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From: lewis.perdue@wineindustryinsight.com

Subject: NEWS FETCH - OCTOBER 20, 2010 - WINE INDUSTRY INSIGHT

Date: 2010-10-20 12:23:26

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October 20, 2010

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Bankruptcy Trustee Sues Renwood Winery For $1 Million



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Bankruptcy Trustee Sues Renwood Winery For $1 Million

The U. S. Bankruptcy Trustee appointed to oversee the Chapter 11 of the Renwood Group, Inc. (RGI) has filed two adversary proceedings against Renwood Winery to recover $995,000 in allegedly improper or fraudulent payments from RGI to the winery.

RGI, which filed for Chapter 11 bankruptcy protection on Oct. 9, 2009, owns 94.74 percent of Renwood Winery (RWI) and 100% of Renwood Vineyard Properties, which has also filed for Chapter 11.

Renwood Winery has not filed for bankruptcy.

VIP Subscribers click here to read the complete, un-redacted article.

Also In This Article:

The full text of the following sections is available to VIP Premium Subscribers).
  • LARGEST LAWSUIT CHARGES PREFERENTIAL PAYMENT AND FRAUDULENT TRANSFER
  • WINERY FAILED TO PAY AGREED-UPON MANAGEMENT FEES
PREVIOUS WINE INDUSTRY INSIGHT COVERAGE OF RENWOOD BANKRUPTCIES

Renwood Group, Lender Spar Over Canceled Trademarks, License Deals

While TLA and Renwood Group (the parent company of Renwood Winery and Renwood Vineyard Properties) have crossed swords for months over the production of documents by both sides, court documents indicate that TLA’s request for a court-appointed trustee grew most urgent when it says it suspected that all three Renwood companies “were engaging [...] August 3, 2010

Bankruptcy Trustee To Examine Renwood Group Finances

Sacramento CPA David D. Flemmer has been approved by the U.S. Bankruptcy Court for the Eastern District of California as U.S. Trustee to oversee Renwood Group’s bankruptcy reorganization. In addition, Judge Robert S. Bardwil has also approved Flemmer’s request for a Rule 2005 examination. August 3, 2010

W.J. Deutsch-Renwood Legal War Worthy Of A Grisham Novel

EDITOR’S NOTE: This is one of Wine Industry Insight’s longer articles. But even at more than 2,300 words, it is impossible to do more than touch on some of the more prominent aspects of this very complicated litigation. Because of this, we have included links to far more than the average number of full legal [...] February 17, 2010

Bankruptcy Update - Diamond Oak, Renwood, Stevenot
[...]
January 10, 2010

Renwood Winery Parent Companies File Chapter 11
Recession-induced changes in bank behavior — with bailed-out institutions lending less and paying big exec bonuses — have tripped up a prominent player in Amador County’s Zinfandel movement according to Robert I. Sterling, founder and Chairman of Renwood Winery Inc. whose two parent companies have filed Chapter 11 [...] October 22, 2009

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Lewis Perdue
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Email: lewis.perdue@wineindustryinsight.com