RNDC Files for Ch.11 Bankruptcy

Dear Client:  After a tumultuous couple of years, Republic National Distributing Co. is filing for bankruptcy.  Yesterday, the wholesaler voluntarily filed for Chapter 11 bankruptcy in the Southern District of Texas "to explore potential sale transactions in court and implement an orderly wind down of our remaining operations," per company update.  According to the bankruptcy filing, RNDC has more than 100,000 creditors, estimated assets between $500 million and $1 billion, and estimated liabilities between $1 billion and $10 billion.  Notably,