Michael Rafkind, President of both Reporter's Ink and Five Star, suggests that the settlement is the "start of a new phase for the company [Five Star]". After several months of forensics and litigation support work jointly performed by CGA's Corporate Finance Team and General Compliance Team, a settlement was reached with the Attorneys appointed by the Sellers of Five Star. Both parties reached a mutually beneficial resolution to issues surrounding the assumption of certain liabilities related to the acquisition; this allowed both Buyer and Sellers to save time and money without further need for litigation. To ensure complete transparency, CGA - the firm that represented Reporter's Ink during the acquisition process - recreated the facts associated with the acquisition of Five Star, including a detail of the financial and organizational elements that were considered, as well as elements relevant to the negotiations prior to closing.
Change Group Americas' work spans across three core competencies - Corporate Finance and Strategy, Financial Accounting and Operations Management - with General Compliance and Litigation Support that scopes each area of competency.
For media inquiries, please contact Ivet Bandirma at i.bandirma@chgus.com or via telephone at 212-962-4487. Web: www.changegroupamericas.com
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