Hertz Global Holdings Inc., The Hertz Corp.

Financial Fraud

SANCTION AMOUNT: $16000000

Defendants: Hertz Global Holdings Inc., The Hertz Corp.

Respondents restated financial results because of alleged accounting errors made in a number of business units over multiple reporting periods, including several instances of changed methodologies that always had a favorable impact. They agreed to settle the charges that this conduct violated antifraud and other securities law.

Key Docs
Official SEC press release

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