Hertz Global Holdings has reached a $10 million settlement in a long-standing lawsuit filed by investors who claimed the car rental company misled them about its electric vehicle (EV) demand. The lawsuit, which was initially filed in 2021, alleged that Hertz made false statements about the strong demand for its EV fleet, causing investors to lose millions of dollars. As the EV market continues to grow, the outcome of this case has significant implications for companies looking to invest in the sector. With the settlement, Hertz has avoided a potentially costly trial and can now focus on its plans to expand its EV offerings.
Hertz Reaches $10 Million Settlement in Investors’ EV Demand Row Bloomberg Law News
