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More than 200 plaintiffs are suing Hertz in bankruptcy court for false arrests. A judge is ruling on how some cases will move forward Wednesday.
Months before the irrational trading in GameStop Corp, there was Hertz Global Holdings Inc. Operating under bankruptcy protection last spring once the COVID-19 pandemic wiped out its business, the ...
Coronavirus Fuels Hertz Bankruptcy Filing Economic damage from the coronavirus forced Hertz to file for Chapter 11 bankruptcy Friday after nearly a month of speculation. Between Feb. 20 and May 26 ...
The bankruptcy filing started a 60-day clock, during which Hertz's secured lenders must wait before they can foreclose on the 400,000 U.S. cars that were financed through such arrangements. [ 47 ] Despite the bankruptcy filing, Hertz announced on June 11, 2020, that it was seeking to raise up to $1 billion in new equity (with disclaimers that ...
Hertz filed for bankruptcy protection Friday, unable to withstand the coronavirus pandemic that has crippled global travel and with it, the heavily indebted 102-year-old car rental company’s ...
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Hertz's board earlier in the day approved the company seeking Chapter 11 protection in a U.S. bankruptcy court in Delaware, according to court records. ... The more than a century old car rental ...