Hertz Global Holdings Files Suit Against Audit Integrity for Defamation Violations
Sep 29, 2009
PARK RIDGE, NJ -- (MARKET WIRE) -- 09/28/2009 -- Hertz Global Holdings, Inc. (
Mark P. Frissora, Hertz Chairman and Chief Executive Officer, commented, "Our lawsuit is 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. We are taking action and responding with the truth because we know that, by not responding, we shouldn't be surprised if the public believes and acts on misinformation and untruths."
The Hertz Corporation (the "Company"), a subsidiary of Hertz Holdings, is the world's largest general use car rental brand, operating from approximately 8,000 locations in 145 countries worldwide. Hertz is the number one airport car rental brand in the U.S. and at 42 major airports in Europe, operating both corporate and licensee locations in cities and airports in North America, Europe, Latin America, Australia and New Zealand. In addition, the Company has licensee locations in cities and airports in Africa, Asia, and the Middle East. Product and service initiatives such as Hertz #1 Club Gold®, NeverLost® customized, onboard navigation systems, SIRIUS Satellite Radio®, and unique cars and SUVs offered through the Company's Prestige, Fun and Green Collections, set Hertz apart from the competition. In 2008, the Company launched Connect by Hertz, entering the global car sharing market in London, New York City and Paris. The Company also operates one of the world's largest equipment rental businesses, Hertz Equipment Rental Corporation, offering a diverse line of equipment, including tools and supplies, as well as new and used equipment for sale, to customers ranging from major industrial companies to local contractors and consumers from approximately 330 branches in the United States, Canada, China, France and Spain.