A federal appeals court said billionaire Ira Rennert must pay a $213.2 million judgment after a jury found him liable for looting his now-defunct magnesium company to build one of the country’s most expensive homes, a 21-bedroom mansion in New York’s Hamptons. The 2nd U.S. Circuit Court of Appeals on Wednesday let stand a jury…
Billionaire investor Ira Rennert failed to persuade a federal judge to throw out a jury verdict finding him liable for looting his now-defunct magnesium company to build one of the country’s most expensive homes, on the east end of Long Island, New York. U.S. District Judge Alison Nathan in Manhattan on Thursday upheld all but…
Billionaire Ira Rennert and his investment firm were ordered on Friday to pay more than $118 million after being found liable for looting a magnesium company to build one of the most expensive mansions in America. A Manhattan federal jury found Rennert and his Renco Group Inc liable for breach of fiduciary duty and other…
Ronald Perelman has notched a legal victory against fellow billionaire Ira Rennert, who has been ordered by a Delaware court to direct his business to turn over $48.7 million in a dispute over a jointly owned truck maker. The two moguls have battled in court for the past six months over a 2004 deal in…
Don’t expect Ron Perelman and Ira Rennert to exchange gut yontif greetings anytime soon at Fifth Avenue Synagogue, where they’re both members. The billionaires are embroiled in nasty tit-for-tat lawsuits “alleging the other man siphoned tens of millions from a business they co-own — AM General, the maker of Humvee military vehicles,” Crain’s NY Business…
A worker at UJA-Federation in New York allegedly led a $2 million identity theft ring that targeted top donors to the charitable organization, prosecutors announced Friday. Tracy Nelson, of Brooklyn, worked at UJA-Federation for more than two years processing donations until she was fired last summer as the thefts came to light, the Daily News…
100% of profits support our journalism
