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.
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.
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.
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.
Don’t expect Ron Perelman and Ira Rennert to exchange gut yontif greetings anytime soon at Fifth Avenue Synagogue, where they’re both members.
A worker at UJA-Federation in New York allegedly led a $2 million identity theft ring that targeted top donors to the charitable organization.