Hertz’s Chapter 11 restructuring plan has been confirmed by a bankruptcy court, paving the way for a $1 billion shareholder payout

Andrew Glenn discusses the confirmation of Hertz’s restructuring plan, paving the way for creditors to be paid in full and existing shareholders to receive more than $1 billion in value.

Andrew notes: “We put forward the highest and best value and the court recognized that extraordinary outcome...”

Read the article.

The Glenn Agre team representing the ad hoc committee of shareholders of Hertz Global, Inc. includes Andrew Glenn, Shai Schmidt, Trevor Welch, Rich Ramirez, and Naznen Rahman.