TX Judge Upholds Strict Interpretation of One Share Rule

Texas has really gotten itself into a royal mess this year. The latest is a decision that could cost Core-Mark Midcontinent, one of the largest distributors of consumer goods in North America, its license to distribute alcohol in the Lone Star state thanks to the fastidiousness of its competitor McLane Company.BACKGROUND. You'll recall, McLane has been fighting to obtain an alcohol distributor license in Texas for years. It was denied a license because its parent company, Berkshire Hathaway, also owns