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Roth v. CK Amarillo LP et al
Case Number:
1:24-cv-00706
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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April 01, 2025
Judge Tosses Hertz Investor's $126M Short-Swing Profits Suit
A New York federal judge has tossed, for good, a suit against the controlling shareholders of Hertz Global Holdings Inc. that claimed they realized at least $126 million in short-swing profits by selling their shares shortly before the car rental company's directors greenlighted a $2 billion stock repurchase program.
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February 01, 2024
Hertz Controllers Saw $126M In Short-Swing Profits, Suit Says
The controlling shareholders of car rental company Hertz Global Holdings Inc. were hit with an investor suit in New York federal court alleging they realized at least $126 million in short-swing profits by selling their shares shortly before the company's directors greenlit a $2 billion stock repurchase program.