Perelman scores victory vs Rennert in billionaire battle

Newswire

Dec 26 (Reuters) - Ronald Perelman has notched a legal victory against fellow billionaire Ira Rennert, who has been ordered by a Delaware court to direct his business to turn over $48.7 million in a dispute over a jointly owned truck maker. The two moguls have battled in court for the past six months over a 2004 deal in which a Perelman company bought 70 percent of AM General LLC from Rennert. AM General makes Humvees for military forces in the United States and around the ...

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