New Delaware Chapter 11 Filing – Montesquieu, Inc. et al.
Montesquieu, Inc., along with two affiliates and subsidiaries, has filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Lead Case No. 19-10599). According to the First Day Declaration, the Debtors comprise a “unique direct to consumer wine business” that produces, bottles and sells win under its own brand, as well as licensing and distributing boutique wines from thousands of lesser known wineries. The First Day Declaration further explains that the Debtors have filed as a result of an unsuccessful attempt to expand their operations into “wine cruises” for high net-worth clients. A list of the Debtors’ twenty largest unsecured creditors can be found here. Stretto is the proposed claims and noticing agent. The cases have been assigned to the Honorable Brendan Linehan Shannon.
Contact Norman L. Pernick, G. David Dean or Myles R. MacDonald for more information regarding this matter.
As the law continues to evolve on these matters, please note that this article is current as of date and time of publication and may not reflect subsequent developments. The content and interpretation of the issues addressed herein is subject to change. Cole Schotz P.C. disclaims any and all liability with respect to actions taken or not taken based on any or all of the contents of this publication to the fullest extent permitted by law. This is for general informational purposes and does not constitute legal advice or create an attorney-client relationship. Do not act or refrain from acting upon the information contained in this publication without obtaining legal, financial and tax advice. For further information, please do not hesitate to reach out to your firm contact or to any of the attorneys listed in this publication.
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