February 27, 2019
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.
April 28, 2017
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.
June 14, 2016
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.
May 09, 2016
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.
March 25, 2016
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.
November 05, 2015
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.
July 22, 2015
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.
May 07, 2015
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.
May 01, 2015
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.
June 24, 2014
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.