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Farm Credit

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business5 months ago

Legal Troubles Mount for Uncle Nearest Whiskey Amid Financial and Ownership Disputes

The popular Black-owned whiskey brand Uncle Nearest is facing a major legal setback after a federal judge approved the appointment of a receiver to take over the company amid a $100 million lawsuit from Farm Credit Mid-America, which claims the company defaulted on loans and provided false information about its whiskey barrels, leading to a significant blow to the brand's control and reputation.