Dinesh Maniar, whose wine and race-horse empire went into Chapter 11 last fall, has agreed to sell his San Francisco home in order to provide $1.8 million in funding for the Diamond Oaks Vineyards (DOV) reorganization plan. Court documents indicate that the money is a sweetener to convince secured creditors to approve the plan. REORGANIZATION […]
Calif Appeals Court Finds For W.J. Deutsch In $5.6 Million Renwood Winery Litigation
December 8, 2010
Renwood Winery has lost its bid to invalidate an arbitrator’s decision in a contract dispute with W.J. Deutsch (WJD). The California Court of Appeals for the Third District, (Sacramento) decided on Dec. 6 that an Oct. 29, 2009 arbitration decision from the Judicial Arbitration & Mediation Service (JAMS) was valid and that Renwood Winery owes […]
Cosentino Winery Sale Set, Management AWOL
December 2, 2010
Physicians Reciprocal Insurers (PRI) will sell Cosentino Winery to the highest bidder at 1:30 p.m. Dec. 29 at Brown’s Court in Napa. Despite numerous rumors circulating, no sale has been made and no bids are legal until the formal process is complete. As is to be expected, the process has attracted the interest of the […]