LQR House Stock Falls on Lawsuit Disclosure

Dow Jones07-17

By Kelly Cloonan

Shares of LQR House declined after the company disclosed it faces a lawsuit alleging breach of fiduciary duties, violations of Nevada law, alter ego liability and civil conspiracy.

The stock fell 17% to $8.86 in after-hours trading on Wednesday. Shares have declined 77% so far this year through market close.

The spirits and beverage e-commerce platform and its board of directors have been named as defendants in the case, according to a filing with the Securities and Exchange Commission.

The complaint seeks a declaratory judgment, a temporary restraining order as well as a preliminary order freezing the assets of the company, Chief Executive Sean Dollinger's assets, and any of the other defendants from the board.

It also seeks injunctive relief to prevent the company from making any significant changes to its governance or capital structures.

The complaint was filed by Kingbird Ventures on July 11 in a district court in Clark County, Nevada.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

July 16, 2025 18:24 ET (22:24 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2552175904?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-07-17 06:24","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2552175904","market":"sh","top_or_hot":-1,"title":"LQR House Stock Falls on Lawsuit Disclosure","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By <a href=\"https://laohu8.com/S/KELYA\">Kelly</a> Cloonan \n</p>\n<pre>\n \n</pre>\n<p>\n  Shares of <a href=\"https://laohu8.com/S/YHC\">LQR House</a> declined after the company disclosed it faces a lawsuit alleging breach of fiduciary duties, violations of Nevada law, alter ego liability and civil conspiracy. \n</p>\n<p>\n  The stock fell 17% to $8.86 in after-hours trading on Wednesday. Shares have declined 77% so far this year through market close. \n</p>\n<p>\n  The spirits and beverage e-commerce platform and its board of directors have been named as defendants in the case, according to a filing with the Securities and Exchange Commission. \n</p>\n<p>\n  The complaint seeks a declaratory judgment, a temporary restraining order as well as a preliminary order freezing the assets of the company, Chief Executive Sean Dollinger's assets, and any of the other defendants from the board. \n</p>\n<p>\n  It also seeks injunctive relief to prevent the company from making any significant changes to its governance or capital structures. \n</p>\n<p>\n  The complaint was filed by Kingbird Ventures on July 11 in a district court in Clark <a href=\"https://laohu8.com/S/ICBK\">County</a>, Nevada. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to <a href=\"https://laohu8.com/S/KELYB\">Kelly</a> Cloonan at kelly.cloonan@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 16, 2025 18:24 ET (22:24 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>LQR House Stock Falls on Lawsuit Disclosure</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLQR House Stock Falls on Lawsuit Disclosure\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-07-17 06:24</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By <a href=\"https://laohu8.com/S/KELYA\">Kelly</a> Cloonan \n</p>\n<pre>\n \n</pre>\n<p>\n  Shares of <a href=\"https://laohu8.com/S/YHC\">LQR House</a> declined after the company disclosed it faces a lawsuit alleging breach of fiduciary duties, violations of Nevada law, alter ego liability and civil conspiracy. \n</p>\n<p>\n  The stock fell 17% to $8.86 in after-hours trading on Wednesday. Shares have declined 77% so far this year through market close. \n</p>\n<p>\n  The spirits and beverage e-commerce platform and its board of directors have been named as defendants in the case, according to a filing with the Securities and Exchange Commission. \n</p>\n<p>\n  The complaint seeks a declaratory judgment, a temporary restraining order as well as a preliminary order freezing the assets of the company, Chief Executive Sean Dollinger's assets, and any of the other defendants from the board. \n</p>\n<p>\n  It also seeks injunctive relief to prevent the company from making any significant changes to its governance or capital structures. \n</p>\n<p>\n  The complaint was filed by Kingbird Ventures on July 11 in a district court in Clark <a href=\"https://laohu8.com/S/ICBK\">County</a>, Nevada. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to <a href=\"https://laohu8.com/S/KELYB\">Kelly</a> Cloonan at kelly.cloonan@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 16, 2025 18:24 ET (22:24 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4009","symbol_name":"广告","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2552175904","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2552175904","pubTimestamp":1752704640,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of LQR House declined after the company disclosed it faces a lawsuit alleging breach of fiduciary duties, violations of Nevada law, alter ego liability and civil conspiracy.The stock fell 17% to $8.86 in after-hours trading on Wednesday. Shares have declined 77% so far this year through market close.The spirits and beverage e-commerce platform and its board of directors have been named as defendants in the case, according to a filing with the Securities and Exchange Commission.The complaint seeks a declaratory judgment, a temporary restraining order as well as a preliminary order freezing the assets of the company, Chief Executive Sean Dollinger's assets, and any of the other defendants from the board.It also seeks injunctive relief to prevent the company from making any significant changes to its governance or capital structures.The complaint was filed by Kingbird Ventures on July 11 in a district court in Clark County, Nevada.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4009":"广告","YHC":"LQR House Inc."},"translate_title":"LQR House股价因诉讼披露而下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"YHC":0.9},"content_text":"By Kelly Cloonan \n\n\n \n\n\n  Shares of LQR House declined after the company disclosed it faces a lawsuit alleging breach of fiduciary duties, violations of Nevada law, alter ego liability and civil conspiracy. \n\n\n  The stock fell 17% to $8.86 in after-hours trading on Wednesday. Shares have declined 77% so far this year through market close. \n\n\n  The spirits and beverage e-commerce platform and its board of directors have been named as defendants in the case, according to a filing with the Securities and Exchange Commission. \n\n\n  The complaint seeks a declaratory judgment, a temporary restraining order as well as a preliminary order freezing the assets of the company, Chief Executive Sean Dollinger's assets, and any of the other defendants from the board. \n\n\n  It also seeks injunctive relief to prevent the company from making any significant changes to its governance or capital structures. \n\n\n  The complaint was filed by Kingbird Ventures on July 11 in a district court in Clark County, Nevada. \n\n\n \n\n\n  Write to Kelly Cloonan at kelly.cloonan@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 16, 2025 18:24 ET (22:24 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.11","shortVersion":"4.35.11","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2552175904","isCrawlerRequest":true}