Hertz drops lawsuit against research firmw

On Dec. 2, 2009, a lawsuit filed by Hert Global Holdings Inc. was dropped against a research firm that had previously stated that Hertz would be one of 20 companies in the states to go bankrupt in the next 12 months.

A spokesperson for Hertz said the case was dropped because its risk-exposure was low and that the company profits had risen since the announcement.

The libel suit was filed against Audit Integrity Inc, based in Los Angeles.

“The lawsuit was completely without foundation, and we look forward to continuing our efforts to provide objective, insightful research,” said Jack Zwingli, chief executive officer of Audit Integrity.