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Court awards New Hampshire distributor $10 million after contract is cancelled.

According to a Wall Street Journal report, Adolph Coors Co. will take a $7-million charge against its second-quarter earnings after a New Hampshire federal court upheld a $10.1-million judgment against the Colorado-based brewer.

The court rejected Coors' recent appeal of a 1991 case that awarded damages to Globe Distributors. In that case, Coors Brewing Co. terminated its contract with the distributor.

A Coors spokesperson reported that the company is in the process of reviewing its options, including the prospect of further appeal. "We remain convinced that our dealings with Globe Distributors were conducted with integrity and fairness," the Coors spokesperson said.

Executives of the now-defunct distributor could not be reached for comment.
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Title Annotation:Globe Distributions
Publication:Modern Brewery Age
Date:Jun 15, 1992
Words:113
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