3rd Circ. Unconvinced Hertz Execs' 'Bad Tone' Indicated Fraud

By Jeannie O'Sullivan (June 12, 2018, 9:17 PM EDT) -- A Third Circuit panel on Tuesday pressed two pension funds to show why Hertz Global Holdings Inc.'s misrepresentations about its financial status were intentionally misleading, as they alleged in their securities fraud class action, and not merely the result of mismanagement....

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