July 26, 2023
Hertz told a New Jersey federal court it intends to get the Third Circuit's take on whether a trial judge erred when she tossed the car rental company's lawsuit seeking to claw back millions of dollars in bonuses from its former CEO over his alleged role in an accounting scandal.
June 26, 2023
A New Jersey federal judge on Monday ruled Hertz's clawback policies do not meet the criteria for a contract under state law, granting a win to former Hertz CEO Mark Frissora in the car rental company's suit seeking millions of dollars in bonuses over Frissora's alleged role in an accounting scandal.
October 27, 2022
Former Hertz CEO Mark Frissora has asked a New Jersey federal judge to declare him victor in the car rental company's "vengeful" lawsuit demanding he return millions of dollars in bonuses over his alleged role in an accounting scandal, while Hertz fired back that Frissora's efforts to plead his case "reveal how little confidence he has in his own arguments."
January 25, 2022
Hertz Corp. and its former general counsel came to an agreement resolving the company's claims looking to take back $56 million in incentive and severance pay due to what it considered misconduct, but claims against the company's ex-CEO are ongoing.
June 03, 2021
A New Jersey federal judge largely allowed Hertz Corp. to move forward Thursday with a lawsuit aimed at clawing back $56 million from its ex-CEO and former general counsel over their alleged breaches of company business standards in the runup to an accounting scandal.
August 03, 2020
Hertz urged a New Jersey federal judge not to toss a lawsuit attempting to claw back $56 million from a former general counsel and an ex-CEO, arguing that it had fixed defects the court pointed out when it trimmed the case in March.
June 25, 2020
A former Hertz CEO wants a New Jersey federal court to throw out the car rental outfit's lawsuit claiming he refused to give back millions of dollars in incentive pay after a huge accounting scandal.
May 13, 2020
A former Hertz CEO's heavy-handed management style, which included telling a colleague to "turn your brain on," contributed to an environment that led to false profit reports, the car rental outfit told the New Jersey federal court overseeing the company's bid to claw back $56 million from the ex-executive and a former Hertz general counsel.
March 13, 2020
The Hertz Corp.'s ex-CEO and former general counsel must face claims that they breached their contracts with the company by refusing to give back millions in bonuses after a huge accounting scandal, a New Jersey federal judge has ruled.
October 21, 2019
The Hertz Corp. wants to preserve a lawsuit seeking to recover tens of millions of dollars in bonuses paid to two former executives, telling a New Jersey federal judge that dismissal bids from the ex-CEO and former general counsel are meritless.