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Andrew M. Troop, Partner

Andrew M. Troop

Partner
New York

Partner, New York

T: +1.212.858.1660
T: +1.212.858.1660

Areas of Focus

Andrew is smart, efficient and diplomatic. He does an impressive job of balancing needs and expectations … in a highly dynamic and complex bankruptcy environment.
—Chambers USA

Andrew Troop, Pillsbury’s Insolvency & Restructuring Practice Group Leader, advises a global clientele on business reorganizations, debtors’ and creditors’ rights and crisis response, representing them in high-profile cases and related litigation.

Andrew represents debtors, creditors, acquirers, landlords, and creditors’ and equity committees from diverse industries both in and out of court. He has helped private equity clients acquire, sell and reorganize U.S. and international portfolio companies and defend fraudulent transfer and breach of duty claims. He also represents nonprofits in debtors’ and creditors’ rights matters, and has distinguished himself representing States in complex restructurings where State priorities and the U.S. Bankruptcy Code intersect.

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Andrew also has an active pro bono practice. He has served on the Board of Directors for the Greater Boston Legal Services for over a decade, and was honored by the Massachusetts Bar Association with its 2017 Pro Bono Publico award, which is presented to individuals who have been instrumental in developing, implementing and supporting pro bono programs.

Representative Experience

  • Representing the Ad Hoc Group of Non-Consenting States, which consists of 24 states and the District of Columbia, in the chapter 11 bankruptcy of Purdue Pharma and affiliates, a large, complex and first-of-its-kind mass tort opioid case (In re: Purdue Pharma L.P.).
  • Representing the multi-state Executive Committee for Endo Pharmaceuticals in resolving the consideration to be received by 51 States and Territories from the purchaser of Endo’s opioid business in Endo’s chapter 11 case (In re Endo Pharmaceuticals).
  • Representing the Attorney General for the State of New York in connection with the chapter 11 case of INSYS Therapeutics, the manufacturer of Subsys, a Fentanyl-based spray.

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  • Represented multiple creditors in connection with the chapter 11 bankruptcy of Zetta Jet.
  • Represented the majority shareholders of Gibson Brands in its chapter 11 bankruptcy. The matter was recognized as the 2019 Mid-Size Company Transaction of the Year by the Turnaround Management Association (In re: Gibson Brands, Inc.).
  • Advised Millennium Custodial Trust, created as part of the LyondellBasell chapter 11 plan. Counter to projections, the trust distributed approximately $123 million more in value to its beneficial holders than had been predicted at confirmation (In re: Lyondell Chemical Company, et al).
  • Advised Virginia Conservation Legacy Fund in its acquisition of Patriot Coal assets, a novel transaction that won a 2015 Distressed M&A Deal of the Year (over $100 million to $1 billion) award from M&A Advisor and the 2016 Financial Times North America award for Innovation in Unlocking and Delivering Value.
  • Represented IHI, JGC and JMU in negotiating their exit from EAS, a company in Brazil, including advising on complications resulting from an ongoing corruption investigation and a depressed Brazilian economy.
  • Pro Bono
    • Represented 15 Chinese immigrants who had been deprived of their wages by their employer, successfully squashing the employer’s attempt to discharge her financial obligations through bankruptcy. Working in collaboration with Greater Boston Legal Services, the lawsuit resulted in three separate decisions by the Massachusetts Bankruptcy Court, all in favor of our clients. 
    • Advised a group of more than 20 subsidized housing tenants threatened with eviction by their bankrupt landlord. Working with a coalition of law firms, city agencies and tenant advocacy groups, secured a precedent-setting win for these low-income tenants that permitted nonprofit Codman Square Neighborhood Development Corporation to purchase two properties from the landlord’s bankruptcy estate, thereby preserving 59 affordable housing units for 50 years. 
    • Represent various advocacy groups in a voting rights dispute in Boston involving whether the City needed to provide transliterated ballots.

Professional Highlights

  • Recognized by Chambers USA in Bankruptcy/Restructuring; Best Lawyers (published by BL Rankings LLC), Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law (2006 – 2025); Litigation – Bankruptcy (2011 – 2025); among Nightingale Health Care News' "Top 10 Health Care Transaction Lawyers of the Year."
  • Co-chairs the American Bar Association Business Bankruptcy Committee’s Government Powers Subcommittee.
  • Coordinating Editor for the American Bankruptcy Institute Journal's "Toxins-Are-Us" column.

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  • Honors & Awards
  • Speaking Engagements
    • “Third Party Releases in Bankruptcy,” ABI Caribbean Symposium, January 24, 2024
    • “Adding Value at the Front End: Applying Tempnology to Pre-Bankruptcy Contractual Planning,” ABI Northeast Bankruptcy Conference, July 15, 2022
    • “A Charitable Exploration of Bankruptcy Issues Affecting Nonprofits,” ABA Business Law Section Hybrid Spring Meeting, April 1, 2022
    • “Mass Tort Update,” American Bankruptcy Institute’s Caribbean Insolvency Symposium, Key Largo, Florida, February 8, 2022
    • “The Resolution of Tort Liabilities Through Bankruptcy,” 20th Annual Advanced Restructuring & Plan of Reorganization Conference, the Association of Insolvency & Restructuring Advisors, November 15, 2021
    • “Confronting and Managing Difficult Situations: Leadership in the Time of Crisis,” ABA Business Law Virtual Spring Meeting, April 21, 2021
    • “Real Assets Roundup – Projects/Energy,” Pillsbury webinar, April 15, 2020
    • “Two Hot Bankruptcy Issues: (1) Puerto Rico: Light and Investment Opportunity at the End of the Tunnel? and (2) Coercive Exchange Offers,” Pillsbury Winthrop Shaw Pittman Annual CLE Marathon, New York City, May 21, 2019
    • “Client Satisfaction in the Bankruptcy Context: The Practitioners’ Perspective” and “Lessons Learned from Successful and Unsuccessful Bankruptcy Cases: A Practitioners’ Perspective,” Singapore, March 31 – April 4, 2019
    • “Cannabis in Canada and the U.S.: From Banking to Bankruptcy,” Vancouver, March 28, 2019
    • “The Future of Gas Gathering, Purchase and Pipeline Transportation Agreements in Texas – A Bankruptcy Debate,” Pillsbury Winthrop Shaw Pittman Annual CLE Marathon, Houston, October 18, 2016
    • “Addressing Bankruptcy in the Drafting Process,” Pillsbury Winthrop Shaw Pittman Annual CLE Annual Marathon, McLean, Virginia, September 27, 2016
    • "State of the Restructuring Industry," M&A Advisor's 2016 Distressed Investing Summit, Palm Beach, Florida, January 28, 2016
    • “Pro Bono Service on a Board of a Not-for-Profit in Crisis: Fulfilling Your Not-For-Profit’s Mission During Financial Distress,” American Bar Association Business Law Section Annual Meeting, Chicago, September 17, 2015
    • “Keeping Secrets in Bankruptcy: Protecting Your Information When a Counterparty Files,” Pillsbury Winthrop Shaw Pittman Annual CLE Marathon, New York City, February 12, 2015
    • “The Mechanics of Prepacks: What Happens Pre-Petition, and How to Make It Stick Post-Petition,” American Bankruptcy Institute’s 21st Annual Northeast Bankruptcy Conference, Stowe, Vermont, July 18, 2014
    • “Healthcare and Nonprofits in Bankruptcy,” American Bar Association Business Law Section Spring Meeting, Las Vegas March 23, 2012
    • “Managing Legal Relationships,” American Bar Association New Partner and In-House Counsel Conference, Philadelphia, March 3, 2012
    • “Involuntary Petitions: Aggressive Collection Efforts are Good (Faith) Until They Turn Bad (Faith),” Pillsbury Winthrop Shaw Pittman Annual CLE Marathon, New York City, March 1, 2012

Education

  • J.D., Northwestern University Pritzker School of Law
    cum laude

    B.A., Amherst College
    cum laude

Admissions

  • New York

    Massachusetts

Andrew's Insights

Alert 09.09.22

Post-Petition Payment for Pre-Petition Delivery of Goods under Section 503(b)(9) Does Not Reduce Creditor’s Subsequent New Value Defense to Preference Lawsuit

An Eleventh Circuit Court of Appeals’ decision permits a creditor both to be paid in full under Bankruptcy Code section 503(b)(9) for goods delivered within 20 days before commencement of a bankruptcy case, and to use the delivery of those goods on credit as “subsequent new value” in defense to a trustee’s preference lawsuit.

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