AM General Holdings LLC v. The Renco Group, Inc. & The Renco Group, Inc. v. MacAndrews AMG Holdings LLC

IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE AM GENERAL HOLDINGS LLC, directly and derivatively on behalf of Ilshar CAPITAL LLC, Plaintiff v. THE RENCO GROUP, INC., IRA L. C.A. No. 7639-VCS RENNERT, and ILR CAPITAL LLC, Defendants, and ILSHAR CAPITAL LLC, Nominal Defendant. THE RENCO GROUP, INC., Plaintiff, v. MacANDREWS AMG HOLDINGS LLC, MacANDREWS & FORBES HOLDINGS INC., and RONALD O. PERELMAN, C.A. No. 7668-VCS Defendants, and AM GENERAL HOLDINGS LLC, Nominal Defendant. MEMORANDUM OPINION Date Submitted: May 23, 2016 Date Decided: August 22, 2016 Stephen P. Lamb, Esquire and Meghan M.…