Legal Opinion

In Re Hertz Global Holdings Inc.

Court of Appeals for the Third Circuit

Decided September 20, 2018No. 17-2200PublishedCited by 71 opinions

1Opinion of the Court

JORDAN, Circuit Judge.

Sheet Metal Workers Local No. 80 Pension Trust Fund and Westchester Teamsters Pension Fund ("the Funds") brought a putative securities fraud class action against Hertz Global Holdings, Inc. ("Hertz" or "the Company") and several of its current and former executives for violating §§ 10(b) and 20(a) of the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995 ("PSLRA"), and Rule 10b-5, 17 C.F.R. § 240 .10b-5. The Funds appeal the District Court's dismissal of their fourth amended complaint ("FAC") for failure to plead a strong…

2Cases cited30 opinions

  1. Tellabs, Inc. v. Makor Issues & Rights, Ltd.Supreme Court of the United States · 2007
  2. Zucco Partners, LLC v. Digimarc Corp.Court of Appeals for the Ninth Circuit · 2009
  3. In Re Silicon Graphics Inc. Securities Litigation. Edmund J. Janas v. Edward R. McCracken Michael Ramsay Robert K. Burgess Thomas J. Oswald Teruyasu Sekimoto Forest Baskett Stephen Goggiano William M. Kelly Lucille Shapiro Silicon Graphics, Inc., Deanna Brody Andrea S. Donald Israel Buck Ruth Buck Denise Struthers Thomas G. Di Cicco Ira Steven B. Ewall Rosalyn Golaine Jerry Krim Mary Anne Beke Herman Grossman Samuel J. Reiner Dennis Lucas v. Edward R. McCracken Michael Ramsay Robert K. Burgess Thomas J. Oswald Teruyasu Sekimoto Forest Baskett Stephen Goggiano William M. Kelly Lucille Shapiro Silicon Graphics, Inc.Court of Appeals for the Ninth Circuit · 1999
  4. Greebel v. FTP Software, Inc.Court of Appeals for the First Circuit · 1999
  5. In Re Advanta Corp. Securities LitigationCourt of Appeals for the Third Circuit · 1999

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3Cited by71 opinions

  1. SEB Inv. Mgmt. AB v. Endo Int'l, PLCDistrict Court, E.D. Pennsylvania · 2018
  2. ALLEGHENY COUNTY EMPLOYEES' RETIREMENT SYSTEM v. ENERGY TRANSFER LPDistrict Court, E.D. Pennsylvania · 2021
  3. ANDREWS v. JPA R/E ASSOCIATES, L.P.District Court, E.D. Pennsylvania · 2025
  4. Alejandro Handal v. Innovative Industrial Properties IncCourt of Appeals for the Third Circuit · 2025
  5. Bardaji v. Match Group, Inc.District Court, D. Delaware · 2024

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