Sidney Frank Importing Company, Inc. filed a lawsuit in Federal District Court for the Southern District of New York against Beam, Inc. and Cooley Distillery, PLC, a subsidiary of Beam, Inc. on March 3, 2013 The lawsuit alleges breach of contract arising out of Sidney Frank Importing Company’s long-term contract with Cooley Distillery for the supply of Michael Collins Irish Whiskey as well as “acts of unfair competition and tortious interference.” Sidney Frank Importing Company contends that it has sustained and will continue to sustain substantial economic damages. Sidney Frank Importing Company is asking for compensatory damages in an amount to be determined at trial by a jury but believed to exceed $100 million and for punitive damages.