(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)