Legal Opinion
Buchwald v. Renco Group, Inc.
Court of Appeals for the Second Circuit
Decided March 8, 2017No. Nos. 15-2691-bk; 15-2962-bk; 15-2971-bkPublishedCited by 4 opinions
1Opinion of the Court
SUMMARY ORDER
Defendants The Renco Group, Inc. (“Renco”) and Ira Rennert appeal a $213,199,093.70 judgment entered against them following a jury’s verdict of liability on plaintiff Lee Buchwald’s (the “Trustee’s”) various state claims, including fraudulent conveyance, breach of fiduciary duty, and unjust enrichment. These claims, which the Trustee first brought in an adversarial proceeding before the bankruptcy court, relate to certain dividends paid to defendants in the late 1990s by debtor Magnesium Corporation of America and its then-parent, Renco Metals. On appeal, defendants challenge (1)…
2Cases cited17 opinions
- Lore v. City of SyracuseCourt of Appeals for the Second Circuit · 2012
- Trebor Sportswear Co., Inc. And Rotano Sportswear Co., Inc., Plaintiffs v. The Limited Stores, Inc.Court of Appeals for the Second Circuit · 1989
- Garcia v. Hartford Police DepartmentCourt of Appeals for the Second Circuit · 2013
- Patterson v. BalsamicoCourt of Appeals for the Second Circuit · 2006
- Stephenson v. DoeCourt of Appeals for the Second Circuit · 2003
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3Cited by4 opinions
- Michael Bavlsik v. General MotorsCourt of Appeals for the Eighth Circuit · 2017
- Renco Grp., Inc. v. Wilmington Trust, Nat'l Ass'n (In re Magnesium Corp. of Am.)United States Bankruptcy Court, S.D. New York · 2018
- Irving H. Picard, Trustee for the Liquidation of B v. Ken-Wen Family Limited PartnershipUnited States Bankruptcy Court, S.D. New York · 2022
- Renco Group, Inc. v. Buchwald (In re Magnesium Corp. of America)District Court, S.D. New York · 2017