Hertz Sues Research Firm for Defamation

Hertz Global Holdings, Inc. has filed a lawsuit alleging that a company defamed Hertz in a report that named Hertz among 20 large companies “most likely to declare bankruptcy” within a year, according to Reuters.

The lawsuit, filed Sept. 25 in the Superior Court of New Jersey, Bergen County, Hertz sued Audit Integrity, an accounting and governance risk analysis company, and its Chief Executive Officer Jack Zwingli for defamation and trade libel over the Sept. 15 report. In its complaint, Hertz said the defendants had “no factual basis” for saying its financial statements were fraudulent.

Hertz’s chief executive Mark Frissora said in a statement on Sept. 28 that the lawsuit was an appropriate response to the publication of “false and harmful information” about Hertz. “Not only are the conclusions about our financial health baseless, but questioning the integrity of our financial reporting is indefensible,” he added.

Hertz said the defendants had “no factual basis” for saying its financial statements were fraudulent. Hertz added that if Audit Integrity had they used generally recognized methods to detect fraud, they would have concluded otherwise, or that they lacked sufficient information to say there was fraud.

In response to the lawsuit, Zwingli said in a statement, “We are disappointed that Hertz has taken this action in an attempt to stifle an opinion they do not agree with. We firmly stand behind our methodology and findings, and will vigorously defend ourselves against this unwarranted litigation.”

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

 
 

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

What a Connected Fleet Means to Avis (and Car Rental)

Counter bypass is just the beginning. The promise of a “data-driven ecosystem” that connects renters with the rental agency, retail services, and even the city is a better managed fleet, an improved user experience, and new revenue opportunities during the rental itself.

Should Peer-to-Peer Renters Pay Airport Car Rental Fees?

The question is central to the City of San Francisco’s lawsuit against Turo for operating without a permit at San Francisco International Airport.

Hard Times Ahead for the Compact SUV Segment?

The hottest segment today is facing a glut of models and volume in tomorrow’s wholesale market.

Job Finder: Access Top Talent. Fill Key Positions.

>