Renco Loses Challenge To Trustee's Sale Of $26.2M Stake

By Ryan Boysen ( July 19, 2017, 4:06 PM EDT) -- The trustee of defunct Magnesium Corp. of America was free to sell a slice of its $213 million judgment against billionaire industrialist Ira Rennert and his Renco Group Inc. for driving MagCorp into bankruptcy, a New York federal court said Tuesday, rejecting claims the sale had been unfair....

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