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Renco Group Company News

Tue, 27 Sep 2016 15:59:24 GMT
Chancery Court Finds Statute of Limitations Bars Humvee Joint Venture Breach of Contract Claims  -  Lexology (registration)
In AM General Holdings v. The Renco Group, C.A. No. 7639-VCS (Del. Ch. Aug. 22, 2016), the Court of Chancery held that Delaware's three-year statute of limitations barred contract claims brought by one party in a joint venture to produce Humvee ...
Tue, 20 Sep 2016 20:18:20 GMT
Losing US Co. Wants Peru's $8M Costs Request Denied  -  Law360 (subscription)
Law360, New York (September 20, 2016, 4:09 PM EDT) -- The Renco Group Inc., a U.S. investor whose arbitration claim against Peru over a metal mining and processing operation was rejected this summer, has asked a tribunal to snub the country's bid for ...
Thu, 08 Sep 2016 22:53:27 GMT

Litigation Funder Wins Stake in $213M Renco Judgment  -  The American Lawyer
The bankruptcy trustee for Magnesium Corp. of America, or MagCorp., won the $213 million fraudulent conveyance judgment in February 2015 against its former owner, Ira Rennert, and his investment fund Renco Group Inc.; Rennert was found liable for ...
Thu, 08 Sep 2016 20:22:24 GMT
Judge Won't Pause MagCorp Trustee's $26.2M Stake Sale  -  Law360 (subscription)
Law360, New York (September 8, 2016, 4:18 PM EDT) -- A New York federal district judge has declined to freeze the sale of a stake held by Magnesium Corp. of America's court-appointed trustee in a $213 million judgment against Renco Group Inc. and its ...
Wed, 24 Aug 2016 17:19:37 GMT
Renco-MacAndrews Dispute Narrowed Down by Del. Court  -  Bloomberg BNA
22 — Renco Group Inc. can't pursue certain claims against a MacAndrews & Forbes Holdings Inc. subsidiary in a dispute over the distribution of profits from the parties' joint venture, the Delaware Chancery Court ruled Aug. 22 ( AM Gen. Holdings LLC v.
Tue, 23 Aug 2016 02:05:26 GMT
Renco Suit Trimmed Again In Humvee Contract Royalty Fight  -  Law360 (subscription)
Law360, New York (August 22, 2016, 9:23 PM EDT) -- A Delaware Chancery judge blocked Renco Group Inc. on Monday from seeking damages on claims that MacAndrews & Forbes Holdings Inc. violated a contract governing the private equity firms' joint ...
Thu, 21 Jul 2016 21:15:11 GMT

La Oroya: International ruling in Peru's favor  -  Peru this Week
The International Tribunal in charge of overseeing the case “La Oroya,” between The Renco Group Inc. and the government, was ruled in favor of the Peruvian State, according to the Ministry of Economy and Finance (MEF). The win for Peru comes as the ...
Tue, 19 Jul 2016 19:51:56 GMT

International Court of Arbitration to come up with solution for La Oroya  -  Andina - Agencia Peruana de Noticias
Renco Group Inc. (“Renco”) is a U.S. firm that commenced arbitration under the TPA against the Republic of Peru. The arbitration proceedings were administered by the International Centre for Settlement of Investment Disputes (ICSID) of the World Bank.
Tue, 19 Jul 2016 19:16:46 GMT

International Tribunal rules in favor of Peru in “La Oroya” case  -  Leaders League (press release) (registration)
The International Centre for Settlement of Investment Disputes (ICSID) issued a decision favouring Peru in Case No UNCT/13/1, also known as The Renco Group, Inc v. The Republic of Peru. It marks the first dispute under the Peru-U.S. Trade Promotion ...
Tue, 19 Jul 2016 04:33:31 GMT

Intl Court Rejects Lawsuit Against Peru On Environment Disaster  -  teleSUR English
A World Bank panel rejected a lawsuit filed against Peru which charged the nation with failing to clean up pollution tied to a smelter, the government said Monday, while the U.S.-based company, Renco Group, Inc., bringing the suit pledged to refile it ...