Uncle Nearest is embroiled in a lawsuit stemming from claims by Farm Credit Mid-America regarding breach of loan agreements exceeding $108 million. The lawsuit alleges that the company's owners purchased high-value assets and sold future business prospects at discounts while also liquidating whiskey assets used as collateral to fund other debts. The company's CEO, Fawn Weaver, has responded with social media engagement emphasizing the brand's past successes, while husband Keith Weaver has countered that the company is experiencing growth and has criticized the lawsuit's accuracy and timing.
"The suit makes claims including that the borrowers bought an estate on Martha's Vineyard for two million dollars and that they have sold futures on their business at a discounted price."
"Keith Weaver went on record with The Tullahoma News to note that the company has experienced double-digit growth over the past year; he also said the suit was full of 'inaccurate claims' and that the timing of the lawsuit felt 'purposeful.'"
Collection
[
|
...
]