Ranked in 1 Practice Areas
1

Band 1

Bankruptcy/Restructuring

Maryland

9 Years Ranked

About

Provided by Joel I Sher

USA

Practice Areas

Joel I. Sher is Chairman of Shapiro Sher and heads the firm’s financial restructuring and bankruptcy practice. He provides counsel and representation to debtors, creditors, investors and creditors’ committees in Chapter 11 bankruptcy cases, and counsels clients in complex out-of-court restructurings. Mr. Sher has successfully represented clients in numerous high- stakes cases in federal and state courts throughout the United States.

His experience in representing clients in bankruptcy and restructuring matters has covered a wide array of industries including: mortgage REITS, financial services; health care; real estate development; construction management; specialty retail; governmental contracting; manufacturing; hospitality; and telecommunications. He has also represented numerous clients in the sale and acquisition of distressed assets. As a known and experienced negotiator, Mr. Sher is often retained to negotiate resolutions to complex commercial disputes.

Professional Memberships

Baltimore Chapter of the Bankruptcy Bar Association of Maryland; Maryland State Bar Association; Baltimore City Bar Association; Baltimore County Bar Association; Association for Commercial Finance Attorneys; American Bankruptcy Institute; Commercial Law League of America

Work Highlights

Counsel in a series of litigation matters brought against eight of the largest investment banks arising from the TMST, Inc. case concerning, among other things, the liquidation of mortgage-backed securities, resulting in over $115 million in settlement payments and the waiver of over $2.5 billion in claims against the TMST, Inc. estate;

Counsel to Creative Hairdresser’s Inc., a Chapter 11 case involving the 800 store Hair Cuttery chain;

Counsel to a beneficiary of the trust at issue in the Dauman v. Sumner Redstone litigation concerning the Redstone family holdings in CBS and Viacom;

Counsel to investors in the acquisition of distressed assets from the Toys R US bankruptcy cases.

Counsel to Novation Companies, Inc., f/k/a NovaStar Financial, Inc. in its successful Chapter 11 reorganization;

Counsel to Fieldstone Mortgage Company, a mortgage originator that emerged as an operating entity from its Chapter 11 bankruptcy case;

Counsel to Luminent Mortgage Capital, Inc., a mortgage investor in its successful Chapter 11 case;

Counsel to the Bankruptcy Trustee in the case of Merry-Go-Round Enterprises, Inc., a 1400-store national retail chain;

Counsel to the Bankruptcy Trustee in the case of Just For Feet, Inc., a 300-store national retail chain;

Counsel to Pharmakinetics, a generic drug testing company in its successful Chapter 11 reorganization;

Counsel to Combined Properties, a Washington, D.C. real estate firm with a diversified portfolio of shopping centers, in its successful Chapter 11 bankruptcy reorganization;

Counsel to the Bond Holders Committee in the case of National Energy & Gas Transmission, a merchant energy producer and subsidiary of PG&E;

Counsel to the Creditors Committee in Sunterra Corporation, one of the world's largest timeshare companies;

Counsel to the Creditors Committee in Frank's Nursery and Crafts, Inc., a retail nursery and garden store chain;

Counsel to the Creditors Committee in PhyAmerica Physicians Group, Inc., a national physician practice management company;

Counsel to the Creditors Committee in Railworks Corporation, a supplier to and servicer of the railroad industry; and

Counsel to a regional developer and home builder in its successful Chapter 11 reorganization.

Education

Villanova University School of Law

JD

1978

University of Maryland

BA

1974

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Shapiro Sher Guinot & Sandler

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Maryland

Bankruptcy/Restructuring

Joel I Sher
1
Joel I Sher
Head of Bankruptcy/Restructuring
1
Band 1
Richard M Goldberg
3
Richard M Goldberg
3
Band 3
Corporate/M&A

William Carlson
3
William Carlson
3
Band 3
Insurance

Alex J. Brown
2
Alex J. Brown
Head of Insurance
2
Band 2
Litigation: General Commercial

Paul Mark Sandler
S
Paul Mark Sandler
S
Senior Statespeople

USA - Nationwide

REITs: Maryland Counsel

William Carlson
2
William Carlson
2
Band 2

Key Sectors

Provided by Shapiro Sher Guinot & Sandler

Financial Services

Property, Construction and Infrastructure

Health and Life Sciences

Technology, Media and Telecoms (TMT)

Retail and Consumer