Allan L. Gropper
|Allan L. Gropper|
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|Current Court Information:|
|United States bankruptcy court, Southern District of New York|
|Undergraduate:||Yale College, 1965|
|Law School:||Harvard Law School, 1969|
Allan L. Gropper is a bankruptcy judge for the United States bankruptcy court, Southern District of New York. He was appointed on October 4, 2000.
Judge Gropper graduated from Yale College in 1965 and from 1965-1966 was a Fulbright Tutor in English at Christ Church College, Kanpur, India. He graduated from Harvard Law School in 1969.
In 1969 Gropper became an attorney in the Civil Appeals Unit of the New York City Legal Aid Society and three year later in 1972 he joined the law firm of White & Case, becoming a partner in 1978.
Gropper is adjunct professor of law at Fordham Law School and teaches a course in International Insolvency Law.
Work as an editor
- Co-editor of a two-volume text entitled International Insolvency published in 2000.
Parent company held liable for bankrupt spinoff's legal liabilities (2013)United States bankruptcy court, Southern District of New York (Tronox Inc et al v. Kerr McGee Corp et al, 09-10156 (ALG))
On December 12, 2013, Gropper ruled that Anadarko Petroleum Corp. may be liable for an amount between $5.15 billion and $14.17 billion in environmental cleanup liabilities caused by its bankrupt spinoff company. The Department of Justice believes the ruling is the largest ever of its kind. In the underlying case, Kerr-McGee Corp. spun off its chemicals business in 2005 as Tronox, transferring its environmental claims and liabilities with it at the same time. In 2006, Anadarko acquired Kerr-McGee's oil and gas division and assets, then worth between $16.4 and $18 billion. Beset by environmental debts, Tronox filed for bankruptcy in 2009, and sued Kerr-McKee separately, accusing the company of setting it up to fail under the fraudulent transfer theory of bankruptcy law. According to that theory, the value of transferred assets may be recovered if such transfer was made with the intent to harm creditors. Gropper ruled that Kerr-McKee's spinoff of Tronox was intended to hurt its creditors, specifically those with environmental liabilities, awarding Tronox the approximate value of Kerr-McGee's oil and gas assets acquired by Anadarko in the form of litigation damages. Many appeals are likely in the case.
- Allan L. Gropper Biography
- Wall Street Journal, "Judge Says Anadarko May Be Liable in Suit Related to Kerr-McGee Deal," December 12, 2013
- Businessweek, "Anadarko’s Kerr-McGee Held Liable by Judge Over Tronox Spinoff," December 13, 2013
- Reuters, "Analysis: Tronox, Anadarko fight over cleanup costs may be just getting started," December 15, 2013
- New York Times, "Bankruptcy Judge’s Opinion Raises Questions About Kerr-McGee Revamp," December 16, 2013