This Week in Chancery Court: Hertz Settlement, DR Horton, Virtu

Hertz Global Holdings Inc.‘s board and its private equity backers seek final Delaware Chancery Court approval Wednesday for a settlement resolving litigation over billions of dollars worth of stock buybacks.

Here’s what else is happening in court this week:

Tuesday: Iron Workers Local No. 55 Pension Fund v. Viola, Del. Ch., No. 2025-0028, hearing 6/2/26.

At issue: Virtu Financial Inc. and its founder, Vinnie Viola, seek dismissal of claims he manipulated its complex capital structure to engineer a $1.1 billion stock buyback scheme that steered value to himself and other insiders. Viola owns the NHL’s Florida Panthers and ...