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Avis Budget reaches a $650M settlement with a hedge fund over ‘short-swing’ profits

Stocks & Finance
Avis Budget reaches a $650M settlement with a hedge fund over ‘short-swing’ profits

Chopin Airport. Neon sign with the inscription: Avis Budget.

Grand Warszawski/iStock Editorial via Getty Images

Avis Budget Group (CAR) announced on Tuesday that it resolved its dispute with Pentwater Capital Management LP and filed a motion in the U.S. District Court for the Southern District of New York seeking approval of the $650M settlement reached between


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