Sidney Frank’s Suit Against Beam Lives Another Day
Beam Inc.'s attempt to toss out a lawsuit brought by Sidney Frank Importing Co. (SFIC) was rejected by a New York federal judge this week. Recall, SFIC filed a complaint in March 2013 alleging Beam unlawfully terminated its production contract (along with all other third party contracts) at Cooley Distillery for Michael Collins Irish Whiskey after Beam acquired the distillery in 2011. Therefore, SFIC is asking for $100 million in damages, claiming Michael Collins has been absent from the marketplace for so long "it is no longer feasible to resuscitate the brand."
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