Widow Jane Pushes Back Against Acquisition

Last month a group of industry executives filed a lawsuit in Delaware Chancery Court against the owner of Widow Jane bourbon, Daniel Preston, for allegedly sabotaging the sale of the brand, claiming that Daniel found a higher bidder [see WSD 03-03-2017]. Though, Daniel argues there is no higher bidder. Rather he doesn't want the sale to go through because he argues in a counterclaim that the buyers struck the sales agreement under false pretenses of how they intend to carry on the brand, per Law360.

You are unauthorized to view this page.