Reported about 8 hours ago
Hertz Global Holdings successfully had a lawsuit dismissed by a Delaware court, which could have led to a liability of hundreds of millions of dollars from warrant holders associated with Discovery Capital Management. The plaintiffs alleged that Hertz underwent a significant 'recapitalization' that triggered payments to them. However, the court ruled that the financial actions taken by Hertz did not constitute substantial structural changes, and thus, the breach of contract claims were rejected. Hertz expressed satisfaction with the ruling, calling the claims baseless.
Source: YAHOO