A federal judge has stripped control of the Uncle Nearest whiskey brand from Fawn Weaver and her husband, Keith, after their lender sought to preserve the integrity of its investment.
On Aug. 1,4 the judge ordered that a receiver will be appointed as requested by lender Farm Credit, which says the Weavers, Nearest Green, and their Uncle Nearest whiskey brand have defaulted on more than $108 million in loans and are on the verge of missing more payments.
All parties are due back in court Aug. 20 to decide who the receiver should be.
The court can craft a receivership order that still allows the Weavers to market Uncle Nearest and further build the brand. By keeping the Weavers involved in this way, they could mitigate any potential brand damage that a receivership might entail.
The Weav