Uncle Nearest Premium Whiskey co-founders Fawn and Keith Weaver, along with the company’s largest shareholder, recently filed an emergency motion asking a federal court to reconsider the receivership overseeing the business. They argue that the arrangement is now harming the company rather than protecting it and are also seeking to prevent the receiver from sharing what they describe as competitively sensitive information with potential buyers.
In the filings, the Weavers urged the court to limit the receiver’s authority to monitoring and reporting functions and to return day-to-day operational control to Uncle Nearest’s board and executive team. The motion contends that the request is not an attempt to relitigate past disputes, but rather to reassess whether the receivership remains necessary in light of new developments—including a sharp decline in retail sales that they argue is directly tied to the receiver’s lack of experience managing a large-scale whiskey brand.
The emergency motion comes as a U.S. District Judge scheduled a joint hearing for Feb. 9 in Knoxville to address both whether the receivership should continue and whether it should be expanded to include additional affiliated entities. The case stems from a July 2025 lawsuit filed by Farm Credit Mid-America, which alleges Uncle Nearest and related companies breached a credit agreement tied to more than $100 million in loans.
The court declined requests to immediately curb the receiver’s powers or grant a two-day expedited hearing, instead opting to consolidate all related issues into the February 9 proceeding.
Meanwhile, a Georgia-based investor group, NexGen 2780, submitted a letter of intent in January proposing to acquire the company’s assets, resolve its reported $108 million debt, provide additional working capital, and offer an exit framework for current equity holders.