Tag archive for ‘MagCorp’
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...

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...

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