Hertz Controllers Saw $126M In Short-Swing Profits, Suit Says
Law 360
FEBRUARY 1, 2024
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.
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