Alexander Gallo Holdings Files for Chapter 11 Bankruptcy
On September 7, 2011, Alexander Gallo Holdings LLC (AGH), parent company to Esquire Solutions, filed for Chapter 11 restructuring in the U.S. Bankruptcy Court for the Southern District of New York. The stated reason for the filing was to facilitate the proposed sale of substantially all of its assets in order “to eliminate debt, strengthen liquidity, and to allow the Company to continue providing critical litigation support.” At the time of the filing, the Company stated that “Esquire Solutions will continue to focus resources on serving clients and investing technology.”
Since commencing the Chapter 11 case, AGH obtained Court authority to make payments to “certain affiliate court reporters” for work performed prior to the September 7 filing. According to information posted by the company, payments for pre-petition amounts are scheduled to be made over the next three weeks. Affiliate court reporters, as well as employees and staff court reporters, are already being paid for work performed on or after September 7 according to the website announcement.