Thrifty Car Rental 2008 Annual Report Download - page 27

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On June 12, 2008, a purported class action was filed by Zack Miller and unnamed members of the
plaintiff class in the United States District Court for the Central District of California. The case is styled
Zack Miller, et al. v. DTG Operations, Inc. dba Dollar Rent A Car, dba Thrifty Car Rental, Dollar Rent A
Car, Inc., Thrifty Rent-A-Car System, Inc. (No. CV08-03875 VBF JTLx, (C.D. Cal.)). The plaintiff alleges
unfair business practices in violation of the California Business and Professions Code, alleging that the
Company sold contracts of insurance without first obtaining the approval of the California Insurance
Commission. On January 21, 2009, this suit was dismissed but plaintiff was given until February 4, 2009
to refile. On February 4, 2009, plaintiff filed a second amended complaint and has requested leave to file
a third amended complaint. The Company intends to vigorously defend these allegations.
On December 5, 2008, a purported class action was filed against the Company by Walter Schenker, on
behalf of himself and all others similarly situated, in the District Court for Clark County, Nevada. The suit
alleges that the Company is incorrectly calculating the Nevada statutory recovery fee at the Las Vegas
International Airport and alleges deceptive trade practices. The case is styled Walter Schenker, on behalf
of himself and all others similarly situated v. Dollar Thrifty Automotive Group, Inc. and DTG Operations,
Inc. (No. A577155, Clark County District Court, Nevada). The Company intends to vigorously defend this
matter.
Given the inherent uncertainties of litigation, the ultimate outcome of these matters cannot be predicted at
this time, nor can the amount of ultimate loss, if any, be reasonably estimated.
Various other legal actions, claims and governmental inquiries and proceedings are pending or may be
instituted or asserted in the future against the Company. Litigation is subject to many uncertainties, and
the outcome of the individual litigated matters is not predictable with assurance. It is possible that certain
of the actions, claims, inquiries or proceedings could be decided unfavorably to the Company. Although
the final resolution of any such matters could have a material effect on the Company's consolidated
operating results for the particular reporting period in which an adjustment of the estimated liability is
recorded, the Company believes that any resulting liability should not materially affect its consolidated
financial position.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
No matters were submitted to a vote of security holders during the fourth quarter ended December 31,
2008.
PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
DTG’s common stock is listed on the NYSE under the trading symbol “DTG.” The high and low closing
sales prices for the common stock for each quarterly period during 2008 and 2007 were as follows:
First Second Third Fourth
Quarter Quarter Quarter Quarter
2008
High 26.02$ 15.47$ 6.59$ 1.99$
Low 11.58$ 9.45$ 1.93$ 0.77$
2007
High 53.00$ 50.97$ 41.50$ 36.95$
Low 44.70$ 39.85$ 28.42$ 23.27$
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