ira rennert
Billionaire Ron Perelman unloads Humvee maker at a fire-sale price
Ron Perelman has unloaded AM General, the maker of Humvee military jeeps, at a fire-sale price -- the latest signal that the billionaire’s finances may be getting desperate, The Post...
Renco Group to restore pension benefits for steelworkers
Billionaire industrialist Ira Rennert proved no match for a group of retired steelworkers after a three-year battle. Rennert’s holding company, Renco Group, will restore full pension benefits for 1,350 retirees...
Ira Rennert skewered during testimony
Industrialist Ira Rennert on Wednesday testified before a Manhattan federal court judge that talks four years ago between his struggling RG Steel and potential lenders did not include the sale...
Ira Rennert back in court over alleged $70M pension fraud
He’s ba-a-a-ck! Disgraced billionaire industrialist Ira Rennert, found liable earlier this year for looting his failed magnesium company to the tune of $117 million, was back in Manhattan federal court...
Ira Rennert slammed with more than $200M in fines
Billionaire Ira Rennert has been ordered to pay slightly more than $200 million, roughly the value of his 29-bedroom Hampton’s mansion. US District Judge AlisonNathan on Monday ruled that Rennert...
Judge calls out mining mogul's legal team as 'devious at worst'
A Manhattan judge on Wednesday brushed aside an attempt by billionaire mining mogul Ira Rennert to avoid repaying at least $118 million to his defunct former magnesium producer. Judge Alison...
Billionaire Ira Rennert ordered to pay $118M for looting own company
Mining mogul Ira Rennert looted his bankrupt magnesium producer and must pay back at least $118.2 million in damages to the defunct company, a federal court jury ruled Friday. Rennert...
Jury weighing Ira Rennert's $700 million fate
As a Manhattan federal court jury decides whether mining mogul Ira Rennert looted his company, Uncle Sam has a rooting interest in the verdict. Rennert-controlled Renco is accused of taking...
Billionaire Ira Rennert grilled in court over MagCorp case
Billionaire mining mogul Ira Rennert could have used an asbestos suit at times on Thursday. Rennert, who seldom speaks in public, was forced to testify for about six hours in...
Hamptons 'king' Rennert to face trustee over MagCorp cash
After being chased for more than 12 years, mining mogul Ira Rennert will finally feel the heat on Thursday. The billionaire will be grilled on the stand inside a Manhattan...
King of 'Hamptons Versailles' in court over $250M palace
The reclusive owner of America’s biggest residential home was in court Monday to prove he did not steal the money to build his 62,000-square-foot Southampton mansion. In opening arguments, before...