|Global tech entrepreneur emerges as white knight to end bitter Sullivan Vineyards bankruptcy| November 9, 2017
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November 9, 2017
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Global tech entrepreneur emerges as white knight to end bitter Sullivan Vineyards bankruptcy
A globally successful technology executive entrepreneur has emerged as a white knight who is expected to make an 8-figure, all-cash offer to settle the bitter and contentious bankruptcy of Sullivan Vineyards by buying the winery and vineyards for an amount sufficient to reimburse all creditors and still leave some equity for the Sullivan family, according to bankruptcy documents and public records.
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Also in this article (at Wine Executive News):
Wine-Loving, Technology Wunderkind
Firmest Debt Estimate Requires mid-to-high 8-figure purchase price
Plus $2 million in employee claims
Litigation Insurance Claims In Doubt; Federal Court Found Sullivan Vineyards Lied On Application
Winery & Vineyard = A Small Portion Of The Price Offered
Full Court Filings from previous issues(Premium subscriber access)
Live links to status hearing audio file and full court documents are available for Wine Executive News Premium Subscribers
- Oct. 23 status hearing audio file (MP3)
- Trustee Status Conference Statement
- SVC-Monthly Operating Report - Month Ended 083117
- SVP-Monthly Operating Report - Month Ended 083117
- Fourth Chapter 11 reorganization Plan
- Fourth Chapter 11 Disclosure Statement
Previous Wine Industry Insight Coverage
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