Cordes & Company

Settlement in family feud over auto parts business

In a family feud over the operation of a long time business operated by one member of the family, Cordes & Company was appointed Special Accountant and examined the financial and operating records of the company. The resultant analysis and accounting revealed substantial undisclosed takeouts, and weaknesses in the business model of the sibling. The report as well as advice regarding a reasonable allocation of other family assets was a key driver in a settlement, avoiding costly and divisive liquidation, and probable sale of the family business.

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
© CORDES & COMPANY