Balcones Founder Claims Suit is a “Ruse” to Mask Real Issues

You may recall our recent reports detailing the legal dispute between Balcones Distilling founder Chip Tate and his board, which is primarily made up of private equity investors [see WSD 09-04-2014 ]. According to legal documents, the board filed a restraining order against Chip for his "unconscionable and reprehensible" behavior and Chip claimed his private equity partners are trying to "unjustifiably take advantage of a craft distiller and take his ownership in Balcones." This week, Chip's restraining order was modified