Wednesday, October 7, 2009

Firm seeks SEC probe of Hertz over bankruptcy suit

BY: Emily Chasan

NEW YORK, Oct 7 (Reuters) - The financial research firm that Hertz Global Holdings Inc (HTZ.N) sued over a report that said it could go bankrupt is fighting back, and has asked U.S. regulators to investigate Hertz's attempts to involve other companies in its suit.

Audit Integrity, which issued a Sept. 15 report that included Hertz among 20 large companies "most likely to declare bankruptcy" within a year, said it sent a letter on Monday to U.S. Securities and Exchange Commission Chairman Mary Schapiro.

The letter asked the investor protection agency to investigate Hertz's "blatant attempt to induce more than 19 companies to consider legal action against Audit Integrity because of a critical report."

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Posted By: Nicole Nelson

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