NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky announces it has commenced an investigation of Herc Holdings Inc. (“Herc Holdings” or the “Company”) (NYSE: HRI) concerning possible violations of federal securities laws.
On March 15, 2017, Herc filed its annual report for 2016, advising investors that the Company had identified material weakness in its internal control over financial reporting. Herc specifically cited, among other issues, ineffective design and maintenance of controls over accounting for payroll, income tax accounts, and relating to certain IT systems, as well as certain material weaknesses inherited from Hertz Holdings. On August 8, 2017, Herc filed a quarterly report for the second quarter of 2017, advising investors that the Company had "established a task force and assigned a working group to each of the material weaknesses," and that "two key accounting positions, Controller and Chief Accounting Officer and Assistant Controller, have been filled or replaced by the Company and four additional accounting supervisors have been hired during the six months ended June 30, 2017." To obtain additional information, go to:
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