A federal judge has once again dismissed a putative class action lawsuit against Hertz Global Holdings by its shareholders—this time for good—finding no evidence to demonstrate the company knowingly hid financial problems in order to boost the price of its stock.
May 01, 2017 at 04:05 PM
1 minute read
A federal judge has once again dismissed a putative class action lawsuit against Hertz Global Holdings by its shareholders—this time with prejudice—finding no evidence to demonstrate the company knowingly hid financial problems in order to boost the price of its stock.
U.S. District Judge Madeline Cox Arleo of the District of New Jersey dismissed the suit in a 53-page decision issued April 27.
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