Avis Budget Group Inc. is set to receive $650 million in cash as part of a settlement agreement with Pentwater Capital Management to resolve a lawsuit regarding short-swing profits, according to a filing.
Avis Budget Group Inc. is set to receive $650 million in cash as part of a settlement agreement with Pentwater Capital Management to resolve a lawsuit regarding short-swing profits, according to a filing.
<iframe src="https://statesidedaily.com/embed/cluster/1c1cc46ef531ae5b1d5b41ca294d1711f6d139cc" width="100%" height="320" style="border:0;max-width:680px" loading="lazy" title="Avis Set for $650 Million Pentwater Payout After Short Squeeze"></iframe>
