Hertz Agrees To Pay $168 Million To Settle Allegations

Part of Hertz Global Holdings Inc. said Monday that it would pay $168 million to settle hundreds of claims


For reporting the car stolen, which in some cases leads to the false arrest of customers 

The car rental company said the settlement "resolved" more than 95% of its ongoing theft reports.

Hertz expects to recover a "significant portion" of the insurance settlement, it said

 Hertz shares fell nearly 3% on Monday, underperforming the broader stock market 

As I've said since joining Hertz earlier this year, my goal is to run a company that puts the customer first.

We are committed to that goal in resolving these claims,” CEO Stephen Scherr said in a statement.

Scherr, a former Goldman Sachs executive, became Hertz's CEO in February

The firm emerged from bankruptcy and then returned to the capital markets last year

 Hertz shares have lost nearly 35% so far this year, compared with a nearly 16% loss for the S&P 500.


Daily Horoscope

Earn Money

Daily News

Fitness Plan