WINE.COM FILES SUIT AGAINST BAKER CAPITAL

Former Wine.com chairman Chris Kitze and former CEO Peter Ekman and George Garrick are suing New York VC firm Baker Capital for offering an enticing buyout in order to cheaply profit off the troubled internet publication. According to a Dow Jones Newswire, Wine.com claims Baker Capital “forced the company to decline a purchase offer from Liberty Media Corp worth $67.5 million in mid-2005.” Baker Capital, however, says they thought the Liberty offer was “not real” and calls the lawsuit “utterly baseless.”