Supreme Court Won't Hear Case On 'Nonsensical' Renco Trial

Law360, New York (October 10, 2017, 4:26 PM EDT) -- Billionaire industrialist Ira Rennert and his Renco Group Inc. will not get to challenge the “nonsensical” trial that led to a $213 million judgment against the pair for allegedly looting a subsidiary before parking it in bankruptcy, after the U.S. Supreme Court on Tuesday refused to hear the case.

The high court’s denial of a writ of certiorari marks the end of Magnesium Corp. of America Chapter 7 trustee Lee Buchwald’s contentious, 15-year crusade against MagCorp owners Renco and Rennert. Buchwald accused the pair of improperly...
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