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Hertz wins dismissal of lawsuit in Delaware over warrants
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Hertz wins dismissal of lawsuit in Delaware over warrants
Feb 7, 2025 12:59 PM

Feb 7 (Reuters) - Hertz Global Holdings ( HTZ ) on

Friday won the dismissal of a lawsuit claiming that the rental

car company was required to redeem shareholders' common stock

warrants after undergoing a series of financing transactions.

Judge Eric Davis of the Delaware Chancery Court said Hertz's

decisions to repurchase $3.4 billion of stock and take on $2.2

billion of debt between November 2021 and December 2023 did not

qualify as a "reorganization event" sufficient to allow

investors to redeem their warrants.

(Reporting by Jonathan Stempel in New York)

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