The Ohio State Attorney General (AG) has a commanding lead in the Direct Shipping legal tournament he started in July against seven companies. Currently, The AG has racked up four clear victories, two game delays, and one contender who decided to fight on. Charged with illegally shipping alcoholic beverages in the July 8, 2020 complaint […]
Winc’s actual retention rate — here’s how the math works
December 2, 2020
Other articles in this series: Winc falls way short of being “The Netflix of Wine” when it comes to customer retention Winc raises $3+ million in latest offering, but fails to disclose federal court case brought against it by state of Ohio Winc the Netflix of wine? (Nope) In our Oct. 20, 2020 issue — […]
Winc falls way short of being “The Netflix of Wine” when it comes to customer retention
November 24, 2020
Previous Coverage Winc the Netflix of wine? (Nope) Winc raises $3+ million in latest offering, but fails to disclose federal court case brought against it by state of Ohio Netflix has become the global gold standard for retention with most estimates showing it holding on to 93% of subscribers. As noted in our previous article: […]
Winc raises $3+ million in latest offering, but fails to disclose federal court case brought against it by state of Ohio
November 5, 2020
Winc says it raised more than $3 million by late October as part of their $17 million investor solicitation despite making no mention in its Offering Circular of the Federal Court lawsuit brought against it by the Ohio State Attorney General. The lawsuit was brought on July 8 in U.S. District Court for the Southern […]
“Winc is the Netflix of wine?” WII takes a closer look at the claims
October 30, 2020
Winc is seeking to raise another $17 million on top of the $50.5 million it has already burned through in the past 9 years. That comes on the heels of last year’s SEC Regulation A offering that sought to raise $15 million for its Series D Preferred stock. That offering closed on Sept. 30 and, […]
Former Long Island Liquor Distributor Sentenced to 24 Months in Prison for Defrauding Investors in Single-Serving Wine Product Featured on Shark Tank
October 12, 2020
Original Court Documents for Premium Wine Executive News Subscribers are available at the end of this article. Note: The company, Copa di Vino has not been accused of illegal conduct Defendant Stole More Than $500,000 from Investors to Fund His Securities Trading Account and Satisfy Mortgage on a Florida Home Earlier today, in federal […]
Vintage Wine Estates smoke-taint insurance lawsuit scheduled for trial; Could set precedent
October 1, 2020
After nine months of legal jousting and pandemic delays, the Vintage Wine Estates (VWE) smoke-taint lawsuit against its insurance company is scheduled for a jury trial sometime in early 2022 in San Francisco U.S. District Court for the Northern District of California. Judge Maxine M. Chesney has set jury selection for Feb. 14, 2022, with […]
SPECIAL PREMIUM SUBSCRIBER: Feds charge man with using Lodi-area vineyard as right-wing militia training camp
September 25, 2020
SPECIAL PREMIUM SUBSCRIBER FEATURE: Full text (46 pages) of U.S. Department of Justice complaint/affidavit used to obtain search warrant. Click here. A Woodbridge-area vineyard was used as a training camp for right-wing counter protestors to prepare to engage in civil disorders, according to a statement from the U.S. Attorney’s Office for the Central District of […]
Aerial imagery firm TerrAvion shuts down leaving up to $50 million in Chapt 11 liabilities, less than $50K in assets
September 8, 2020
Venture-funded aerial imagery firm TerrAvion shut down operations Friday, Sept. 4 just days after its August 31 after Chapter 11 filing. Court documents indicate up to $50 million in liabilities, half of that unsecured. The Hayward-based company, founded by an experienced military drone expert, sought to provide aerial imagery to farmers designed help growers detect […]
Constellation/Robert Mondavi Winery vs The Vineyard House: Set to begin trial Monday (083120) in San Francisco Federal Court
August 30, 2020
Recommended background links: Recent: To-Kalon lawsuit dismissed, then reinstated and combined as both parties refile, but “iconic” still all about myth, Benjamins, and grapes at $38K/Ton Recent: Robert Mondavi Winery Sits in the To Kalon Vineyard. Its Owner Says There’s No Such Place Historical: The True Story of To-Kalon Vineyard, by Matt Stamp, MS After […]