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Jeffry Locke, the U.S. Bankruptcy Trustee appointed to oversee the Chapter 7 liquidation of Cosentino Winery has issued his final report which wraps up court proceedings. PROCESS INVOLVES SOLDINGER-RUN COMPANY, NOT CURRENT WINERY The bankruptcy process involves the old Cosentino Winery LLC and associated business entities which failed spectacularly under the management of Chicago accountant […]
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 […]
From Facebook: Time Saturday, January 29 ยท 2:00pm – 5:00pm Location Cosentino Winery Napa Valley Tasting Room (Yountville) 7415 St. Helena Hwy Yountville, CA Created By Cosentino Winery Napa Valley More Info Please join Cosentino Winery this weekend – January 29-30, 2011 – from 2-5p both days for our OFFICIAL Re-opening! Come check out the […]
LICENSE TRANSFER Bankruptcy Judge Alan Jaroslovsky (Eastern District of California) approved on Jan. 14, the sale of Cosentino Winery’s California liquor license (#396215 ) to Vintage Wine Estates for $10,000. The transfer to VWE had not been recorded by the California ABC as of the writing of this article. Click here to check current status. […]
Napa Valley’s Cosentino Winery should be back in business and the tasting room re-opened to the public by the end of January, according to multiple sources involved with the operation. As previously reported, Santa Rosa, CA-based Vintage Wine Estates (VWE) purchased the Yountville winery from Physicians Reciprocal Trust after PRI took it back in a […]
Physicians Reciprocal Insurers (PRI) — Cosentino Winery’s senior secured creditor — now owns the winery after it received no bids at the trustee sale this morning at the Napa Courthouse. No one was willing to meet PRI’s minimum bid of $10.55 million. PRI was owed approximately $12.5 million secured by the winery real estate in […]
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 […]
VIP Subscribers click here to read this update. COSENTINO WINERY TO FACE BANKRUPTCY JUDGE MONDAY, RESULT COULD ACCELERATE FORECLOSURE FOLEY TO BEGIN REMOVING EOS INVENTORY AS SOON AS TODAY Not a VIP subscriber yet? Subscribe now, and get this article along with everything else on the site every day, including original documents and source materials […]
Cosentino Winery closed at the end of business, Nov. 9, according to emails sent by several different managers and employees at the operation. The very short emails shared with Wine Industry Insight by numerous recipients most frequently cited a “tight economy.”
Three large creditors of Cosentino Winery and its parent company, Cosentino Signature Enterprises Ltd. have filed court documents designed to force the two companies into involuntary Chapter 7 liquidation proceedings. California First Leasing, Mustard’s Grill and LCPV Vinreit (a partnership of Entertainment Properties Trust) filed documents yesterday afternoon in U.S. Bankruptcy Court for the Northern […]
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