Hertz can't dodge $270 mln in post-bankruptcy bond interest, court rules
Rental car company Hertz owes about $270 million in interest to bondholders who were paid off early as a result of the ...
Appeals court rules Hertz must pay bondholders $270 million in post-bankruptcy interest
A federal appeals court ruled in favor of bondholders Tuesday, ordering Hertz to pay them more than $270 million in interest ...
JD Supra18h
Third Circuit Follows Fifth and Ninth Circuits on Treatment of Make-Whole Claims in Bankruptcy
In a much-anticipated decision, the United States Court of Appeals for the Third Circuit recently held that unsecured ...
Hertz: It Keeps Getting Worse And Worse
Hertz faces increasing debt challenges, high interest rates, fluctuating used vehicle prices, and a court case loss impacting ...
The Hertz bankruptcy bonanza has slammed into reverse
In happier days, Hertz was the rare company in bankruptcy that was still solvent at the end of the case. As a consequence, its shareholders instead of being wiped out got a package worth just over $1 ...
Hertz Bankruptcy Was Too Good for Shareholders
Make-wholes, Goldman credit cards, SEC phone pings, an off-and-on merger, Jeff Bezos’s house and a Vulfpeck album.
Hertz Bondholders Win Appeal for $272 Million From Bankruptcy Dispute
A federal appeals court says Hertz can’t force bondholders to give up interest payments in chapter 11 while paying “massive ...
JD Supra1d
Third Circuit Finds Make-Whole Is Unmatured Interest That Must Be Paid by Solvent Debtor
The US Court of Appeals for the Third Circuit on September 10, 2024 issued its anticipated opinion in In re The Hertz Corp., with a majority ...