that the executives' efforts to toss the suit by blaming others are unconvincing.
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March 25, 2016
Hertz Exec. Moves To Duck Securities Fraud Suit
A senior executive for The Hertz Corp. told a New Jersey federal judge on Thursday that he should be dismissed from a securities fraud suit alleging that the rental car giant made misleading financial reports and hid unsavory news stemming from the spinoff of its Advantage Rent a Car unit, saying that the allegations didn't indicate recklessness or motive.
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November 05, 2015
Hertz Says Restated Financials Don't Revive Investor Suit
Hertz Global Holdings told a New Jersey federal judge Wednesday that a recent financial restatement can't revive a dismissed securities fraud suit claiming the rental car giant made misleading financial reports and hid bad news stemming from the spinoff of its Advantage Rent a Car unit.
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July 22, 2015
Hertz Beats Shareholder Class Action
A New Jersey federal judge on Wednesday tossed a proposed securities class action accusing Hertz Global Holdings Inc. of misleading investors about its projected financial results and the spinoff of its Advantage Rent a Car unit.
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May 07, 2015
Hertz Says Omnicare Can't Save Shareholder Class Action
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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May 01, 2015
Hertz Investors Say Their Claims Meet Omnicare Standard
Shareholders in a securities class action against Hertz Global Holdings Inc. asked a New Jersey federal judge on Thursday not to dismiss their case in light of the Supreme Court's Omnicare ruling, arguing management knew the company was in trouble while expressing positive opinions of its finances and the spinoff of a unit.
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June 24, 2014
Hertz Seeks Dismissal Of 'Flawed' Shareholder Class Action
Hertz Global Holdings Inc. on Tuesday asked a New Jersey federal judge to toss a putative class action accusing it of misleading investors, arguing that the suit wrongly holds the company liable for optimistic opinions that contain no actionable misstatements.