Barrel Stop Gets Offer, Buyer Background Raises Viability Doubts

March 28, 2012

Bankrupt Barrel Stop has received an offer from a potential buyer, but doubts persist about the legitimacy of the offer and the ability of the potential purchaser to perform. In addition, Mechanics Bank, which is the largest — $3,766,084 — and most senior secured creditor has objected to Barrel Stop’s reorganization plan which relies entirely […]

Mitch Cosentino Sues Soldinger & Directors of His Former Winery Company

March 21, 2012

Mitch Cosentino has sued Larry Soldinger and four other former directors of a company that once controlled his namesake winery alleging (among other things) misrepresentation, breach of fiduciary duty, negligence, and breach of contract in a case that may include forged signatures. This lawsuit does not involve the current Cosentino Winery which is owned by […]

Final Hammer Dropping On WineGavel?

March 6, 2012

San Francisco-based WineGavel, a three-year-old live and online wine auction company, has had its warehouse operation — Cellar 29 — evicted by the landlord last week, according to witnesses who said they observed papers being served by Napa County Sheriffs. The development has left auction winners confused about where to pick up their purchases and […]