UPDATED: Twin Liquors Reaches TABC Settlement

Twin Liquors has reached a settlement with the Texas Alcoholic Beverage Commission in a case that could have shuttered the liquor giant. Carolyn Beck, spokesperson for the TABC, confirmed the settlement, but did not offer further comment.

The case stems from an April 2013 joint FBI, IRS, and TABC raid of Twin Liquor's Austin headquarters. On the day of the raid, owners David and Margaret Jabour were served administrative notices for multiple offenses. The owners were also notified that the state had frozen all of the chain's pending permits.

On September 20, 2013, the state raised the stakes by announcing plans to cancel all Twin Liquor permits. But in March of this year, lawyers for the company responded with their own lawsuit against the TABC, administrator Sherry Cook, chief of field operations Robert Saenz, and assistant chief of audit and investigations Dexter Jones, calling TABC's actions "arbitrary and capricious."

The Chronicle has reached out to Twin Liquors and the TABC for comment, but thus far the parties are hanging fire. We will update this post when the terms of the settlement are confirmed.

UPDATE: David and Margaret Jabour have issued a statement regarding the settlement.

"The problems identified by TABC and that we at Twin Liquors have now settled arose under former management. Twin Liquors is now in good standing with TABC. We remain in the wholesale business in all markets although we have agreed to end wholesale operations in 10 of our 75 retail stores. All of our retail stores are open and enjoying business as usual. We look forward to opening new stores in the near future and are gratified this has come to an acceptable resolution."