Thrifty Car Rental 2009 Annual Report Download - page 26

Download and view the complete annual report

Please find page 26 of the 2009 Thrifty Car Rental annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 111

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111

On September 22, 2009, a purported class action complaint was filed in Illinois state court by Susan and
Jeffrey Dillon, individually and on behalf of all persons who rented a vehicle from Thrifty Car Rental in
Colorado from September 22, 2006 forward, who signed a rental agreement which obligated them to pay
for loss of use of a vehicle if damaged, and who were charged for loss of use or an administrative fee
related to the vehicle damage claim. Plaintiffs assert claims for breach of contract, violations of the
Colorado Consumer Protection Act, and for declaratory judgment under the Colorado Uniform
Declaratory Judgment Law related to the assessment of loss of use and administrative fees in connection
with vehicle damage claims against renters. The case is styled: Susan and Jeffrey Dillon v. DTG
Operations, Inc. d/b/a Thrifty Car Rental (Case No. 09CH34874, Cook County Circuit Court, Chancery
Division, Illinois). 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. RESERVED
25