Lawrence E. Oscar

Partner
leoscar@hahnlaw.com 216.274.2229

Summary

Lawrence E. Oscar, former CEO and managing partner of Hahn Loeser & Parks, serves as a key advisor to executive management at NYSE and Fortune 1000 companies. He provides counsel for a wide range of situations and issues, including overall strategy, dispute resolution, employee relations, mergers and acquisitions, political developments and pricing strategies, among others.

Ranked as one of the top Bankruptcy/Restructuring lawyers in Ohio, according to Chambers USA, Larry’s clients praise his “unique ability to see the most important aspects of a case or situation before others,” and appreciate that he “truly grasps the economic situation and places business issues at the fore.”

Larry’s significant knowledge and business acumen has made him a trusted counselor to businesses, secured and unsecured creditors, creditors’ committees, debtors and trustees in reorganization and insolvency matters; financial institutions, vendors and other creditor or debtor interests in connection with numerous workout, composition and extension arrangements; and acquirers of financially distressed businesses inside and outside of bankruptcy proceedings.

 

Professional

  • Chief Executive Officer and Managing Partner, Hahn Loeser & Parks LLP, January 2009 to 2017. Past Co-Chair, Creditors’ Rights, Reorganization and Bankruptcy Area. Board of Directors, June 1999 to present. Partner, 1989 to present. Associate, 1981-89.

 

Community

Larry serves as chair of the board of directors of the Cleveland Leadership Center. As an art enthusiast, he proudly serves as a member of the board of trustees and the executive committee of the Museum of Contemporary Art and is a member of the Dean’s Visiting Committee at the Case Western Reserve University School of Law.

 

Personal

  • Born in Chicago, Illinois on June 2, 1956. Married to Jeanne Shatten. Resides in Shaker Heights, Ohio with five children.

A Few Clients

  • Clevland-Cliffs Inc.
  • A&P Technology, Inc.
  • Durrel Corp.
  • T&W Forge Inc.
  • Transue & Williams Stamping Co. Inc.
  • Hugo Boss USA Inc.
  • Materion Inc.
  • Lincoln Electric

Representative Clients and Transactions

  • Cleveland-Cliffs Inc., USAA; The CIT Group
    • Workout and bankruptcy matters;
    • Represent these institutions in asset-based loan transactions;
    • Acquisitions of financially troubled businesses.

 

  • Monarch Steel Company
    • Represents all matters of bankruptcy;
    • Financing;
    • Disputes;
    • Customer and vendor issues.

 

  • A&P Technology, Inc. (high tech provider of braided textiles)
    • Represent 7th generation family business;
    • General corporate advice;
    • Intellectual property rights protection.

 

  • Ferragamo USA, Inc. (luxury goods manufacturer and distributor)
    • Store and distribution issues;
    • Real estate development issues.

 

  • Hugo Boss USA, Inc. (international manufacturer and vendor of high fashion apparel)
    • Supplier, customer, and employment disputes and litigation;
    • Trade name and trademark matters;
    • Real estate matters;
    • Labor and employment issues;
    • Distribution and antitrust issues;

 

  • General legal advice. Durrel Corp. (“mini-conglomerate” of metal processors: T&W Forge, Inc. (now sold), Transue & Williams Stamping Co., Inc., and MC Machine.)
    • Represent affiliated group of individual businesses serving heavy industry;
    • General corporate and control issues;
    • Labor and employment matters;
    • Customer relations matters;
    • Business acquisitions.

 

  • A&W Foods, Inc. (Ohio’s largest independent food distributor)
    • Original acquisitions of assets and business, January 1990;
    • Subsequent acquisitions of substantial new business line and new 300,000 sq. ft. office/distribution terminal facility;
    • Trademark and trade name matters;
    • Supplier, customer, employment and other litigation of all types;
    • Distribution agreements and antitrust issues;
    • Corporate planning;
    • Handled sale of business.

 

Chapter 11 Proceedings

  • In re AmTrust Financial Corporation (Creditors’ Committee)
  • In re Schwab Industries, Inc. (Debtor)
  • Metalworks Worldwide, Inc. (Judicial Dissolution)
  • LoPresti & Sons, Inc. (Assignment for the Benefit of Creditors)
  • In re WCI, Inc. (Chair of Creditors’ Committee & major vendor)
  • In re Rouge Steel Inc. (Largest vendor and secured creditor)
  • In re Weirton Steel Corporation (Creditors’ Co-Chair & major vendor)
  • In re Level Propane, Inc. (Largest Equipment Financer)
  • In re LTV Steel Company, Inc. (LTV II) (Chair of Creditors’ Committee)
  • In re Phar-Mor Stores, Inc. (Special Counsel Reorganized Debtor)
  • In re Barneys New York (Counsel to Committee Member with Respect to Claim Sale)
  • In re The LTV Corporation and LTV Steel Company, Inc. (LTV I) (Indenture Trustee)
  • In re Federated Stores, Inc. (Creditors’ Committee)
  • In re White Motor Corporation (Creditors’ Committee and Disposition Assets Trustee)
  • In re Simetco, Inc. (Debtor)
  • In re Sharon Steel Corporation (Major Unsecured Creditor)
  • In re Hauserman, Inc. (Chair of Creditors’ Committee)
  • In re Revco D.S., Inc. (Indenture Trustee)
  • In re Action Auto Rental, Inc. (Creditors’ Committee)
  • In re Enduro Stainless, Inc. (Creditors’ Committee and Trustee)
  • In re Chapter 11, Cardinal Industries, Inc. (Unsecured Creditor)
  • In re Howard Industries, Inc. (Debtor)
  • In re Unimet, Inc. (Debtor)
  • In re Primeline Industries, Inc. (Creditors’ Committee)
  • In re Oak Street Mortgage LLC (Represent Creditors’ Committee);
  • In re Austin Company (Represent major creditor);
  • In re Regional Diagnostics, Inc. (Counsel to Creditors’ Committee);
  • In re PHD, Inc. (Counsel to Creditors’ Committee)

Credentials

Education

New York University School of Law, J.D., 1981. Comprehensive paper, “Equitable Sub-ordination Under the Bankruptcy Reform Act of 1978.”

 

Wharton School of the University of Pennsylvania, B.S. (Economics), cum laude,

Honors & Activities: Finance Major; significant studies include financial analysis, capital budgeting, capital structure, working capital management, portfolio theory, financial and managerial accounting, and risk management; Four year varsity letter winner in football.

Community Involvement

Cleveland Leadership Center: Chair of the Board of Directors, 2015-present; Board of Trustees, 2009-present; Executive Committee

 

Museum of Contemporary Art: Board of Trustees, 2003-present; Executive Committee

 

Case Western Reserve University School of Law, 2013-present; Dean’s Visiting Committee

Awards & Distinctions

Chambers USA: America’s Leading Lawyers for Business, Bankruptcy, “Eminent Practitioner,” current edition

 

The Best Lawyers in America, Bankruptcy and Creditor-Debtor Rights Law, current edition

 

Ohio Super Lawyers, current edition

 

 AV® Preeminent™ Rated by Martindale-Hubbell

Bar Admissions

Admitted to Ohio Bar, 1981

 

Licensed to practice before the U.S. Supreme Court; U.S. Courts of Appeal for the Sixth and Seventh Circuits; U.S. District Court for the Northern District of Ohio

Memberships & Affiliations

Business Law Section, American Bar Association: Committees on Commercial Financial Services and Business Bankruptcy

 

Ohio State Bar Association: Banking, Commercial and Bankruptcy Law Committee

 

Cleveland Metropolitan Bar Association: Member

 

American Bankruptcy Institute: Member