This Week in Chancery Court: Hertz, Carlyle Group, SwervePay

The Delaware Chancery Court will rule this week on Hertz Global Holdings Inc.‘s motion to dismiss an investor’s lawsuit over $2.8 billion in stock buybacks.

Delaware courts will be closed Wednesday for the Juneteenth holiday. Here’s a look at what else is on the Chancery Court’s calendar for the week:

Tuesday: Malt Family Trust v. 777 Partners LLC, Del. Ch., No. 2022-0652, hearing 6/18/24.

At issue: A discretionary trust wants to amend its complaint against investment firm 777 Partners LLC over its alleged breach of fiduciary duties involving an aviation leasing business it acquired. The lawsuit accuses ...