National Sues Republic to Freeze Kentucky Sale Cash in KEG1 Deal 

Dear Client: Bankruptcies are difficult, but they are especially difficult and complicated when JVs are involved. You may recall, RNDC and National Wine & Spirits have operated under a joint venture in Kentucky, with RNDC owning a 68.75% interest and NWS owning the rest of RNDC Kentucky (remember that number, it becomes important later). The bankruptcy court recently authorized RNDC Kentucky to sell its assets to KEG1 River City. But the deal has hit a hiccup with an 11th-hour filing