A lawsuit filed in New Jersey by the Hertz rental car business could have a chilling effect on what analysts and investors say to business journalists.
Fry writes, “In September, Audit Integrity and CEO Jack Zwingli allegedly issued a press release stating that several companies, including Hertz, have ‘potential for fraudulent reporting of financial statements.’
“Audit Integrity is an independent research firm that evaluates companies’ transparency, reliability and risks.
“To promote the report, Zwingli went on CNBC and spread the message that Hertz ‘lacks integrity, lies to shareholders and others, engages in fraudulent financial reporting, and is heading for bankruptcy,’ the lawsuit states.
“‘Defendants made these false statements knowing how defamatory and disruptive such charges can be to a publicly traded company,’ Hertz adds.”
Read more here. CNBC is not named as a defendant in the case.
The Colorado Springs Business Journal is looking for an enterprising and nimble reporter to cover…
The Financial Times has hired Nassos Stylianou as a visual storytelling reporter. He has been a data…
Bloomberg News is seeking a dynamic team leader in New York to help spearhead its…
Variety laid off three staffers from the newsroom, including deputy editor Meredith Woerner. Jacob Bryant of…
New York Times video director Solana Pyne sent out the following on Thursday: Jamie Leventhal…
Cole Garry of SBS Communications interviewed CNBC technology reporter Ryan Browne about his job. Here is an…