In an unusual move, the majority shareholder in Stoli, owner of Kentucky Owl bourbon, is asking a bankruptcy judge to approve the company's plan to pay off its debt with bourbon, despite objections ...

Kentucky Owl seeks to exit bankruptcy using 35,000 barrels as debt payment. Fifth Third Bank opposes the plan, citing asset mismanagement and losses. Stoli warns rejection may trigger Chapter 7 ...

Stoli's majority owner urges court to approve debt plan despite bank opposition. Fifth Third Bank rejects bourbon-based repayment, proposes outside fiduciary. Schefler blames Putin, cyberattacks, and ...