Bankrupt Legal Service Trustee Demands Millions From CEO

Law360, New York (September 6, 2013, 8:20 PM EDT) -- The trustee overseeing the liquidation of court reporting and litigation services company Alexander Gallo Holdings LLC on Friday hit the former CEO with a lawsuit seeking several millions of dollars in allegedly fraudulent transfers and misspent funds.

Trustee Ronald J. Freidman accuses Alexander J. Gallo — who headed up the company, now referred to as AGH Liquidating LLC in bankruptcy court, from 2006 through the end of 2011 — and Chief Financial Officer Andrew Sims of ignoring their fiduciary duty to the company and using its...
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