By Ali McNally, LAW WEEK COLORADO
DENVER—Among the issues Allonhill general counsel John Andriola is focusing on are recently announced changes by the Securities and Exchange Commission compelling issuers to conduct reviews of loans and leases packaged into securities and disclose information about results.
The changes, effective next year, will allow those issuers to use third-party credit risk management firms like Allonhill. Andriola called it “a major change for our industry.”
“It means examining all of our practices, protocols and training to ensure we are not exposing ourselves to undue legal risk,” he said.
Andriola has been with the company since 2009, stemming from his time as in-house counsel with Allon’s first credit-risk management company Murrayhill. The company was sold in 2004. At Allonhill, Andriola is the company’s sole in-house counsel. He has a small support staff and he often bounces ideas with Allonhill president Diana Mead, who has a law degree from the University of Denver. He describes his expertise as “a mile wide and an inch deep.”
“In any given day I could be dealing with the nuances of securities laws, contracts, negotiations, employment law, intellectual property matters, regulatory compliance and real estate law,” he said. “I seek good counsel to help me manage those types of issues and broaden my knowledge with their expertise.”
Editor’s Note: This is a preview to an article in our 4th Quarter Big Deals issue. Look for it Feb. 14.
