USA: Clearly Canadian Obtains Judgment Against American Winery

Most popular

The just-drinks Analyst returns

Why single malt should ignore its core consumer

Four trends shaping the UK's alcohol market

just-drinks speaks to Montanya Distillers CEO

Everywhere is now a drinking occasion - Trends

Clearly Canadian Beverage Corporation (Nasdaq:CCBC)(TSE:CLV.) today announced that it successfully obtained a judgment for approximately US$3 million against American Winery, Inc.

In late 1997, Clearly Canadian filed suit in United States District Court to collect the balance due it on a loan made to one of its former contract bottlers, American Winery, Inc. On September 5, 2000, after a brief hearing, Judge Carol Jackson entered a final judgment in Clearly Canadian's favour and against American Winery, American Winery's primary shareholder, Timothy Rand, and Highland Community Bank.

The judgment included: (1) a judgment against American Winery in the amount of $2,957,952 (U.S.) for principal and interest, plus court costs and attorneys' fees; (2) a judgment declaring that Clearly Canadian's interest in certain American Winery plant equipment is superior to Highland Community Bank's claimed interest; and (3) an order entitling Clearly Canadian to take possession of that plant equipment, in partial satisfaction of the judgment. The judge also dismissed all claims and counterclaims of American Winery and Timothy Rand. American Winery has indicated an intention to appeal Judge Jackson's judgment. The time for filing such an appeal is within 30 days of the date of entry of judgment, but that deadline could be extended by the filing of various post-judgment motions.

Based in Vancouver, B.C., Clearly Canadian is a leading producer of premium beverages, including Clearly Canadian(R) sparkling flavoured water, Clearly Canadian O(plus)2(R) and Tre Limone(TM), which are distributed extensively in the United States, Canada and numerous countries worldwide. Clearly Canadian also owns CC Beverage (U.S.) Corporation, a Washington State company, which produces and distributes Cascade Clear(TM) and Clearly Canadian products in the United States and other countries as well as co-packing for other manufacturers' brands. CC Beverage also operates a home/office water delivery business in the U.S. Pacific Northwest. Additional information on Clearly Canadian and CC Beverage may be obtained on the world wide web at

Related Content

Bolthouse Farms marks life after Campbell Soup with CBD launches

Bolthouse Farms marks life after Campbell Soup with CBD launches...

Remy Cointreau launches global campaign for Remy Martin - video

Remy Cointreau launches global campaign for Remy Martin - video...

Weed Cellars’ Weed Cellars lager - Product Launch

Weed Cellars’ Weed Cellars lager - Product Launch...

Trinchero to handle Hanson of Sonoma's vodka portfolio in US

Trinchero to handle Hanson of Sonoma's vodka portfolio in US...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..

Forgot your password?