Fawn and Keith Weaver, the founders of the Uncle Nearest whiskey brand, are opposing efforts to add more of their businesses that are already placed under judicial control. Nearest Green Distillery and the flagship Uncle Nearest whiskey brand have been under a receiver’s management since September, after lender Farm Credit Mid-America claimed the Weavers defaulted on more than $108 million in loans. The weavers opposing efforts Receiver Phillip Young asked US District Judge Charles Atchley Jr. to decide if other Weaver-affiliated businesses should be included in the receivership, including a
Uncle Nearest whisky company remains viable and should continue operating, according to the first quarterly report filed by a court-appointed receiver. “The Company has significant value and can be reorganized, as a going concern,” he wrote, emphasizing that a fire-sale liquidation is unnecessary. The lawsuit against Uncle Nearest The Black-owned brand was in dire straits, with disputes persisting over which assets fell under a federal receivership. The development came from a lawsuit filed by lender Farm Credit Mid-America, which claims Uncle Nearest, Nearest Green Distillery, and its founders, Keith and Fawn
