Attorneys for the founders of Uncle Nearest have again asked a federal judge to terminate the court-ordered receivership overseeing the whiskey company, arguing that the business is solvent, capable of paying its debts, and is losing value under the receiver’s control.
The request was filed in the U.S. District Court for the Eastern District of Tennessee as part of a reply supporting an emergency motion to reconsider earlier orders that placed the company into receivership.
At the same time, lender Farm Credit Mid-America asked the court to seal certain declaration exhibits filed in the case, saying they contain personal identifying information that must be redacted before public release.