Hertz rental car was rejected by the Supreme Court and must pay a $320 million bond compensation
The U.S. Supreme Court rejected Hertz Global Holdings Inc.'s request, meaning the company cannot avoid paying over $320 million to bondholders related to its bankruptcy case during the COVID-19 pandemic. The justices upheld the original ruling of the federal appeals court, requiring Hertz to pay "make-whole premiums" and interest above the levels allowed by federal bankruptcy law that the company claimed
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