Hertz Off The Hook For $337M Bond In Claim Recalculation Tiff
By Clara Geoghegan ( January 3, 2025, 5:39 PM EST) -- A Delaware bankruptcy judge said Hertz Corp. doesn't need to post a $337.4 million bond while she uses an appeals court decision on underpaid interest to recalculate a group of unsecured noteholders' claims, writing the request would alter Hertz's more than 3-year-old Chapter 11 plan and give the noteholders better treatment than other creditors....
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