Eric M. Sherman

Associate

Eric Sherman
  • JD, cum laude, Boston College Law School, 2020; Executive Articles Editor, Boston College Law Review
  • BA, magna cum laude, Franklin & Marshall College, 2017; Phi Beta Kappa

Qualifications

  • New York, 2021

Court Admissions

  • U.S. District Court for the District of Colorado
  • U.S. District Court for the Eastern District of New York
  • U.S. District Court for the Southern District of New York

Eric M. Sherman

Associate

Eric Sherman is an associate in the business restructuring group in New York. His practice focuses on all aspects of corporate restructurings and he advises debtors, ad hoc groups, and committees in both chapter 11 cases and out-of-court restructurings. Eric’s experience spans a broad range of industries, including retail, technology, oil & gas, and industrials.

Eric also maintains an active pro bono practice, including representing a meditation and contemplative arts retreat center in its subchapter V bankruptcy case.

Experience

  • Representing FB Debt Financing Guarantor, LLC and certain of its subsidiaries (“Forma Brands”), a builder of top beauty brands including Morphe®, Morphe 2®, Jaclyn Cosmetics®, and Born Dreamer®, in their Chapter 11 cases to address approximately $870 million of funded indebtedness, facilitate a going-concern 363 sale transaction for substantially all assets, and resolve numerous complex licensing and potential litigation issues. 
  • Representing an ad hoc group of first lien lenders of K&N Engineering, Inc., a leading consumer-branded designer, manufacturer and marketer of high performance automotive and power sports aftermarket parts, in a $60 million new money financing in connection with its out of court restructuring of approximately $415 million of funded indebtedness.
  • Represented Output Services Group, Inc. and certain of its affiliates in connection with its prepackaged Chapter 11 cases. Output Services Group is a leading provider of integrated customer communications and engagement services. The company’s plan of reorganization successfully restructured approximately $825 million of funded indebtedness through a consensual deleveraging of approximately $134 million and new money capital infusion of approximately $70 million. 
  • Represented Vewd Software AS and certain affiliates in connection with their prepackaged Chapter 11 cases in the U.S. Bankruptcy Court for the Southern District of New York. Vewd is a market leader in enabling the transition from cable, broadcast, and satellite television platforms to over-the-top video streaming services. Vewd’s Chapter 11 plan of reorganization was supported by 100% of its secured lenders and resulted in the exchange of over $100 million of secured debt claims for 100% of the equity of reorganized Vewd Software AS and the payment in full of all unsecured creditors. Under the plan of reorganization certain of Vewd’s existing secured lenders also agreed to provide $25 million of exit financing and up to $20 million pursuant to a preferred stock issuance to provide substantial liquidity support for the reorganized company.
  • Represented an ad hoc group of bondholders of Exela Technologies, Inc. with respect to, among other things, an out of court exchange involving approximately $1.0 billion of first lien bond debt.
  • Representing 24 Hour Fitness Worldwide Inc. and its debtor-affiliates in their pending chapter 11 cases involving approximately $1.4 billion of funded debt. 24 Hour Fitness is a leading fitness club operator with locations across the United States and more than 3 million members.
  • Representing the Official Committee of Unsecured Creditors in Bouchard Transportation Co., Inc.’s chapter 11 cases.

Publications

  • Co-author, “Enforcing third-party releases through chapter 15 in the US,” International Insolvency & Restructuring Report 2021/22 (2021)
  • Eric M. Sherman, Chasing Perfection: Collateral Indications and Ambiguous Debtor Names on Financing Statements Under Article 9, 61 B.C.L. Rev. 2229 (2020)
  • JD, cum laude, Boston College Law School, 2020; Executive Articles Editor, Boston College Law Review
  • BA, magna cum laude, Franklin & Marshall College, 2017; Phi Beta Kappa

Qualifications

  • New York, 2021

Court Admissions

  • U.S. District Court for the District of Colorado
  • U.S. District Court for the Eastern District of New York
  • U.S. District Court for the Southern District of New York
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