Truett-Hurst Sues Hambrecht Over Winery Eviction Effort

Truett-Hurst (NASDAQ: THST) has sued Hambrecht Wine Group in a move to counter an eviction notice to oust THST from VML Winery — its main production winery located near Healdsburg in Sonoma County.

Hambrecht Wine Group is controlled by Bill Hambrecht a former THST board member whose brokerage firm took the winery public in 2013.

For more on the eviction notice see: Hambrecht Moves To Evict Truett-Hurst From Key Facility: VML Winery.

The legal action  in Sonoma Superior Court was brought by H.D.D, LLC which controls Truett-Hurst Winery through a business structure which limits public stock ownership control (see below).

Sources say the eviction may be a desperation move so the winery can be sold for needed cash.

Hambrecht, once thought to be a billionaire, has left a long trail of unpaid wages, debt and legal obligations.  (See also: Hambrecht Sells Floodgate Vineyard To Pay Obligations)

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(The full complaint document available here for Wine Executive News Premium subscribers.

Also In This Article:

The full text of the following sections is available to premium subscribers of Wine Executive News:

• Dispute Hinges On Whether Truett-Hurst Properly Exercised Lease Option

• “Sham” Eviction Action To Enable Hambrecht To Pay Debts, Sources Name Prospective Buyers

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