Tampa Bay Business Disputes: Misappropriation of Assets

April 08, 2023

causing damage to companyIn Tampa Bay, businesses are not immune to conflicts and disputes. These disagreements can often arise in the form of contract disputes, employment issues, or intellectual property disputes, among others.

However, one type of dispute that can have far-reaching consequences is the misappropriation of assets. Engaging the services of experienced business litigation attorneys in Tampa, FL, such as Robert Eckard & Associates, P.A., can be vital to protecting your business interests.

Misappropriation of Assets

Misappropriation of assets is the unauthorized use or theft of a company’s assets, including funds, property, and other resources. This type of dispute is not only financially damaging to the business but can also harm its reputation and stakeholder relationships. Misappropriation of assets can occur in various forms, such as:

  1. Skimming – Diverting funds before they are recorded in the company’s financial records.
  2. Larceny – Stealing cash or other assets after they have been recorded in the company’s financial records.
  3. Fraudulent disbursements – Issuing unauthorized payments to oneself or to third parties through schemes such as false invoicing or payroll manipulation.

Detecting asset misappropriation requires vigilance and thorough internal controls. Business owners and management should implement measures such as segregation of duties, regular internal audits, and external reviews to minimize the risk of such occurrences.

A Tampa Business Attorney Can Help

In the unfortunate event that your business encounters a misappropriation of assets dispute, enlisting the expertise of a Tampa business attorney is crucial. A skilled Tampa business lawyer, like those at Robert Eckard & Associates, P.A., can provide legal guidance in investigating the matter, preserving evidence, and pursuing appropriate remedies.

These remedies may include civil litigation to recover the misappropriated funds or property, obtaining injunctions to prevent further misappropriation, and working with law enforcement to pursue criminal charges against the wrongdoer. By engaging the services of a knowledgeable Tampa business attorney, you can protect your business interests and help ensure a favorable resolution to your dispute.

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What Our Clients Say

I was referred to Robert by Ruge Law Group when they were actually KRG Law Group. They handled a car accident I was involved in. This was a business debt collection levied against our company by an employee’s debt collector. He and his colleagues handled it flawlessly. He and his staff are beyond impressive and do everything they can to take the cases brought before them. I came back to them with a very big case. I don’t want to dox anyone in the office other than the name on the business. However, they handled it in the most professional, respectful, and caring way possible. J, you did an amazing job and due diligence! Robert, I wanted to personally thank you for representing us in the past and in the future. You and your paralegals are above Top Shelf. This firm is straight Louis XIII.

I hired Drew to assist with a business dispute that I encountered with a fellow member of the Florida Bar. Drew was very professional and was able to negotiate a positive settlement for me.

I hired Mr. Patterson (due to another attorney's referral) to handle what I viewed as a complex case. Because of Mr. Patterson's knowledge of the applicable laws and forethought of opposing counsel's strategy, I'm happy to say the outcome was "excellent." I generally do not post but Mr. Patterson absolutely deserves a well appreciated applause for his legal performance. That said, I also referred him to my sister which also had successful results. Thank you, Mr. Patterson.

As always, you (and BK) are rockstars! I couldn't be more grateful to have you both on my side. I appreciate all that you both do.

You are amazing! Thank you so much! I’ll give you a 5-star review, you’re the best!

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