The Sept. 14, 2009 bankruptcy petition by Diamond Oaks Vineyards and its owner, Dinesh Maniar is fraudulent and filed in bad faith, according to court documents filed by Hartford Life which is seeking to foreclose on property it has financed. Hartford holds first mortgages on two Napa Valley properties at 4500 and 4529-4531 St. Helena […]
After Ninja Turtles and Toxic Waste, Eos Estates Purchaser Must Walk Grueling Tightrope To Succeed
November 10, 2009
The Saint James Company (Pink Sheets – SJTC:OB) — which has slogged a path through toxic chemicals, radioactive waste and Mutant Ninja Turtles — will certainly be the wine industry’s Cinderella story of the century so far, if it can walk the tightrope that leads successfully from being a shell corporation to the owner of […]
Imports Lag, But Wine Sales Climb 3.5% On Strong Domestic Sales
November 4, 2009
Total wine sales in the United States rose 3.5 percent for the 52-week period ending Oct. 17, according to data from The Nielsen Company. The increase was more modest for the four-week period ending Oct. 17, with an overall gain of 2.3 percent. DOMESTIC WINES SURGE, IMPORTS STUMBLE Domestic table wines led the increase with […]
Bankruptcy Update – Conti, Stevenot, Mobius
WINERY DISPOSITION/MOBIUS PAINTER: KEN WILSON OUT, NEW BUYER IN No longer willing to put up with the interminable wrangling between the debtor and creditors, Healdsburg vintner Ken Wilson dropped his offer to buy the vacant Sonoma Valley parcel despite its vested winery use permit and generous public events allowance. The Highway 12 property, just east […]