#UncleNearest founder Fawn Weaver is fighting for control of her Tennessee
#whiskey brand after a federal judge placed it under receivership on August 14 over defaulting on $108 million in loans. Founded in 2017 by Weaver, Uncle Nearest was created to celebrate the formerly enslaved Nearest Green, who taught Jack Daniel how to make whiskey.
The decision has created a major crossroads for the eight-year-old business, which Weaver had intended to bequeath to the descendants of Green.
Farm Credit Mid-America, a cooperative bank, sued the distillery in July over breach of contract, and last week, a
#Tennessee judge decided the business would be put under a receivership, which would give an independent individual the legal power to make sure the creditor gets repaid, including selling assets like real estate or through restructuring.
The judge is now deciding who to appoint and is taking into consideration recommendations from both sides. Read more at the link in our bio. (Photo: Jamel...