Claims Against Renco Trimmed In Suit Over Humvee JV

Law360, Wilmington (November 1, 2013, 6:24 PM EDT) -- A Delaware Chancery judge dealt a partial victory to Renco Group Inc. in a dispute over a joint venture to manufacture the Humvee all-terrain truck with MacAndrews & Forbes Holdings Inc, dismissing nearly half of the 13 claims surrounding $109 million of allegedly improper loans and other claims connected to the partnership.

Vice Chancellor John W. Noble also refused to grant summary judgment to AM General Holdings LLC — the holding company of the joint venture that lodged the derivative suit against Ira Rennert and two...
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