Andrew Glenn

Practice Areas

Andrew is one of the nation’s leading restructuring lawyers and a veteran first-chair trial lawyer. He frequently combines those skills to the benefit of his clients, using litigation as leverage to maximize creditors’ recoveries in bankruptcy proceedings or other contexts. As a client described in Chambers & Partners research, Andrew is “someone who would run through a brick wall for his clients.” His creative approach to high-stakes disputes has created unexpected value, including in the bankruptcy of Hertz Global, where he orchestrated an unprecedented deal providing shareholders with a payout of $8 per share.

Andrew has been involved in several of the most notable restructurings in recent decades, including those of Puerto Rico and Hertz Global. Beyond his vast experience leading restructuring transactions, he frequently acts as lead counsel in bankruptcy litigation, commercial litigation, and litigation involving issues of corporate governance. He has particular experience representing parties victimized by fraudulent behavior.

At Glenn Agre Bergman & Fuentes, Andrew heads the Bankruptcy and Restructuring group, which advises clients on all matters related to distressed situations, insolvency, and bankruptcy. The group’s matters often involve competing secured and unsecured creditors, complex restructurings, and contested inter-creditor issues.

Before co-founding Glenn Agre, Andrew was a partner at Kasowitz Benson Torres and an associate at Debevoise & Plimpton.

Experience

Andrew has represented:

- The ad hoc committee of shareholders of Hertz Global, Inc., in its Chapter 11 cases. Glenn Agre structured a winning bid for a group of investors in collaboration with Knighthead Capital Management and Certares Management LLC that valued Hertz at $7 billion, offered it a path out of Chapter 11, and gave shareholders what was once thought impossible: $8 per share, marking a positive return on any stock bought after the company’s bankruptcy filing.

- The Official Committee of Equity Securities Holders of Garrett Motion Inc., a manufacturer of turbochargers, in its Chapter 11 cases. Glenn Agre, on behalf of the equity committee, objected to the debtors’ proposed Chapter 11 plan, which would have left minority shareholders with nearly worthless stock subordinated to billions in obligations to other shareholders. The equity committee’s efforts to guarantee equal treatment to all shareholders resulted in a mediation that led to the negotiation of a consensual Chapter 11 plan, giving minority shareholders significantly enhanced recoveries in the form of the right to receive convertible preferred stock or a cash payout.

- An ad hoc group of Term Loan Lenders in Joann Inc.’s Chapter 11 cases. Glenn Agre contested Joann’s bidding procedures and cash collateral motions under a highly expedited schedule. We also engineered the winning stalking horse bid, which resulted in a major recovery for the Term Loan Lenders.

- CareOne, LLC in the Partners Pharmacy Chapter 11 proceedings; secured approval of a ~$51 million stalking-horse credit bid, defeated challenges from the creditors’ committee, and guided a value-maximizing Section 363 sale.

- McKinsey & Company in a $1.5 billion opioid-related matter brought by Endo GUC Trust; secured dismissal of claims seeking $1.2 billion in indemnity for Endo’s opioid settlements, as well as claims for aiding and abetting fiduciary breaches and constructive fraudulent transfer.

- Invesco Senior Secured Management, Inc., a global asset manager, against an Ad Hoc Group, an appliance-parts maker, and its private equity sponsor in a six-day trial in the Southern District of Texas Bankruptcy Court in a liability management dispute involving breaches of the relevant credit agreements and rightful control of the appliance-parts maker.

- An ad hoc group of non-RSA secured lenders, in the Chapter 11 cases of Cineworld Group PLC.

- The Official Committee of Equity Securities Holders of Sorrento Therapeutics, Inc. in its Chapter 11 cases.

- An ad hoc committee of bondholders, in the Chapter 11 cases of Bed Bath & Beyond Inc.

- An ad hoc group of unsecured noteholders of Endo International plc and its affiliates in their Chapter 11 proceedings.

- A group of hedge funds led by Sculptor Special Master Fund, Ltd. and Apollo Capital Management X, LLC, in an action against former directors and officers of Avaya, Inc. for fraudulent misrepresentations and omissions in connection with a $350 million incremental term loan.

- Ambac Assurance Corporation, a financial guarantee insurance company, in connection with Puerto Rico’s restructuring proceeding under Title III.

- Former directors and officers of Silvergate Capital Corporation in a securities class action brought by shareholders alleging that the company concealed material risks tied to its cryptocurrency banking operations, including servicing FTX and Alameda Research.

Awards