Chancery Preserves Most Of Hertz Shareholder Buyback Suit

By Leslie A. Pappas (June 20, 2024, 7:17 PM EDT) -- Several Hertz directors who authorized $4 billion in stock buybacks in 2022 that vaulted a private equity-based shareholder into a controlling position will have to face claims in Delaware's Court of Chancery that they breached their fiduciary duties to the company....

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