Bankrupt Hertz gets approval to sell up to $1 billion in stock — but experts expect equity to be wiped out

The market dislocation wrought by the coronavirus pandemic has a new poster child in Hertz Global Holdings Inc., which has granted approval late Friday by a court to sell stocks amid a bankruptcy filing.

The market dislocation wrought by the coronavirus pandemic has a new poster child in Hertz Global Holdings Inc., which has granted approval late Friday by a court to sell stocks amid a bankruptcy filing.