Hertz said it would pay about $168 million to settle hundreds of pending claims related to vehicle-theft reporting, some instances of which have allegedly led customers to face wrongful arrest for stealing cars
Hertz Global Holdings Inc.
said it would pay about $168 million to settle 364 pending claims related to vehicle-theft reporting, some instances of which have allegedly ledThe hundreds of settlements resolve more than 95% of outstanding claims, Hertz said. The company said it doesn’t expect the settlement to have a material impact on its capital allocation plans for the balance of 2022 and 2023. The company also expects to recover a meaningful portion of the settlement amount from its insurance carriers.
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Hertz agrees to pay $168 million to settle false theft claimsHertz is settling lawsuits with customers who were accused of stealing cars they rented.
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Hertz will pay $168 million to settle hundreds of false car theft claimsRental car giant Hertz announces it will pay $168 million to settle 364 claims that it erroneously filed criminal reports against customers who did not return vehicles on time.
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Hertz To Pay $168 Million To Settle False Theft Report With Rental Customers | CarscoopsHertz To Pay $168 Million To Settle False Theft Report With Rental Customers | Carscoops carscoops
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Hertz to pay $168 million after customers were falsely accused of stealing carsHertz said it will pay roughly $168 million by the end of the year to settle the majority of the lawsuits brought against the rental car company by some of its customers who were wrongly accused of stealing cars they had rented.
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Hertz to pay $168 mln to settle over 95% of wrongful theft report claimsHertz Global Holdings Inc said on Monday it will pay about $168 million by year-end to resolve over 95% of pending claims from owners who alleged the car rental giant filed wrongful theft reports.
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Hertz to pay $168M to customers wrongly accused of stealing its carsHertz said it February it was working to fix a glitch in the company’s systems that led to the incidents.
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