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In re: Hertz Global Holdings Inc
Case Number:
17-2200
Court:
Nature of Suit:
3850 Securities, Commodities, Exchange
Companies
Sectors & Industries:
-
September 20, 2018
3rd Circ. Won't Revive Securities Fraud Row Against Hertz
The Third Circuit on Thursday refused to revive a putative securities class action against Hertz Global Holdings Inc. over allegedly false and misleading statements about its financial condition and internal controls, saying the explanation that former company executives engaged in mismanagement is more plausible than shareholders' claims of a systemic fraud.
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June 12, 2018
3rd Circ. Unconvinced Hertz Execs' 'Bad Tone' Indicated Fraud
A Third Circuit panel on Tuesday pressed two pension funds to show why Hertz Global Holdings Inc.'s misrepresentations about its financial status were intentionally misleading, as they alleged in their securities fraud class action, and not merely the result of mismanagement.