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TOP NEWS
Hertz Brass Sued Over EV Write-Downs, Stock Buybacks
By Jarek Rutz
A Hertz Global Holdings Inc. stockholder has sued former CEO Stephen M. Scherr and a group of current and former officers and directors in Delaware Chancery Court, accusing them of concealing weak demand for electric-vehicle rentals while pursuing an EV strategy that allegedly left the rental-car company with hundreds of millions of dollars in losses.
Complaint attached |
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AVIATION
7th Circ. Told Boeing Investors Fail 'Comcast' Cert. Test
By Jessica Corso
The U.S. Chamber of Commerce is among those backing Boeing's call to the Seventh Circuit to overturn class certification in a case accusing the aerospace firm of misleading investors about the safety of its 737 Max fleet, arguing that the certification is dependent on a damages model that the U.S. Supreme Court and Fourth Circuit have rejected.
3 documents attached |
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