Eric E. Sagerman

Partner

Los Angeles
T +1.310.442.8875
F +1.310.820.8859

Overview

Eric Sagerman is the managing partner of BakerHostetler's Los Angeles office, and a member of the firm’s national Bankruptcy, Restructuring and Creditors’ Rights team. Eric is known for representing creditors' committees, debtors and other constituents in large, corporate chapter 11 bankruptcy proceedings, distressed capital raising, restructurings and workouts, and general company and creditor matters. He is active in complex national matters involving banking and financial services, telecommunications, fiduciary litigation, transportation, manufacturing and consumer products.

Eric has spoken on issues of interest in insolvency and restructuring law. He is the co-author of the treatise Creditors’ Rights in Bankruptcy (2nd Ed.), an editorial board member of the Bankruptcy Strategist and the author of numerous articles.

Select Experience

  • Represented Official Committee of Unsecured Creditors in matter concerning the meltdown of the telecommunications industry, which was featured on the news program 60 Minutes.
  • Represented Official Committee of Unsecured Creditors in matter concerning the subprime housing crisis in 2007 to 2008, which was featured on the news program Dateline NBC.
  • Represented chapter 11 trustee of government-subsidized company in litigation over anticompetitive conduct in the solar cell manufacturing market that drove the company out of business.
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Experience

  • Represented Official Committee of Unsecured Creditors in matter concerning the meltdown of the telecommunications industry, which was featured on the news program 60 Minutes.
  • Represented Official Committee of Unsecured Creditors in matter concerning the subprime housing crisis in 2007 to 2008, which was featured on the news program Dateline NBC.
  • Represented chapter 11 trustee of government-subsidized company in litigation over anticompetitive conduct in the solar cell manufacturing market that drove the company out of business.
  • Represented well-known Beverly Hills bank holding company in negotiation of chapter 11 plan of dissolution.
  • Represented the agent for lenders in a syndicated credit facility in the workout of $1 billion in financial accommodation to oil and gas exploration and production company in chapter 11 proceedings.

Recognitions and Memberships

Recognitions

  • Chambers Global: Bankruptcy/Restructuring in California (USA) (2017)
  • Chambers USA: Bankruptcy/Restructuring in California (2017 to 2019)
    • Band 2 (2017 to 2019)
  • The Best Lawyers in America© (2008 to Present)
    • California: Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law
  • Southern California Super Lawyer (2006 to 2019)
  • The Los Angeles Daily Journal, "Rainmaker"
  • San Francisco Daily Journal, "Rainmaker"

Memberships

  • American Bar Association
  • American Bankruptcy Institute
  • Los Angeles County Bar Association
  • The Financial Lawyers Conference
  • Los Angeles Bankruptcy Forum

Community

  • Learning Rights Law Center
    • Board of Directors (2017 to present)
    • Pro Bono Legal Counsel (2016 to present)
  • Los Angeles Regional Food Bank: Volunteer (2014 to present)

Pro Bono

  • Leadership and Pro Bono Award (2017)
  • Pro Bono Commitment to Service Award (2016)

Prior Positions

  • Am Law 30 law firm (1991 to 2018)
    • Executive Committee
    • Managing Partner, Los Angeles
    • Chair, National Restructuring Group
    • Compensation Committee

Admissions

  • U.S. District Court, Central District of California
  • U.S. District Court, Eastern District of California
  • U.S. District Court, Northern District of California
  • U.S. District Court, Southern District of California
  • California

Education

  • J.D., University of California, Los Angeles School of Law, 1991
  • B.A., University of California, Santa Barbara, 1988, summa cum laude
  • G.C., London School of Economics, 1987, List of Highly Commended Exam Performances