Don Cornwell reports on the massive Rudy thread on Wine Berserkers that Bill Koch has settled his lawsuit against Royal Wine. In a nutshell, neither Jeff Sokolin, nor Royal Wine "will ever, directly or indirectly, sell, cause to be sold, offer for sale, consign, or distribute “Certain Fine and Rare Wine,” meaning any bottle, magnum, imperial, or other format of wine that (1) is or purports to be of a 1975 or earlier vintage, or (2) is priced for sale (a) above $2,500 for any bottle, (b) above $5,000 for any magnum, (c) above $10,000 for any double-magnum, or (d) above a proportionate price limit for any format larger than double-magnum."
Additionally, if Royal should ever close and Sokolin is employed by another company that sells fine and rare wine, he may not be allowed to have more than a 15% stake in the company.
Don's post on the decision here.
Additionally, if Royal should ever close and Sokolin is employed by another company that sells fine and rare wine, he may not be allowed to have more than a 15% stake in the company.
Don's post on the decision here.