Tag archive for ‘Ira Rennert’
News On Thursday, March 10th, 2016

Retirees Win Lengthy Pension Fight With Renco’s Ira Rennert

In a landmark development, retirees embroiled in a long drawn out battle with controversial multimillionaire Ira Rennert of the Renco Group have won a reprieve in the form of a settlement. Ira Rennert is a More...

Yuval Azulai On Monday, July 13th, 2015

9 groups left in Israel Military Industries privatization tender

Another step on the road to the historic privatization of Israel Military Industries Ltd. (IMI): the information rooms disclosing sensitive financial information about the state of the company will be opened More...

Vered Weiss On Thursday, March 5th, 2015

Ira Rennert Could Owe Shareholders $700 Million, Judge Throws Out Mistrial Request

Not only did U.S. District judge Alison Nathan deny Ira Rennert, charged of looting his company to fund his mansion, a mistrial, but she called his defense team “inefficient at best and devious at More...

Vered Weiss On Sunday, March 1st, 2015

Ira Rennert Found Liable for Looting Magnesium Company to Fund His Mansion

Although Ira Rennert claimed environmental concerns about his company MagCorp were “above his head” and his attorney said the fact Ira Rennert owned one of the most expensive homes in the country More...

Vered Weiss On Thursday, February 26th, 2015

Ira Rennert Says MagCorp’s Pollution and Bankruptcy was Above his Head

Ira Rennert, who is being sued by trustees who claim he looted his company Magnesium Corp and ignored environmental complaints, said the issue of hazardous substances was above his head. “It is way More...

Eli Horn On Thursday, February 5th, 2015

Billionaire Tycoon Ira Rennert Sued over Alleged Taking of Dividends to Fund Estate

The billionaire owner of what is believed to be the largest inhabited private residence in the United States finds himself in Manhattan federal court this week, accused of looting a metal company in order More...

Noam Meir On Sunday, February 1st, 2015

Was Billionaire Ira Rennert’s $240 Million Estate Paid for with Company Funds?

Billionaire Ira Rennert has one of the most expensive estates in the world. With an estimated value of more than $240 million, it is audacious even for the Hamptons where the home is located. The problem for More...

Vered Weiss On Friday, December 5th, 2014

Appraiser to Examine Rennert, Perelman, Dispute

The ongoing drama between Ira Rennert and Ronald Perelman in a dispute over a joint venture reached another phase when a Delaware court appointed an independent appraiser to evaluate the assets. The two men More...

Globes On Monday, October 14th, 2013

Ehud Barak denies interest in Israel Military Industries (IMI)

– Ehud Barak: I have not now, or ever, any intention of acquiring IMI. – Ehud Barak – / By Yuval Azulai and Doron Avigad/ Ehud Barak today denied media reports that he and Ira Rennert More...

Press Release On Sunday, October 6th, 2013

Israel Military Industries (IMI) Prepares For Privatization Plan

– Ehud Barak, former Prime Minister and former Defence Minister of Israel, a possible bidder for IMI – The privatization of Israel Military Industries (IMI) seems to finally be high on the agenda More...

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