New Questions Over Corporate Officers' Legal Duties

By David Lopez, Arthur Kohn and Margot Mooney (May 14, 2019, 12:13 PM EDT) -- In late March 2019, the Hertz Corporation and Hertz Global Holdings Inc., filed two complaints against its former CEO, chief financial officer, general counsel and a group president seeking recovery of $70 million in incentive payments and $200 million in consequential damages resulting from Hertz's 2015 decision to restate its financial statements and an ensuing U.S. Securities and Exchange Commission settlement against Hertz and federal class action lawsuit (which was dismissed). At the same time, the defendants in those actions each filed separate complaints (which have been consolidated in the Delaware Chancery Court) demanding advancement of their legal fees in the damages proceedings....

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!