The Latest Breaking News from Adelaida

California winery founded in 1981 faces liquidation after $12.7m family feud

Adelaida Vineyards, a winery in California, has entered bankruptcy following a family dispute over finances. This conflict resulted in a $12.7 million court judgment against the winery, leading to significant debt. The winery filed for Chapter 11 bankruptcy in December 2024, hoping to find a buyer for its assets. As…

The Times of India · Oct 24

California winery founded in 1981 faces October 15 sale deadline after $12.7 million court judgment

California's 45-year-old Adelaida Vineyards faces an October 15 deadline to find a buyer after a family dispute led to a $12.7 million court judgment and bankruptcy filing. Court documents estimate its sale value at $3.8 million to $6.7 million, compared with $1.4 million to $2.8 million through liquidation. A proposed…

The Times of India · Oct 15