A California winery founded in 1981 faces an October 15 buyer deadline after a $12.7 million judgment and Chapter 11 case; court filings put a sale at $3.8M-$6.7M versus $1.4M-$2.8M in liquidation
The family has also reached a proposed settlement that could help prevent liquidation A California winery that has been operating for 45 years could face liquidation if it fails to find a buyer by October 15, following a long-running legal dispute between members of the family that owns it. Adelaida Vineyards, one of the earliest…