TBA Law Blog


Posted by: Julia Wilburn on Aug 26, 2025

Phillip Young, a partner in the Nashville-based Thompson Burton law firm, has been appointed receiver for Uncle Nearest Premium Whiskey amid a lawsuit alleging more than $100 million in loan defaults to Farm Credit Mid-America. According to the Nashville Post, U.S. District Judge Charles Atchley ordered the receivership, citing concerns about the company’s solvency and loan security, though Uncle Nearest’s operations will continue as usual. Company owners supported the appointment saying the move is intended to stabilize and strengthen the business. But they also blamed a former financial officer for fraudulent activity that contributed to the dispute.