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Wineries and Distributors Dodge Copia’s Big Bankruptcy Bullet

December 9, 2008 | Filed under Uncategorized | Posted by

At least 41 wineries and wine distributors — mostly from Napa Valley — are among the 374 unsecured creditors listed by Copia in its Dec. 1, Chapter 11 filing with the U.S. Bankruptcy Court in Santa Rosa, CA.

According to Copia’s filings, all the unsecured creditors combined are owed approximately $1.3 million. A list of the 20 largest unsecured claims shows a total of approximately $885,000. There are no wineries or wine distributors in that list. The smallest claim, from Express Personnel of Dallas, TX, is for $14,810.

This means that the remaining 354 unsecured creditors – including wineries and wine distributors (a list appears below) — are owed approximately $414,000.

In cases such as this where secured claims far exceed the company’s estimated assets, unsecured creditors can expect little or nothing from the Chapter 11 proceedings.

The complete list of creditors as filed with the bankruptcy court can be found here.

The 20 Largest Claims

According to Copia’s documents filed with the bankruptcy court, San Francisco law firm Winston & Strawn tops the list of the 20 largest claims with a total of $250,000 for professional services.

CREDITOR CLAIM TYPE LOCATION
Winston & Strawn $250,000 law firm San Francisco, CA
Groove 11 $92,800 advertising agency San Rafael, CA
Fleishman-Hillard $68,516 public relations Chicago, IL
Liquid Trade Solutions $58,623 wine shipping Napa, CA
The Patina Group $55,000 restaurants Los Angeles
Stanlee R. Gatti Designs $52,974 event decoration/design San Francisco, CA
Imagination USA $41,850 brand communication New York, NY
Murphy O’Brien $32,874 public relations Santa Monica, CA
Pacific Gas and Electric $28,364 utilities Sacramento, CA
Modern Luxury Media $25,160 magazine Los Angeles, CA
Adco Outdoor Advertising $22,600 billboards Lindale, TX
Young Wells $21,068 marketing communications San Francisco
Classic Party Rental $19,631 event supplies Napa, CA
Hartle Media Ventures $18,500 magazine San Francisco, CA
Public Finance Management $17,175 financial advice Philadelphia, PA
Ticketmaster $16,508 ticket sales West Hollywood, CA
International Wine Center $16,491 wine education/classes New York, NY
San Francisco Chronicle $16,261 newspaper San Francisco, CA
Adler & Colvin $16,119 law firm San Francisco, CA
Express Personnel $14,810 employment svcs Dallas TX

Wineries and Wine Distributors

Bella Vetta Vineyard, Napa Valley
Benzinger Family Vineyard, Sonoma County
Ceja Vineyards, Napa Valley
Darioush, Napa Valley
Dillon Vineyards, Napa Valley
Dolce, Napa Valley
Duckhorn Wine Company, Napa Valley
Epic Wines, Aptos, CA
Esterlina Vineyards & Winery, Philo, CA
Etude Wines, Napa Valley
Frog’s Leap, Napa Valley
Hendry Ranch Winery, Napa Valley
Heron Lake Winery, Napa Valley
Honig Vineyard & Winery, Napa Valley
Joseph Swan Vineyards, Sonoma County
Judd’s Hill Winery, Napa Valley
Kate’s Vineyard, Napa Valley
La Famiglia Bologna, Sonoma County
Laguna Oaks Vineyard and Winery, Sonoma County
Mahoney Vineyards, Napa Valley
Mason Cellars, Napa Valley
McNeil Wines, Napa Valley
Miner Family Vineyards, Napa Valley
Monticello Vineyards, Napa Valley
Morris Distributing, Petaluma, CA
Oriel Wines, New York, NY
Oxbow Wine Market, Napa, CA
PB Hein Vineyards, Napa Valley
PJH Vines and Wines, Napa Valley
Regal Wine Company, San Francisco, CA
Ridge Vineyards, San Francisco, CA
Rombauer Vineyards, Napa Valley
Slingshot Cellars, Napa Valley
Southern Wine & Spirits, San Francisco, CA
Steltzner Vineyards, Napa Valley
Storybook Mountain, Napa Valley
Truchard Vineyards, Napa Valley
Walter Hansel Winery, Sonoma County
Yorkville Cellars, Laytonville, CA
Young’s Market Company, Los Angeles, CA
ZD Wines, , Napa Valley