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...
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...
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...
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...
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...
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...
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...
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...
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...
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...