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: Delaware Corporate and Commercial Litigation BlogDollar Thrifty Rental Car Litigation; Injunction Hearing Today in Delaware Chancery Court
By Francis G.X. Pileggi
In re Dollar Thrifty Shareholder Litigation, C.A. Cons. No. 5458. This is the pending case in the Delaware Court of Chancery in which Dollar Thrifty investors are trying to stop a vote on an offer by Hertz based on the argument that more attention should be given to a competing offer by Avis, and such terms as a termination fee are preventing a fair consideration of the Avis offer.
Courtesy of Courtroomview.com, a video/audio clip of the hearing today on the motion for preliminary injunction is available here. A Bloomberg article with more details is available here.
Full post as published by Delaware Corporate and Commercial Litigation Blog on August 25, 2010 (boomark / email).
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