DSI'S Role

State Receiver

Services Provided

  • Collateral Monitoring
  • Crisis & Interim Management


Case Highlights

  • Appointed to wind down the affairs of successful but dissolved real estate-related law firm due to partner dispute
  • Successfully negotiated and mediated settlement resolving disputed matters between the former partners

Case Narrative

DSI was appointed Receiver of the dissolved law firm Fieldstone Lester Shear & Denberg, LLP based upon a dispute amongst the partners.  As Receiver, DSI was charged with responsibility of winding up and liquidating the law firm, preserving the assets, including the disputed work-in-progress.  Additionally, the Receiver oversaw all subtenants, existing real estate and equipment leases, pending and potential litigation, and the sale and disbursement of the remaining assets of the law firm.

DSI mediated a full and complete resolution of the litigation and business disputes amongst the former partners resulting in a business settlement agreement and litigation settlement agreement.