October 28, 2021

Saving Break

Break Through With Legalicy

Lawsuit contends New Glarus Brewing CEO aims to squeeze out traders

Are the places off the cow?

Some unique investors have sued New Glarus Brewing Co., accusing its main govt officer Deb Carey of making an attempt to freeze them out of revenue from the wildly successful craft beer maker, which the investors say was producing $20 million in once-a-year income.

In a lawsuit area in Dane County circuit court, three plaintiffs cite Wisconsin regulation aimed at guarding minority shareholders “from burdensome, severe and wrongful perform by administrators and managing shareholders, and from oppressive steps that threaten fair expectations underlying the shareholders’ investments,” 

The plaintiffs are Karen Eichhoff, of Middleton, Steven Speer, of Camas, Washington, and Roderick Runyan, of Lawrence, Kansas.

New Glarus Brewing in New Glarus.

Carey identified as the lawsuit, “a full blind side” assault from buyers who ended up amiable just a couple of months back and under no circumstances just asked for far more income. Irrespective of the shock, she reported she’s assured the “pathetic” lawsuit” will be place to relaxation shortly.

“We are not going anyplace,” she mentioned. “I will never be bullied into advertising or transforming our business model.”