> Hertz was perhaps the most famous example, where the stock was bid up even though it was already in bankruptcy proceedings and was inevitably going to $0. He

> Hertz was perhaps the most famous example, where the stock was bid up even though it was already in bankruptcy proceedings and was inevitably going to $0. Hertz shareholders did receive a material payout after Apollo's debtor-in-possession takeover of the company. https://www.wsj.com/articles/hertzs-complex-shareholder-payout-explained-11623358891 https://www.wsj.com/articles/hertzs-complex-shareholder-payo...