Hertz Advances $56 Million Suit Against Former Senior Managers

Hertz Corp. on Thursday moved closer to clawing back $56 million in incentive compensation, when a federal judge in New Jersey declined to dismiss claims that ex-senior managers involved in an accounting scandal violated their separation agreements and company standards of conduct.

Hertz can move forward with claims that former Chief Executive Officer Mark Frissora and John Zimmerman, its former general counsel, violated specific provisions of business conduct that were in effect in 2011 and 2012, Judge Esther Salas said in an unpublished ruling.

The standards aren’t so vague that they’re unenforceable, the U.S. District Court for the District of ...