Anheuser-Busch Loses Appeal Of License Rescission

Law360, New York (September 11, 2009, 12:00 PM EDT) -- A Massachusetts appeals court has ruled in favor of the state's Alcoholic Beverages Control Commission against Anheuser-Busch Inc., saying the commission did not unlawfully rescind a license to sell hard alcohol that was previously held by an Anheuser-Busch subsidiary.

Judge Mitchell J. Sikora Jr. of the Massachusetts Appeals Court wrote Thursday that state law prohibited granting such a license to out-of-state alcoholic beverage manufacturers such as Missouri-based Anheuser-Busch, unless it had been grandfathered in prior to 1966.

The court found it was clear the legislative intent...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.