Luxco Takes Beam to Court Claiming Breach of Contract

Dear Client: Luxco, the company behind brands such as Pearl vodka, Juarez tequila, and Ezra Brooks bourbon, filed a lawsuit last month in the US District Court of Illinois against Jim Beam Brands Co. for a breach of contract. LAWSUIT CLIFFS NOTES: In Luxco's official complaint document, filed January 17, the company says it entered into negotiations for the sale of "certain intellectual property and other assets" by Beam to Luxco. The agreement dated January 18, 2013 included the exclusive