Trustee Makes Grab For Alliance Bank Account Info

Law360, New York (April 14, 2009, 12:00 AM EDT) -- The trustee managing the liquidation of failed mortgage lender Alliance Bancorp has asked the federal judge overseeing the proceedings to force Morgan Stanley and the Union Bank of California to produce account records for the months leading up to Alliance's Chapter 7 filing.

In a motion filed Monday in the U.S. Bankruptcy Court for the District of Delaware, Tracy L. Klestadt, Alliance's permanent trustee, told Judge Christopher S. Sontchi that previous efforts to reach an agreement with both Morgan Stanley and Union Bank of California had...
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