Hertz to Settle Most False-Arrest Claims for $168 Million (1)

Hertz Global Holdings Inc. will spend $168 million to settle hundreds of claims that it falsely reported rental customers to the police for car theft when a vehicle was not returned on time.

The company had been fighting to bottle up the lawsuits in bankruptcy court, but in the last few months, lawyers for many claimants had won the right to take their cases before jurors. The deal will end 364 claims, or about 95% of the allegations that Hertz faces, the company said in a statement.

Hertz is likely to recover a “meaningful portion” of the settlement from ...