Cordes & Company

Ethnic grocery chain challenged by brothers' disputes

A successful chain of ethnic grocery stores was threatened by litigation among five partners, who were also brothers. Complicating the matter was a substantial tax lien asserted by the IRS against the partners, and a judgment lien held by one of the partners. The Orange County (California) Superior Court appointed Cordes & Company as receiver, to operate the store chain until the disputes could be resolved. Cordes strengthened lax internal controls and an informal management style. With Cordes’ assistance, the stores are operating professionally as the various parties dispute the priority of the liens.

Colorado
5299 DTC Boulevard
Suite 600
Greenwood Village, CO 80111
Telephone: 303.721.8755
Minnesota
2677 N. Innsbruck Drive
Suite A
New Brighton, MN 55112
Telephone: 612.455.6027
California
2030 Main Street
Suite 1600
Irvine, CA 92614
Telephone: 949.379.1202
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