Hertz Global Holdings Inc. directors and executives are responsible for the rental car company over-investing in electric vehicles and then suffering large depreciation-related financial losses from vehicle sales, an investor alleges.
The harm to the company includes paying about $127 million too much to repurchase its stock at inflated prices and spending money to defend itself in a proposed class action with similar allegations, Anand Roy says. He filed his shareholder derivative suit Wednesday in the US District Court for the Middle District of Florida.
Hertz announced in October 2021 that it had ordered 100,000 Tesla Inc. vehicles based on ...
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