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Billionaire Rennert files malpractice lawsuit over $213 million judgment

Reuters  |  NEW YORK 

By Jonathan StempelNEW YORK (Reuters) - Billionaire Ira Rennert has filed a $214 million malpractice lawsuit against his former law firm, after a jury found him liable for looting his magnesium company to build a huge mansion in New York's Hamptons.Renco Group Inc, Rennert's holding company, said neither it nor the mining mogul would have been liable had Kaye Scholer and partner Peter Haveles objected to faulty jury instructions that Rennert has said led to an "irrational" February 2015 verdict.The lawsuit, filed late Monday in the state supreme court in Manhattan, may be the last chance for ...

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First Published: Tue, January 09 2018. 22:28 IST