Renegade Tobacco may face liquidation

(Winston-Salem Journal) The future of three Mocksville tobacco companies – with a combined 85 employees – has grown much darker after a U.S. District Court judge’s ruling that they owe at least $4.1 million in disputed federal excise taxes.
The ruling by Judge Thomas Schroeder, issued Tuesday, has the potential to force the liquidation of Renegade Holdings Inc., Renegade Tobacco Co. and Alternative Brands Inc. by creditors, perhaps as soon as early 2013. Continued