Rennert Missed Chance For Mistrial Over $118M Verdict: Judge

Law360, Los Angeles (March 4, 2015, 7:57 PM EST) -- A New York federal judge on Wednesday said she refused billionaire Ira Rennert’s request for a mistrial after a jury ordered him to pay $118 million for taking shareholder dividends from bankrupt Magnesium Corp. of America because the defendants had waived their argument.

In an order elaborating on her Friday decision to deny the motion by Rennert and his firm, Renco Group Inc., U.S. District Judge Alison J. Nathan said the defendants had failed to make their argument for a mistrial on the grounds of a...
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