Eric A. Schaffer

Partner

Education

  • University of Pittsburgh School of Law, 1979, J.D., Order of the Coif
  • University of Pittsburgh School of Engineering, Post-graduate studies in chemical engineering
  • University of Virginia, 1976, B.A., High Honors, Government and Foreign Affairs, Phi Beta Kappa

Professional Admissions / Qualifications

  • New York
  • Pennsylvania

Court Admissions

  • U.S. Supreme Court
  • State Court of Appeals - New York
  • State Supreme Court - Louisiana
  • State Supreme Court - Ohio
  • State Supreme Court - Pennsylvania
  • U.S. Court of Appeals - Second Circuit
  • U.S. Court of Appeals - Third Circuit
  • U.S. Court of Appeals - Fourth Circuit
  • U.S. Court of Appeals - Fifth Circuit
  • U.S. Court of Appeals - Sixth Circuit
  • U.S. Court of Appeals - Eighth Circuit
  • U.S. Court of Appeals - Tenth Circuit
  • U.S. Court of Appeals - Eleventh Circuit

Eric is a member of the Financial Industry Group, practicing in the area of Commercial Restructuring & Bankruptcy. He has represented secured and unsecured creditors in major bankruptcy cases and non-judicial restructurings involving manufacturing enterprises, hospitals, retailers, utilities, municipalities, airlines, real estate projects, and other businesses. In addition to representing the Creditors' Committees of USGen New England and LTV Steel, and representing PTC Alliance as debtor's counsel, Eric has had a significant role in restructuring obligations of the West Penn Allegheny Health System and Branson Airport; in the bankruptcy cases of Lehman Brothers, Jefferson County, VeraSun, Weirton Steel, Solutia, Property Development Group, Pittsburgh Hockey Associates, USAirways, Anker Coal, Campo Electronics, Revco D.S., Inc., East Cameron Gas, Forum Health, Anchorage Sportsplex, and McCrory Parent Company; in the procedure de sauvegarde of Global Automotive Logistics; in the receivership cases of St. Francis Health System, Devon Capital Management, The Harrisburg Authority, and Total Waste Ltd.; and in sovereign debt litigation with the Republic of Argentina. He also has appeared as an expert witness on corporate trust issues in the Regional Court in Warsaw, Poland.

He has negotiated plans of reorganization, postpetition credit facilities, and asset sales, and he has handled bankruptcy litigation involving lien priority disputes, avoidance action, pension benefits, and equitable subordination. In addition, Eric has substantial experience dealing with the treatment of trademarks and other intellectual property in such bankruptcy cases as Boston Market, Inc. and Agripac, Inc. Eric also has represented creditors in non-bankruptcy litigation involving secured transactions, foreclosures and receiverships, lender liability claims, and other commercial issues. 

Eric has been a featured panelist on the subject of corporate trust defaults at meetings of the American Bankers Association and the American Bar Association. He has lectured before bar associations and other groups on a wide range of topics, including cross-border insolvency proceedings, municipal insolvencies, receiverships, and Article 8 execution procedures. Eric's recent speaking engagements are included herein. In addition, Eric presents in-house programs to clients.

Employment History

  • 1979 - Reed Smith
    • Former Practice Group Leader of the Commercial Restructuring and Bankruptcy Group

Honors & Awards

  • Fellow, American College of Bankruptcy
  • Listed in The Best Lawyers in America in the area of Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law (since 2005)
  • Included in Chambers USA as one of America's leading bankruptcy/restructuring lawyers (since 2004)
  • Selected for inclusion in Pennsylvania Super Lawyers in the area of Bankruptcy and Creditor/Debtor Rights (since 2004)
  • Selected for inclusion in Super Lawyers, Corporate Counsel Edition, in the area of Bankruptcy & Creditor/Debtor Rights (since 2010)
  • Listed in Who's Who Legal USA in the area of Insolvency & Restructuring

Professional Affiliations

  • Allegheny County Bar Association
  • American Bankruptcy Institute
  • American Bar Association
  • Turnaround Management Association

Interests

Eric is actively involved with several civic and cultural organizations. He is an aging bicycle racer, who claims that he has ridden with the winners of 15 8 Tours de France.