Allison Citron

Senior Litigation Finance and Distressed Claims Trading Attorney

Allison Citron is a Senior Litigation Finance & Distressed Claims Trading Attorney in Orrick’s Restructuring group.

Allison Citron is a Senior Litigation Finance & Distressed Claims Trading Attorney in Orrick’s Restructuring group. She advises international and domestic investment bank and hedge fund clients, broker-dealers, large financial institution creditors and secured lenders with respect to the buying and selling of domestic and international trade claims, bank debt, syndicated loans, post-restructuring equity, securities, notes and many other distressed assets. She serves both buy-side and sell-side clients as counsel in complex distressed investing transactions including in the arena of litigation financing. Additionally, she focuses on the primary and secondary documentation and negotiation arena under the Loan Syndications and Trading Association (LSTA) and the Loan Market Association (LMA) as well as multiple global jurisdictions. She also works under the International Swap Dealers Association (ISDA) regime and is an active participant in the loan trading market.

Allison has extensive experience in drafting, negotiating and reviewing transfer and commercial loan documentation relating to both par and distressed debt obligations, as well in cross border transactions, debtor-in-possession financings, restructurings and acquisition financings. Allison has advised multiple clients in connection with transactions relating to both distressed and par borrowers in a variety of industries including TXU, Lyondell, Lehman Brothers, MF Global, Peabody and Caesars Entertainment, among many others. She also frequently advises on claims transactions in connection with Madoff, both on a direct level as well as the multiple feeder funds. 

Allison is an active participant in The Loan Syndications and Trading Association and frequently weighs in on several existing and current issues. She has presented on several panels in connection with the new distressed debt regimes and global transferability issues as well as recently moderated a panel on the litigation finance market. She is also an inaugural member of the LSTA’s new Women’s Association.