The moves are the latest turn in a months-long legal saga surrounding allegations that the Tennessee distillery has defaulted on more than $100 million in loans.

Taking to Instagram, founder and chief executive Fawn Weaver announced that she and other founders had filed a lawsuit against Farm Credit Mid America in the Supreme Court of New York that alleges that the lender “knowingly circulated false accusations about Uncle Nearest… including claims of missing inventory, financial misconduct, negative cash flow and insolvency despite possessing the records that contradicted those claims”.

"The accusations circulated about us were not only false,” said Weaver. “The bank knew they were false when they made them, and they knew those accusations would strike directly at the credibility that allowed this brand to grow against all odds in this industry.”

Weaver also stated that “the receivership of Uncle Nearest is done”.

Uncle Nearest has been under court-appointed receivership since August 2025, with the company currently under the control of receiver Philip Young.

In response to the filings by Weaver and Uncle Nearest shareholders, Young moved to block the petition for bankruptcy protection motion and filed for sanctions against Weaver and/or her counsel for “wanton and wilful violation of this Court’s order appointing the receiver.”