Cordes & Company

20,000 Acre Development needs liquidation and litigation resolution

The partners in a 20,000-acre master-planned lakefront development in New Mexico were mired in litigation – engaged in ten active lawsuits. The minority partner alleged that the managing partner was acting with self-interest and using the assets of the company to finance litigation against the minority partner. The Arapahoe County District Court appointed Cordes & Company as receiver over the development companies. Cordes took possession and is resolving litigation, preserving and improving the development’s value, and readying it for sale. This process involves maintenance of the property, cleaning of the title and resolving of various federal, state and local issues. Cordes continues to work with all parties on reaching an equitable settlement.

California
2030 Main Street
Suite 1600
Irvine, CA 92614
Telephone: 949.379.1202
Colorado
5299 DTC Boulevard
Suite 815
Greenwood Village, CO 80111
Telephone: 303.721.8755
Minnesota
220 South 6th Street
Suite 2125
Minneapolis, MN 55402
Telephone: 612.455.6027
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