FREE! Subscribe to News Fetch, THE daily wine industry briefing - Click Here

Ganau corks


PSPS Power

Rabobank, W.J.Deutsch Take Massive Write-Downs As Court Clears Way For Renwood Winery Sale

The sale of financially troubled Renwood Winery has moved a step closer with the  approval of a consent agreement that will allow the assets to be sold free and clear of liens and lawsuits.

Robert S. Bardwil, U.S. Bankruptcy Court Judge for the Eastern District of California, has approved a compromise consent agreement in the case of bankrupt Renwood Group which owns 95 percent of Renwood Winery and 100 percent of Renwood Vineyard Properties.

Renwood Winery has not filed for bankruptcy, but has been under the administration of  court-appointed receiver Winston Mar who has been trying to sell the winery.

The sale has been thwarted by a lack of agreement among: Rabobank, W.J. Deutsch & Sons, Renwood Group’s bankruptcy Trustee David Flemmer, and Robert Smerling.

Wine Executive News subscribers please click here to read the complete article.

Also In This Article:

The full text of the following sections is available to Wine Executive News):


    • Full consent decree
    • A timeline/summary of the case as laid out by Trustee Flemmer

Not a Wine Executive News subscriber yet?

Subscribe to Wine Executive News now, and get the rest of this original article along with everything else on the site every day, including original documents, spreadsheets,and source materials for just $13.99 per month or $159 per year. Click here for more details.


Rombauer Buys Major El Dorado Vineyard From Renwood Bankruptcy
Koerner Rombauer has agreed to buy the Twin Rivers Vineyard from the bankruptcy estate of Renwood Vineyard Properties.

Calif Appeals Court Finds For W.J. Deutsch In $5.6 Million Renwood Winery Litigation
A California appeals Court has denied Renwood Winery’s bid to invalidate an arbitrator’s decision against it in a $5.6 million contract dispute with W.J. Deutsch (WJD).

Court Appointed Receiver Keeps Renwood Winery Open After 100% Layoffs
The receiver for Renwood Winery, appointed by Judge Robert S. Bardwil of the U.S. Bankruptcy Court for the Eastern District of California, has reversed the layoffs that terminated all winery employees […] November 2, 2010

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 […]October 20, 2010

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