To my knowledge, it is extremely difficult for an issuer to successfully sue an analyst for a negative research report. This daunting challenge is not stopping Hertz Global Holdings, however, in a new case reportedly filed on Monday of this week.
On September 15, research firm Audit Integrity issued a report listing Hertz and 19 other large companies as “likely to go bankrupt or suffer severe financial distress.” On September 22, Hertz shot back, demanding that Audit Integrity retract the report and accusing the firm of reaching “incomplete and misleading conclusions.”
