Hertz, the original meme stock, is turning out to be worthless
Hol' up.<p>While in bankruptcy, some fools ran up the price of Hertz stock.  Then, while the price was up <i>in the middle of bankruptcy proceedings</i>, Hertz sold some new shares to the same fools.  The final result of the bankruptcy wiped out all of the shareholders.<p>While the buyers were obviously fools, Hertz should have known that zero shareholder value was a likely outcome.  How was selling more stock in that situation legal?  I see that the sale was quickly shut down... but it shouldn't have happened in the first place.