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Stock impact report

Why funds from Jay-Z firm are part of Uncle Nearest whiskey legal dispute [Yahoo! Finance]

Sony Group Corporation American Depositary Shares (SONY) 
Company Research Source: Yahoo! Finance
company hid a $20 million loan it received from MarcyPen, a venture capital firm co-owned by rapper Jay-Z The lender filed its suit July 2025 in the U.S. District Court for the Eastern District of Tennessee against Uncle Nearest Inc., Nearest Green Distillery Inc, Uncle Nearest Real Estate Holdings LLC, and co-founders Fawn and Keith Weaver Since the original filing, a federal judge appointed Tennessee-based attorney Phillip G. Young as the receiver for Uncle Nearest. The Weavers have also filed a defamation lawsuit against Farm Credit , and Fawn Weaver separately attempted to place Uncle Nearest into Chapter 11 bankruptcy. A federal bankruptcy judge ultimately dismissed Fawn Weaver's Chapter 11 bankruptcy petition, due to the fact that Fawn Weaver had no legal authority to file the company into bankruptcy because Uncle Nearest is in receivership, the Tennessean reported Farm Credit and the appointed receiver, Phillip G. Young, have accused Uncle Nearest of insolvency, claimin Show less Read more
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