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Shapiro Sher expands Banking & Financial Services Group with new hire

Joseph A. Pulver, a 2008 magna cum laude graduate of the University of Baltimore Law School who also holds an M.B.A. from the University of Baltimore’s Merrick School of Business, joins the firm’s Banking & Financial Services Group as an associate.

Prior to joining the firm, Mr. Pulver practiced for four years with another Maryland firm, primarily providing legal services to financial institutions and capital finance companies.

Mr. Pulver will now serve as an associate in Shapiro Sher’s Banking and Financial Services Group, as well as its Bankruptcy and Financial Restructuring Group. His experience includes representing lenders in commercial loan workouts, restructurings, and loan originations, as well as advising clients in a variety of complex business disputes and bankruptcy cases.

Mr. Pulver earned his M.B.A. and J.D. from the University of Baltimore in a three-year-period. In that time, he served on the University of Baltimore Law Review and as a judicial intern in the Maryland Court of Appeals and the Circuit Court for Howard County. He earned his undergraduate degree from the University of Maryland, Robert H. Smith School of Business, in 2005.

In addition to practicing law at Shapiro Sher, Mr. Pulver also serves as Secretary of Hero Dogs, Inc., a Maryland non-profit that raises, trains, and places service dogs with injured or disabled U.S. military veterans.

Scott W. Foley and K. Lee Riley, co-chairs of Shapiro Sher’s Banking and Financial Services Group, said the hiring of Mr. Pulver is part of an overall expansion of the practice group, which last month began publishing a monthly newsletter, The Banking and Financial Services Report, for the lending community.

“Joe’s experience in the banking industry, combined with his strong business background, make him an ideal fit for our practice group and valuable to our clients,” said Mr. Foley. “We are pleased to have him aboard.”

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Banking & Financial Services Report, June 2012

Click here to read the Shapiro Sher Banking & Financial Services Report. The June 2012 issue contains articles on SBA lending and legislation pending in Congress that would modify the Credit Union Membership Access Act of 1998.

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William E. Carlson elected Chair of MSBA’s Section of Business Law

Shapiro Sher President and business department head, William E. Carlson, is elected Chair of the Maryland State Bar Association Section of Business Law for a one-year term ending in 2013.

Mr. Carlson served as vice chair of the MSBA Section of Business Law from 2011-2012, and he served as secretary from 2010-2011.

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MD Daily Record names Matthew Esworthy a 2012 “VIP”

The Maryland Daily Record names Shapiro Sher litigation-group partner Matthew A.S. Esworthy to its 2012 list of 40 Maryland VIPs, or “Very Important Professionals,” who have achieved success by age 40.

In naming its 2012 award winners, the Daily Record writes that recipients were selected because, in addition to excelling in their careers, they each are “contributing a new energy to Maryland through mentoring, leadership and giving back to the community.”

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“The quest for the next chief judge”

Shapiro Sher’s Larry Gibson is quoted in the Maryland Daily Record regarding who will replace the retiring chief judge of Maryland’s Court of Appeals.

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Banking & Financial Services Report, July 2012

Click here to read the Shapiro Sher Banking & Financial Services Report. The July 2012 issue contains articles on receiverships and the SBA Small Loan Advantage program.

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“JP Morgan, Citigroup Lose Bid to Move $2 Billion TMST Suit”

Bloomberg, Dow Jones, Law360 and other media report on a significant development in the Thornburg Mortgage bankruptcy case; Shapiro Sher partner Joel I. Sher serves as Chapter 11 Trustee for Thornburg, now known as TMST.

The development involves the U.S. District Court for the District of Maryland denying JP Morgan, Citigroup and other financial institutions’ attempt to withdraw the litigation from bankruptcy court.

In 2011, in five separate complaints filed in Maryland’s bankruptcy court, Sher sued, among others, Goldman Sachs, Barclays Capital; Bank of America; Countrywide Home Loans; Royal Bank of Canada and a group of banks made up of JP Morgan Chase, Citi Group, Credit Suisse, Royal Bank of Scotland, and UBS. The suit against the latter group of banks alone sought approximately $2.2 billion in damages arising from a series of alleged collusive and predatory actions that eventually forced Thornburg into bankruptcy.

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“E-Discovery in Criminal Cases”

The Criminal Justice Section of the American Bar Association has published The State of Criminal Justice 2012, a new book including chapters on cybercrime and on e-discovery; both chapters are co-authored by Shapiro Sher partner Matthew A.S. Esworthy, co-chair of the Section’s Cyber Crime Committee.

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Banking & Financial Services Report, August 2012

Click here to read the Shapiro Sher Banking & Financial Services Report. The August 2012 issue contains tips for lenders in single-asset real estate bankruptcy cases.