Law Office of Henry B. LaTorraca Civil Trial Attorney

Craft brewery back on market after contract dispute

When an agreed-upon contract goes wrong or is otherwise breached, it can have a significant, cascading effect on the parties involved. In the case of California craft beer manufacturer Monkey Paw Brewing, it could be back on the market due to a pending breach of contract lawsuit filed by the company's own founder. A majority ownership stake in Monkey Paw was purchased by Coronado Brewing in 2017; the larger brewery was looking to develop the production levels and distribution of the smaller company. However, less than a year later, Coronado has moved the craft business back on the open market.

The breach of contract lawsuit was filed by the founder of Monkey Paw in April 2018; the plaintiff remains a minority owner of the business but left his titled role as an adviser in January. In his lawsuit, the man alleges that he is owed over $33,000 by the company. He says that he was given a promissory note in September of 2017 in which the company pledged to pay him $1,005.04 each month going forward, yet he claims that none of those payments have been made.

Coronado argued that its decision to sell the business was not related to the lawsuit. Instead, representatives said that the brand was becoming a distraction for the main brewing business, claiming that it was becoming increasingly difficult to successfully promote its beers or expand production.

Major business decisions, especially involving the sale or purchase of a company, often involve significant, lengthy or complex contracts. When a contract dispute arises, it can overturn what had previously seemed to be a promising or successful venture. A business and commercial lawyer may help advise people and businesses when entering contracts as well as work to protect their rights in case of a breach.

No Comments

Leave a comment
Comment Information

Creative Solutions for Complex Legal Issues

Map email us for a response

Contact the Law Office of Henry B. LaTorraca

Prospective clients are invited to contact attorney LaTorraca at 562-216-2942 for an initial lawyer consultation to discuss their legal matter.

*AV Preeminent is a certification mark of Reed Elsevier Properties Inc., used in accordance with the Martindale-Hubbell certification procedures, standards and policies. Martindale-Hubbell is the facilitator of a peer review rating process. Ratings reflect the confidential opinions of members of the Bar and the judiciary. Martindale-Hubbell ratings fall into two categories - legal ability and general ethical standards.

Contact Us

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Follow Henry B. LaTorraca Via Social Media

400 Oceangate Suite 700 Long Beach, CA 90802-4306 Phone: 562-216-2942 Fax: 562-216-2943 Map & Directions

facebook google plus LinkedIn directions