Legal Services Co. Gallo Gets OK For $103M Ch. 11 Sale

Law360, New York (November 8, 2011, 5:26 PM EST) -- A New York bankruptcy judge on Tuesday approved the $103 million sale of court reporting and litigation services outfit Alexander Gallo Holdings LLC to a unit of private equity firm HIG Capital LLC.

The sale was a main objective for the company in filing for bankruptcy protection Sept. 7, and its approval marks a key step in the case that will allow the debtor to file a Chapter 11 plan by the end of the week, Thomas R. Califano of DLA Piper, who represents the debtor,...
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