Bankruptcy Judge Rejects Creditor Objections, Approves Winc Sale To Stalking Horse

January 19, 2023

ARTICLE IN PROGRESS Despite strong objections from Winc’s UnSecured Creditor’s committee, a judge for the Delaware Bankruptcy Court ruled January 18, that the insolvent subscription wine company is free to sell all its assets free and clear to Project Crush Acquisition Corp LLC (Delaware), a newly created LLC corporation run by created by Mark Lynn […]

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Winc Files Holiday Onslaught of Bankruptcy Documents; Unsecured Creditors Fire Back On New Year’s Eve

January 3, 2023

Winc’s attorneys filed a 10-document onslaught in the middle of the Christmas/New Year’s holiday week seeking immediate approval from the bankruptcy judge for a wide-ranging set of  financial moves and transfers. The court’s Official Committee of Unsecured Creditors (the Committee) fired back on New Year’s Eve with a pointed response that fell just slightly short […]

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Deadline Looms For Bids To Buy Winc Assets. Creditor Group Objects Wants Postponement, Rules Changes

December 22, 2022

While the Winc, Inc., stalking horse has a leg up on buying the bankrupt company’s assets, other entities interested in acquiring the company still have an small window in which to enter a competitive bidding process. Those efforts, and its deadlines, are the culmination of an extensive sub rosa effort by Winc’s investment banker — […]

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Winc Files Chapter 11, Leaves Behind Thousands of Creditors

December 2, 2022

Subscription club wine seller Winc, Inc., (WBEV-NYSE, Small Cap) — filed for Chapter 11 bankruptcy on November 30, in United States Bankruptcy Court for the District of Delaware. Two of its affiliated companies — Winc Lost Poet and BWSC LLC — also filed bankruptcies. Winc was founded as Club W. The bankruptcy comes after years […]

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Small AlcBev Markets Sue Southern Glazer’s, Alleging Illegal Secret Pricing, Extras For Large National Stores; Case May Be Linked To Federal Agent Raid May Be Linked To Federal Agent Raid

November 8, 2022

NOTE: A draft of this article was emailed to the law firms representing each side of this case for comment. No reply has been received yet. A trial date of Dec. 5, 2023 has been set for a class-action case brought in Federal District Court for the Central District of California by a group of […]

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Pivotal Bankruptcy Court Hearing For Spring Mountain Vineyards

October 18, 2022

Spring Mountain Vineyards faces a pivotal emergency hearing today in U.S. Bankruptcy Court for the Northern District of California, Santa Rosa Division to make its case for using secured assets to pay for continued operation. The Zoom proceeding before Judge Charles Novak is scheduled for 8 a.m. View previous Wine Industry Insight coverage of the […]

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Spring Mountain Vineyard Has Filed For Chapter 11 Bankruptcy

October 3, 2022

Saint Helena’s Spring Mountain Vineyard has filed for Chapter 11 bankruptcy. The petition was filed September 29, 2022 in U.S. Bankruptcy Court for the Northern District of California, Santa Rosa. A status conference has been scheduled for 11 a.m., November 18, 2022 at 11:00 a.m. in Oakland. Hasty Incomplete Filing The The Initial Spring Mountain […]

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Storied Carneros Pinot Winery For Sale Again

September 28, 2022

A storied Carneros winery with decades of history is for sale, again. The winery at 1285 Dealy Lane first reached national prominence in 1972 as the home of a stellar Pinot Noir when legendary winemaker Francis Mahoney founded Carneros Creek Winery. Things went rocky in 1998 after financial wheeler-dealer Bill Hambrecht bought into the winery […]

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Gallo Sues Freixenet Over Prosecco Bottle Design

August 31, 2022

The E. & J. Gallo Winery of Modesto, Calif., has filed suit against Freixenet Mionetto USA and Defendant CL Direct Imports of White Plains New York for allegedly “infringing Gallo’s federally-registered, distinctive, and incontestable trade dress.” The lawsuit was filed in U.S. District Court for the Southern District of New York. The complaint stated that, […]

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Bankruptcy Trustee Rips Into Rabbit Ridge Owner In Contempt Of Court Battle

July 27, 2022

WII Editor’s note:The following is the beginning summary of Court Document ECF-352 -Trustee Reply To Codding Opposition To Contempt. The complete 111-page document available to Wine Executive News premium subscribers as are redacted portions in this article. Paragraphs have been added to increase readability. Subheads and any other text not included in the original document […]

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