DSI was retained as the financial advisor to the Trustee of equity interests in insurance brokerage operations (Near North National Group) and other assets which were forfeited to the United States Government as part of a preliminary forfeiture order that was entered by the United States District Court.
DSI was then separately employed by Department of Justice to assist and analyze the operations and financial reporting of the Company and to assist in administration and disposition of forfeited assets.
- Forfeiture proceedings brought by the U.S. Department of Justice
- DSI employed by Trustee and Department of Justice
The primary assets of the Estate consist of previously negotiated earn-out settlements for the sales of the insurance operations and several operating entities.
DSI assisted in the negotiated sales of three operating entities, a title company and two technology based divisions of the Near North operations. All of these sales were conducted in Federal Court and subject to competitive bidding.