Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Doe Run, Peru, (a Renco Group holding) operated a smelting plant in La Oroya, Peru until 2010, that had similar types of environmental challenges to those faced in Herculaneum, but on a larger scale. Can you pitch in a few bucks to help fund Mother Jones' investigative journalism? document.getElementsByTagName("head")[0].appendChild(script); [15] The EPA data recognizes this as the single largest reduction in air emissions in the category of hazardous air pollutants since the TRI began in 1987 at any single facility. A Kentucky coal mine, an Ohio steel mill, and MagCorp went bust, and bondholders of the latter two sued him for fraud. // check for region and redirect if country is in EEARegion Ira Rennert ranks #132 on Forbes Magazine's list of World Billionaires. Ira Rennert (cropped).jpg 533 713; 442 KB. This site is protected by reCAPTCHA and the Google Privacy Policy and Ira Rennert is a self made billionaire and his worth is USD 3.9 billion as of Jan 2017. The property was valued last March at $248.5 million, according to the Town of Southampton assessment roll. NEW 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 Yorks Hamptons. The duo sold their 2,745-square-foot condo atthe Chatham, just little blocks southeast of the edifice they now call home, for$6.85 million. We pass by some hedgerows and take a bridge over Sag Pond, rechristened Goldman Pond by the locals. STRICTLY_NECESSARY: 1, Category:Ira Rennert - Wikimedia Commons Date.now() : (function() { return +new Date })(); 'byline' : 'Robert Frank' , S&P paying about $1.38B in government settlement. STORAGE: 6, (function() { One of the first to notice the giant bird was Frank Dalene, founder and CEO of a successful luxury homebuilding company, who lives on a ridge along Rennerts flight path. Reflects change since 5 pm ET of prior trading day. } Ira Rennert is no stranger to controversy | Baltimore Brew In the end, Doe Run ended up investing more than $300 million in environmental remediation during its ownership and was not able to clean up the site to achieve the standards required by Peruvian law. if (isOneTrustAnyBlocked()) { TRD Staff | January 10, 2018 06:05PM. Terms included a $67.5 million cash imbursement with the remainder to be paid in various forms over a 10-year period. Rennert's parents were immigrants from Poland and Romania. OleHenriksen partners with influencer Jenna Rennert for first product Ira Leon Rennert (born May 31, 1934) is an American billionaire businessman, and the chairman and CEO of Renco Group. mps.cloneAd = function() { return false; } } }); [citation needed] In 2013, Doe Run shut down its lead smelter, entirely discontinuing emissions in Missouri. The Blacksmith Institute placed La Oroya on its list of ten most polluted places in the world, along with Chernobyl, Ukraine. const EEA_REGION_COUNTRY_CODES = ['AT', 'BE', 'BG', 'HR', 'CY', 'CZ', 'DK', 'EE', 'FI', 'FR', 'DE', 'GR', 'HU', 'IS', 'IE', 'IT', 'LV', 'LI', 'LT', 'LU', 'MT', 'NL', 'NO', 'PL', 'PT', 'RO', 'SK', 'SI', 'ES', 'SE', 'CH', 'TR', 'GB']; SECURE 2.0 introduces a significant new provision for the surviving spouse of a deceased participant in an employer retirement plan. Hamptons' resident Frank Dalene, a founding member of the Quiet Skies Coalition, says billionaire industrialist Ira Rennert is the worst offender. We will vigorously defend these allegations and we are confident that we have fulfilled our professional obligations, a spokeswoman for Arnold & Porter Kaye Scholer, the successor firm to Kaye Scholer, said in an email on Tuesday. Mr. Rennert's conglomerate, the Renco Group, will be required to pay the pensions of retirees who worked at a subsidiary that went bankrupt in 2012. The suit, filed by a unit of Perelmans MacAndrews & Forbes Holdings Inc., claims that a company owned by Rennert borrowed millions of dollars with overly favorable terms from a business set up as part of a deal for truck maker AM General. [29] They also established the Ira Leon Rennert Professor of Entrepreneurial Finance at New York University and founded the Ingeborg Rennert Center for Jerusalem Studies at Bar-Ilan University. 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