Tech entrepreneur emerges as white knight to end bitter Sullivan Vineyards bankruptcy

November 9, 2017

An experienced global technology entrepreneur has emerged as a white knight who is expected to make an 8-figure, all-cash offer to settle the bitter and contentious bankruptcy of Sullivan Vineyards by buying the winery and vineyards for an amount sufficient to reimburse all creditors and still leave some equity for the Sullivan family. The offer […]

Sullivan Vineyards must be sold, cannot be reorganized says Bankruptcy Trustee. Family pushes back.

October 27, 2017

Sullivan Vineyards cannot be managed out of bankruptcy and should be sold in an orderly manner according to the court-appointed trustee Timothy Hoffman who says he has retained “Napa Valley’s best” wine broker. The grim conclusion “[T]he Trustee has determined that a reorganization of the Debtors’ business is not feasible. Rather, an orderly sale of […]

Calif legislation would put drinking water in same taxable category as tampons and diapers

August 25, 2017

California has long considered it regressive to tax items that are considered essential to life such as food, shelter, power, water and prescription drugs. Last year Golden State lawmakers took heat for labeling tampons as non-essential and now it seem on course to add drinking water to the list of items that should be taxed. […]

The Appeals Board opinion’s formal summary of what happened

April 18, 2016

Appeals Board quotes are in red Other than the addition of more paragraph breaks and omission of footnotes and citations for readability, the following is a direct, complete and unedited “cut and paste” from the Appeals Board’s decision that summarizes one of the ABC Bottlerock circumstances. Some specifics — such as the amounts paid, timing, […]

The bankrupt owner of the bankrupt Premier Cru has Wells Fargo’s $100K supercharged Corvette and they want it back.

March 2, 2016

Even as complaints about Premier Cru Fine Wines continued to mount on Yelp and The New York Times, John Fox — the now-bankrupt owner of the now-bankrupt wine company — found time to stop into a Bay Area Chevy dealership and buy a 2016 supercharged Corvette[$ VIP pdf] loaded with goodies and worth more than […]

Deerfield Ranch Winery Says Chapter 11 Resulted From Shoddy Rabobank Actions

February 18, 2015

Deerfield Ranch Winery’s Feb. 13, 2014 Chapter 11 filing should never have been necessary but for shoddy treatment by senior secured lender Rabobank according to a winery declaration filed in U.S. Bankruptcy Court for the Northern District of California (Santa Rosa.) The declaration by Robert Rex, winery co-founder and winemaker charged that Rabobank had dealt […]

Crimson Wine Restates Erle Martin Departure, Gives Him $750K Severance

November 6, 2014

Crimson Wine Company (Nasdaq: CWGL) filed 8K, and 8K/A documents with the SEC today that revise its previous statement regarding the sudden departure of President and CEO Erle Martin. Among the documents was a severance agreement that included a $750,000 payment to Martin and a mutual release of legal liabilities between him and the company. […]

DISCUS Wades Big Time Into Oregon Grocery Liquor Sales Process

March 14, 2014

The Distilled Spirits Council of the United States (DISCUS) has forged close relationships with American grocery chains in an effort to fight “wine only” state laws according to multiple board members who have spoken with Wine Industry Insight on a “not for attribution basis.” Those interviews have also revealed a growing alliance between DISCUS and […]