Andrew J. Lorin

Partner

Philadelphia

(215) 988-2494 phone
(215) 988-2757 fax

New York

(212) 248-3168 phone
(212) 248-3141 fax

Andrew J. Lorin has 20 years of experience in the fields of insurance, insolvency, securities and commercial litigation. He is a partner in the firm's Life Insurance and Annuities Practice Group, and leads the Insurance Insolvency Team and the Financial Guaranty Insurance Team. Andrew focuses on assisting clients in the financial services space, including insurance companies, banks, investors and creditors, in resolving their corporate, litigation, insolvency and regulatory issues.

Before joining Drinker Biddle, Andrew was General Counsel of the New York Liquidation Bureau, the 400-person private-public organization that manages all insolvent insurance companies in New York. The Bureau also operates New York's three security funds, which function like a Federal Deposit Insurance Corporation for policyholders of impaired insurers. Andrew led the Bureau's 45-person Legal Division, which handles substantial corporate, transactional, litigation, insurance and regulatory work, including resolving complex legal and compliance issues and structuring asset sales, insolvency plans, and workout and settlement agreements. He also directed and supervised hundreds of litigations and appeals, including significant accounting malpractice cases, several directors and officers liability cases, numerous reinsurance collection actions, as well as the landmark 2007 Court of Appeals case of Dinallo v. DiNapoli, unanimously holding that the Bureau is a private entity under the State Finance Law.

Prior to becoming General Counsel of the Bureau, Andrew served as Enforcement Section Chief of the New York State Attorney General’s Investment Protection Bureau. During his three years as Assistant Attorney General, Andrew conducted major investigations of insurance companies, banks, broker dealers, hedge funds, traders, sponsors, trustees and others regarding insurance and brokerage products, derivatives and complex securities, corporate fraud and real estate transactions. He prosecuted a number of high-profile civil actions, including those against Bernard Ebbers and Clark McLeod, the latter of which led to the 2006 landmark Martin Act decision, State v. McLeod, holding that a corporate executive’s IPO spinning constitutes securities fraud. His investigation of one of the largest global financial services companies for improprieties with its fee-based brokerage accounts led to a $24 million settlement and reformed brokerage practices.

Before joining the Attorney General’s office, Andrew was a partner in the New York office of Wolf Block LLP.  At Wolf Block, Andrew practiced as a commercial litigator and bankruptcy lawyer across numerous areas of law, in particular handling securities litigations, insurance cases, complex business disputes, real estate cases and intellectual property disputes. As a bankruptcy lawyer he represented debtors, creditors committees, trustees, secured and unsecured creditors, landlords and others in connection with debt restructurings, sales and purchases of distressed assets, and all aspects of bankruptcy proceedings under Chapters 7 and 11.

Andrew’s work prior to joining Drinker Biddle has been widely covered by business and legal publications, including Bloomberg News, Business Insurance, the New York Law Journal and the Wall Street Journal, as well as the New York Times.

Andrew graduated from Brown University in 1985 with bachelor of arts degrees in both English and biology. At Brown he was a member of Sigma Xi, the national science honors society, as well as editor of the political economic journal Spectrum. In 1989 he earned his J.D. from New York University School of Law, where he was a member of the Moot Court Board and won the American Jurisprudence Prize in International Litigation. Journalism has been a hobby of Andrew's since high school and in 2007 he fulfilled a dream by earning a Masters of Science degree from the Columbia University Graduate School of Journalism.

Reported Decisions

  • Lincoln Nat'l Life Ins. Co. v. Cowboy Athletics, 10-0173, D.E. #217 (N.D. Tex. March 3, 2012);
  • Midwest Media Grp. Inc. v. Benistar Emp'r SVC Trust Co., 2011 WL 4348134 (D. Conn. Sept. 16, 2011);
  • Dinallo v. Dunav Ins. Co., 672 F. Supp. 2d 368 (S.D.N.Y. 2009);
  • In re Rehabilitation of Interboro Mut. Indem. Ins. Co., 24 Misc.3d 1003, 879 N.Y.S.2d 902 (2009); 
  • In re Liquidation of Midland Ins. Co., 20 Misc. 3d 488 (N.Y. Sup. Ct. 2008);
  • Dinallo v. DiNapoli, 9 N.Y.3d 94, 877 N.E.2d 643, 846 N.Y.S.2d 593 (2007); 
  • State v. McLeod, 12 Misc.3d 1157(A), 819 N.Y.S.2d 213, 2006 WL 1374014, 2006 N.Y. Slip Op. 50942(U), N.Y.Sup., February 09, 2006 (NO. 403855/02); 
  • Arduini/Messina Partnership v. National Medical Financial Services Corp., 74 F.Supp.2d 352, Fed. Sec. L. Rep. 90,656, S.D.N.Y., September 29, 1999 (NO. 98 CIV. 7690 (DC)); 
  • Toy Biz, Inc. v. Centuri Corp., 990 F.Supp. 328, 1998-1 Trade Cases 72,050, S.D.N.Y., January 13, 1998 (NO. 97 CIV. 6455); 
  • Finance & Marketing Ass'n Intern., Inc. v. He-Ro Group, Inc., 975 F.Supp. 1429 (D. Kan. 1997); 
  • F.D.I.C. v. 7 Bros. Const. Corp., 237 A.D.2d 167, 654 N.Y.S.2d 761 (1st Dep't 1997);
  • Devlin v. 645 First Ave. Manhattan Co., 229 A.D.2d 343, 645 N.Y.S.2d 476, N.Y.A.D. 1 Dept., July 18, 1996 (NO. 57706, 57707); 
  • Pentland USA, Inc. v. Millfeld Trading Co., Inc., 841 F.Supp. 1383, Fed. Sec. L. Rep. 98,043 (S.D.N.Y. 1993); and 
  • McConnell v. Transatlantic Capital Corp., 1993 WL 337996 (S.D.N.Y. 1993).

Publications

10/31/2012
Insurance Journal
Why the ‘Insurance Consumer Protection and Solvency Act’ Seems Destined to Fail

Speaking Engagements

12/05/2012
Drinker Biddle Webinar
Whistleblowers: Recent Legislative, Regulatory and Litigation Activity
07/18/2012
ACLI Compliance & Legal Sections Annual Meeting
Whistleblowers: A Survey of Rules and Recent Activity
12/05/2011
Perrin Conferences
Anticipating Tomorrow: A Symposium on Emerging Legal Issues in Life Insurance
09/28/2011
CLE Seminar: Stranger Originated Life Insurance
The Secondary Market Academy
04/07/2011
Pennsylvania Bar Institute: 15th Annual Insurance Institute
Ethical Dilemmas for Insurance Counsel: Caught Among Regulators, Insurers, Insured and the Courts
04/05/2011
CLE Seminar: Stranger Originated Life Insurance
The Secondary Market Academy
03/28/2011
CLE Seminar: Stranger Originated Life Insurance
The Secondary Market Academy
  • Lincoln Nat'l Life Ins. Co. v. Cowboy Athletics, 10-0173, D.E. #217 (N.D. Tex. March 3, 2012);
  • Midwest Media Grp. Inc. v. Benistar Emp'r SVC Trust Co., 2011 WL 4348134 (D. Conn. Sept. 16, 2011);
  • Dinallo v. Dunav Ins. Co., 672 F. Supp. 2d 368 (S.D.N.Y. 2009);
  • In re Rehabilitation of Interboro Mut. Indem. Ins. Co., 24 Misc.3d 1003, 879 N.Y.S.2d 902 (2009); 
  • In re Liquidation of Midland Ins. Co., 20 Misc. 3d 488 (N.Y. Sup. Ct. 2008);
  • Dinallo v. DiNapoli, 9 N.Y.3d 94, 877 N.E.2d 643, 846 N.Y.S.2d 593 (2007); 
  • State v. McLeod, 12 Misc.3d 1157(A), 819 N.Y.S.2d 213, 2006 WL 1374014, 2006 N.Y. Slip Op. 50942(U), N.Y.Sup., February 09, 2006 (NO. 403855/02); 
  • Arduini/Messina Partnership v. National Medical Financial Services Corp., 74 F.Supp.2d 352, Fed. Sec. L. Rep. 90,656, S.D.N.Y., September 29, 1999 (NO. 98 CIV. 7690 (DC)); 
  • Toy Biz, Inc. v. Centuri Corp., 990 F.Supp. 328, 1998-1 Trade Cases 72,050, S.D.N.Y., January 13, 1998 (NO. 97 CIV. 6455); 
  • Finance & Marketing Ass'n Intern., Inc. v. He-Ro Group, Inc., 975 F.Supp. 1429 (D. Kan. 1997); 
  • F.D.I.C. v. 7 Bros. Const. Corp., 237 A.D.2d 167, 654 N.Y.S.2d 761 (1st Dep't 1997);
  • Devlin v. 645 First Ave. Manhattan Co., 229 A.D.2d 343, 645 N.Y.S.2d 476, N.Y.A.D. 1 Dept., July 18, 1996 (NO. 57706, 57707); 
  • Pentland USA, Inc. v. Millfeld Trading Co., Inc., 841 F.Supp. 1383, Fed. Sec. L. Rep. 98,043 (S.D.N.Y. 1993); and 
  • McConnell v. Transatlantic Capital Corp., 1993 WL 337996 (S.D.N.Y. 1993).