Car Rental Giant Hertz Reaches $10 Million Settlement in investors' Electric Vehicle Demand Lawsuit Hertz, one of the world's largest car rental companies, has reached a $10 million settlement with investors who claimed the company misled them about its electric vehicle (EV) demand and sales projections. The lawsuit, filed in 2020, alleged that Hertz overstated its commitment to EVs and downplayed the risks of investing in the company's stock. The settlement marks a significant development in the ongoing legal battle between Hertz and its investors, who had sought billions of dollars in damages. The agreement brings an end to a highly publicized dispute that has kept investors and industry observers on high alert.
Hertz Reaches $10 Million Settlement in Investors’ EV Demand Row Bloomberg Law News
