Napa Wine Finance Deal Tangled In Court Suits Charging Usury, Fraud, Securities Violations

November 26, 2014

EDITOR’S NOTE: Because of the complicated nature of this article involving multiple parties, two different Superior Courts,¬† multiple companies, and a plethora of legal charges and counter-charges and¬†accusations of criminal conduct including money laundering, Wine Industry Insight sent a draft of this massive 6,213-word article to the attorneys on both sides of the issues. The […]

Merrill Lynch Bullishness On Treasury May Be Wishful Thinking

November 11, 2014

Treasury Wine Estates has put the worst behind it with new leadership and “a strategic direction fully supported by the majority of its shareholder base,” according to a Nov. 6 analyst report from Bank of America/Merrill Lynch, which may be peppered with some wishful thinking. The new report opens with a “buy” rating and a […]

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. […]