Renco Wins Speedy Hearing In MacAndrews Humvee Row

Law360, Wilmington (January 18, 2013, 11:24 PM EST) -- A Delaware judge on Friday granted Renco Group Inc. an expedited summary judgment hearing for its claims that MacAndrews & Forbes Holdings Inc. improperly distributed funds from their joint venture to produce the Humvee military vehicle.

The ruling represents the latest round of a feud between the billionaire-owned firms being fought out in Delaware Chancery Court, where each side has sued the other for breaching the contract that governs their joint venture in Humvee-maker AM General Holdings LLC.

Vice Chancellor John W. Noble, who is presiding...
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