A federal appeals court said billionaire Ira Rennert must pay a $213.2 million judgment after a jury found him liable for looting his now-defunct magnesium company to build one of the country’s most expensive homes, a 21-bedroom mansion in New York’s Hamptons. The 2nd U.S. Circuit Court of Appeals on Wednesday let stand a jury verdict against the mining mogul and his holding company Renco Group Inc, and won by a trustee liquidating the bankrupt Magnesium Corp of America, known as MagCorp. It rejected Rennert’s argument that the jury rendered an “irrational” verdict by awarding damages despite believing MagCorp was solvent at all relevant times.
Category: Second Circuit Court of Appeals
Appeals court denies full hearing in data surveillance case
NEW YORK >> A federal appeals court in New York won’t rehear a panel’s decision letting companies like Microsoft refuse to turn over to the government customer emails stored overseas. The judges of the 2nd U.S. Circuit Court of Appeals split their votes 4-4.
Doctor’s FMLA retaliation claim reinstated
A federal appeals court has reinstated a retaliation charged filed by a physician who hired an attorney after her vacation was denied and was put on probation a month later. The 2nd U.S. Circuit Court of Appeals in New York upheld the dismissal of other charges filed by Dr. Chinwe Offor, a neonatologist who is an African-American of Nigerian descent, against Mercy Medical Center in Rockville Centre, New York, including race and national origin discrimination, according to last week’s ruling in Dr. Chinwe Offor v.
Author Sued for “Children’s Versions” of ‘Breakfast at Tiffany’s,’ ‘2001: A Space Odyssey’
Big publishers and the estates of Truman Capote, Jack Kerouac, Ernest Hemingway and Arthur C. Clarke have teamed up for a copyright lawsuit. Swedish author Fredrik Colting, who infamously went to court a decade ago after writing a “sequel” to J.D. Salinger’s classic novel, Catcher in the Rye , is now in a legal dispute for allegedly infringing the copyright to four classic novels – Breakfast at Tiffany’s , The Old Man and The Sea , On the Road , and 2001: A Space Odyssey .