Uncle Nearest Distillery Put in Receivership over $108M Debt - Boston ...

Uncle Nearest distillery put in receivership over $108M debt - Boston ...

Black-owned Uncle Nearest whiskey brand is placed under a receivership

Founder Fawn Weaver's role in the brand is in question while decisions are made about the new receivership.

Black-Owned Nearest Green Distillery Taken from Founders After $108M Loan Dispute

A federal judge in Tennessee has ordered Black-owned Nearest Green Distillery to be placed under receivership, removing founder Fawn Weaver and her husband, Keith, from operational control for now. The August 14th ruling came after lender Farm Credit claimed the Weavers and their Uncle Nearest whiskey brand defaulted on more than $108 million in loans and were close to missing more payments. The court said the move was needed “to safeguard the d…

Judge removes control of Uncle Nearest from Fawn Weaver

News straight outta Inglewood, CA

Black-Owned Uncle Nearest Whiskey Brand Placed Under Receivership

Source: Jack Daniel’s/Uncle Nearest / Jack Daniel’s/Uncle Nearest The future of Uncle Nearest, the celebrated Black-owned whiskey brand, is now uncertain as it has been placed under a receivership following a federal court ruling. The decision, which stems from a lawsuit filed by one of its lenders, Farm Credit Mid America, raises questions about the brand’s leadership and financial stability. The Financial Dispute As reported by the New York Ti…

Uncle Nearest Whiskey Placed In Receivership After $100m+ Loan Dispute

Uncle Nearest has been one of the fastest-growing spirits brands in the United States in recent years. Credit: Uncle Nearest Inc. A Tennessee court has placed Uncle Nearest, the whiskey brand celebrated for honoring the legacy of formerly enslaved distiller Nearest Green, under receivership following a dispute over more than $100 million in loans. Lawsuit Alleges Loan Defaults and Misuse of Funds Farm Credit Mid-America, a Kentucky-based agricul…