DSI'S Role

Assignee for the Benefit of Creditors

Services Provided

  • Claims Analysis and Distribution
  • Sale of Assets
  • Wind Down Management


Case Highlights

  • Liquidation of Ford Motor Company/ Qualcomm joint venture when internal funding was terminated
  • Addressed employee claims for unpaid termination benefits
  • Sale of company owned intellectual property

Case Narrative

The management of the joint venture between Ford Motor Company and Qualcomm was closed approximately 90 days prior to product roll-out.  DSI served as the Assignee for the Benefit of Creditors  to liquidate the company out of court while addressing the sale of the developed technology.  During the liquidation, DSI had to deal with claims from other technology partners related to the ownership of developed proprietary systems, as well as unpaid termination benefits for employees.