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.