California Craft Brewing Icon Ballast Point Faces Shutdown Risk Amid Legal Dispute

California Craft Brewing Icon Ballast Point Faces Shutdown Risk Amid Legal Dispute

Ballast Point Brewing, which was once purchased for $1 billion, is staring at an uncertain future. According to its parent company, Kings & Convicts, the business may shut down due […] The post California Craft Brewing Icon Ballast Point Faces Shutdown Risk Amid Legal Dispute appeared first on edhat.

Craft Beer Titan Ballast Point at Risk of Closure Amid Internal Lawsuits

Board members in the ownership group of Ballast Point Brewing say the craft beer pioneer is at risk of “operational collapse” amid a legal battle claiming a fellow member took out millions in unauthorized loans. A pair of civil complaints filed this April allege William Trzos, member of Kings & Convicts Holding Co., LLC, which owns Ballast Point, obtained $3 million from lenders without the knowledge or approval of the rest of the group. The law…