Mr. Springer is a Shareholder and Director of the firm and is a member of the firm's Corporate, Litigation and Financial Services Groups. Mr. Springer's practice includes a wide range of corporate and financial institution services. Mr. Springer frequently serves as outside corporate counsel to emerging companies and financial institutions and has been retained on numerous occasions as a corporate and bank turnaround and management consultant. In addition to representing financial institutions, Mr. Springer represents companies involved with manufacturing, construction, e-commerce, healthcare, and high-tech companies as well as finance and investment management, accounting, investment banking, and venture capital firms.
Initially with the firm from 1994 through 1996, Mr. Springer served as Vice President and Associate General Counsel for the Federal Home Loan Bank of Pittsburgh until his return to the firm in 1998.
Areas of Law/Focus
Corporate Mergers and Acquisitions
Corporate Formation/Structure
Limited Liability Companies
General Corporate
Corporate Finance
Emerging Companies
Employment Issues
General Bank Counseling
Bank Mergers and Acquisitions
Regulatory Issues
Branch Acquisition/Divestiture
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 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.
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, Vice President and Executive Committee, Golf Committee (Chairman) and Board Development Committee Member, HEARTH (formerly North Hills Affordable Housing)
Board Member and President, Financial Industries Network
Member, Turnaround Management Association
Member, Association for Corporate Growth
Former Corporate Fundraising Member, American Heart Association
Corporate Fundraising Member, Juvenile Diabetes Research Foundation
Member, Shannopin Country Club
Bar Admissions
Commonwealth of Pennsylvania, 1989
U.S. District Court for the Western District of Pennsylvania, 1989. |