Sherrard, German & Kelly, P.C.

• Directory
• Jonathan P. Altman
• Walter R. Bashaw II
• Beverly A. Block
• Karen Y. Bonvalot
• Jeremy C. Brown
• Robert B. Brown, Jr.
• Paul David Burke
• Robert J. Courie
• Christopher J. Davis
• Suzanne L. DeWalt
• John P. Edgar
• Edward B. Gentilcore
• Robert D. German
• James R. Hankle
• Steven A. Harris
• John G. Harshman
• Peter Y. Herchenroether
• Matt A. Jarrell
• Richard C. Lane
• Stanley J. Lehman
• David J. Lowe
• Holly S. McCann
• Susan J. Messer
• Erin E. Milliken
• Gary Philip Nelson
• Samuel J. Pasquarelli
• W. Chad Pociernicki
• Edward G. Rice
• Mark O. Scioscia
• Eric C. Springer
• Ryan S. Smith
• Timothy R. Stock
• John M. Tedder
• Samuel J. Toney IV
• Joseph M. Wymard
• Kenneth J. Yarsky, II

Eric C. Springer

Mr. Springer is a Shareholder and Director of the firm and is a member of the firm’s Corporate, Litigation and Financial Services Groups. He is also Chairman of the firm’s Finance Committee. Mr. Springer’s practice includes a wide range of corporate and financial institution services. Mr. Springer frequently serves as outside corporate counsel to financial institutions and midsized companies and has been retained on numerous occasions as a corporate and bank turnaround and management consultant.  Mr. Springer represents many closely-held companies involved in a variety of industries including: manufacturing, construction, real estate, retail, supply and distribution, medical services, professional services, e-commerce, and works closely with accounting, investment banking, and venture capital firms.  As counsel for closely-held businesses, he frequently becomes involved in any strategic initiatives and planning as well as representing the principals in their personal or business succession planning needs.

Areas of Law/Focus

Corporate Services:

• Corporate Mergers and Acquisitions
• Corporate Formation / Structure
• Limited Liability Companies
• General Corporate
• Formation of Domestic Subsidiaries for Foreign Companies
• Corporate Finance
• Emerging Companies
• Employment Issues
• Corporate Aircraft Acquisition and Sales
• Real Estate Acquisition
• Distressed Property Acquisition and Finance
• Succession Planning
• Estate Planning
• Asset Protection

Financial Institution Services:

• General Bank Counseling
• Bank Mergers and Acquisitions
• Bank Capital Injection Transactions
• Regulatory Issues
• Examination Issues and Regulatory Orders
• Branch Acquisition / Divesture
• Bank Operational and Contract Issues
• Loan Portfolio Sales / Purchases
• Commercial Loan Workout and Restructure
• Consumer Foreclosure and Bankruptcy
• Bankruptcy
• Bank Fraud Issues
• Lending Issues
• Mortgage Broker Issues

Selected Engagements

• Represented regional construction company in acquisition and finance of several distressed real estate developments and related real estate issues.
• Represented principals of regional construction company in succession planning and sale of ownership to senior management.
• Represented international industrial company in structural and formation issues for creation of domestic subsidiary in United States.
• Represented individuals and entities in aircraft acquisition and sale transactions and counseled clients on entity structure, operational and tax issues for lease and other arrangements for corporate aircraft.
• Represented financial institution under regulatory order as to regulatory compliance, capital rise and erosion issues and director and officer obligations through resolution process with FDIC.
• Represented acquirer in litigation against seller in asset sale transaction for indemnification and breach of contract claims for misrepresentations and recovery of damages from escrow and holdback funds.
• Represents real estate developer in acquisition of distressed real estate developments.
• Represented financial institution in loan transaction with troubled financial institution for capital injection purposes secured by bank stock of parent company.
• Represented regional manufacturing company in acquisition of long-time competitor.  Pursuant to the terms of the asset purchase, the tangible and intangible assets of the seller were acquired including its equipment, accounts receivable, contracts and manufacturing plant located in North Carolina.
• Represented regional accounting firm in connection with its merger into a larger regional accounting firm.
• Represented regional nonprofit in connection with its acquisition of real estate for purposes of developing an affordable housing project.
• Represented principals of a manufacturing company in restructure and workout arrangements whereby principals obtained favorable forbearance terms in exchange for cooperation and orderly liquidation of company assets to maximize proceeds for creditors. In that matter, principals were incented to maximize proceeds through a percentage of gross sales proceeds, as well as a release of any personal guaranty obligations provided that certain sales thresholds were obtained.
• Represented regional construction company in negotiation and strategic sale of assets, as well as assets of affiliated construction services company to a company providing complementary construction services. Sale also involved restructure, spin-off and sale of related affiliate company.
• Represented financial institution in the negotiation, settlement, and recovery from parties involved with an altered item as well as the negotiation and settlement of related insurance claim in which institution obtained a waiver of subrogation rights under the policy and an agreement to permit the institution to control recovery efforts and share in proceeds to be recovered.
• Represented regional financial institution in connection with its sale to another regional financial institution, including securing the requisite regulatory approvals.
• Represents numerous regional financial institutions in connection with the administration of commercial and consumer foreclosure, credit recovery, and bankruptcy programs.
• Represented closely held company in connection with restructure of company and affiliated entities to enable next generation of family members in succession planning to assume management responsibilities, control, and ownership.
• Negotiated acquisition loan facilities and inter-creditor agreements for subordinate debt and equity investment in connection with the acquisition financing of manufacturing company.

• Represented a private investor in connection with the acquisition of the Buffalo Sabres NHL Hockey Club.

Education

• J.D., Duquesne University School of Law, 1989
• B.A., Political Science, Allegheny College, 1986
  Cum Laude

Professional & Community Activities

• Member, Allegheny County Bar Association
• Member, Pennsylvania Bar Association
• Member, American Bar Association
• Board Member of HEARTH [For more information regarding HEARTH, visit www.hearth.bp.org].
• Board Member and Former President, Financial Industries Network
• Member, Turnaround Management Association
• Member, Association for Corporate Growth
• Former Corporate Fundraising Member, Juvenile Diabetes Research Foundation
• Member, Shannopin Country Club
• Member, The Duquesne Club

Bar Admissions

• Commonwealth of Pennsylvania, 1989
• U.S. District Court for the Western District of Pennsylvania, 1989