Pursuits
The Legal Battle Over One of the Largest Private Estates in the U.S.
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Billionaire Ira Rennert said business was “booming” during the years he’s accused of tilting one of Utah’s worst polluters into bankruptcy by looting it to build his sprawling Hamptons estate.
Rennert and his lawyers this week laid out their defense in a 12-year-old lawsuit brought by a trust for creditors of Rennert’s Magnesium Corp. of America, which went bankrupt in 2001.