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12/21/2012 04:33:59 PM EST

Renco Owes Ex-Unit $49M From Humvee Venture, Judge Says

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Law360: Mergers & Acquisitions

A Delaware judge on Friday ordered Renco Group Inc. to release $49 million to its former unit AM General Holdings LLC, ruling that Renco and its subsidiaries held the funds in likely violation of a joint venture with MacAndrews & Forbes Holdings Inc. to produce Humvee trucks. Read More...