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.

7979 E. Tufts Avenue
Suite 820
Denver, CO 80237
Telephone: 303.721.8755
2677 N. Innsbruck Drive
Suite A
New Brighton, MN 55112
Telephone: 612.455.0985
2030 Main Street
Suite 1300
Irvine, CA 92614
Telephone: 949.379.1202