The plaintiffs are suing Hertz for "maliciously turning potential civil disputes about payment … into criminal theft reports and prosecutions.”

The plaintiffs are suing Hertz for "maliciously turning potential civil disputes about payment … into criminal theft reports and prosecutions.”

The settlement suspends litigation with debtors. Hertz agrees to pay $650 million and dispose of at least 182,521 leased vehicles by December 31.

The settlement suspends litigation with debtors. Hertz agrees to pay $650 million and dispose of at least 182,521 leased vehicles by December 31.

A dragged-out post-lockdown recovery, a huge debt pile, and the potential for zero recoveries for unsecured creditors make the Hertz bankruptcy a likely...

A dragged-out post-lockdown recovery, a huge debt pile, and the potential for zero recoveries for unsecured creditors make the Hertz bankruptcy a likely...

Hertz was advised by the SEC’s Division of Corporation Finance that it intended to review the plan, at which point the plan was suspended.

Hertz was advised by the SEC’s Division of Corporation Finance that it intended to review the plan, at which point the plan was suspended.

Data suggests that the COVID-19 lockdown has spurred a new wave of enthusiasm for staycations and road trips, and more Europeans would prefer to avoid...

Data suggests that the COVID-19 lockdown has spurred a new wave of enthusiasm for staycations and road trips, and more Europeans would prefer to avoid...