Plethora of Latent Tied-House Violations are Coming to a Head in Texas

Dear Client:The Texas Alcoholic Beverage Commission (TABC) enforces a "One Share Rule," which means a single overlapping share of stock ownership between tiers, whether direct or indirect, is in violation of the state's tied-house laws.Our WSD team brought this law and the story that follows to light last month with their coverage on Warren Buffett's food distribution business, McLane Company, and its determination to distribute alcohol in Texas. McLane tried to secure an alcohol distribution permit from the TABC back