DOJ Tells Justices to Skip Hertz’s ‘Make-Whole’ Ruling Dispute

The Justice Department urged the US Supreme Court to decline Hertz Corp.'s challenge to more than $320 million in enhanced payments for bondholders from the car rental company’s bankruptcy.

The justices shouldn’t review the US Court of Appeals for the Third Circuit ruling because there’s no meaningful circuit court split, and the central issue that spurred the suit—that a corporate debtor became solvent in bankruptcy—isn’t a recurring problem, the Justice Department’s solicitor general’s office said in an amicus brief Wednesday.

“The question presented is irrelevant to nearly all bankruptcy proceedings because the vast majority of debtors remain insolvent throughout their ...