Mr. Stephen I. Burr This is Me

Education

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1. 1. Foley & Lardner LLP - Our People - Stephen I. Burr

   www.foley.com/people/bio.aspx? - [Cached]

   Published on: 7/11/2008   Last Visited: 7/11/2008

   Stephen I. Burr
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   Steve Burr on TIC Workouts in Wall Street Journal
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   Stephen I. Burr Partner
   
   Stephen I. Burr is a partner with Foley & Lardner.He is a member of the firm's Real Estate Practice and the Sports Industry Team.
   
   Mr. Burr's practice focuses on complex real estate transactions and capital structures on all types of real estate, including office buildings, multifamily residential (condominium, apartments and senior living), industrial/warehouse, retail and convention centers and sports arenas.He has led development projects, financings, equity and debt offerings, restructurings, sale-leasebacks and traditional leasing transactions on a national basis in each of these industries.Mr. Burr has particular expertise in transit-oriented development projects, including mixed-use and large residential developments around transit stations.
   
   Mr. Burr has extensive experience and is known throughout the nation for his work in the acquisition or disposition of real estate and oil and gas royalty interests through tenant-in-common (TIC) offerings and regularly represents sponsor/issuers and underwriters in that industry, including offerings using Delaware Statutory Trust model.His experience also includes performing third-party due diligence in real estate and oil and gas royalty acquisitions, financing and securities offerings as well as forming an angel investor structure for investors and sponsor clients in the real estate and broadcast industries.Mr. Burr is a nationally known counsel in broadcasting (radio and television) mergers and acquisitions, assisting clients with all levels of debt and equity financing for such transactions.
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   Prior to joining Foley, Mr. Burr worked for Greenberg Traurig LLP in its corporate and real estate practice groups.
   
   Mr. Burr received his law degree from Boston College Law School (J.D., magna cum laude, 1976), where he was a member of the Order of the Coif.He received his undergraduate degree in 1969 from Lawrence University, with distinction, in history.
   
   In 2005, 2006 and 2007, Mr. Burr was named a Massachusetts Super Lawyer, an honor received by only 5% of Massachusetts attorneys.He is also listed in the 2008 edition of The Best Lawyers in America®.
   
   Mr. Burr is admitted to practice in Massachusetts.
   
   Mr. Burr's business and community involvement has included service as chairman for Gloucester Conservation Commission and executive vice president and director for Yankee Bank for Finance and Savings, F.S.B. (1985-1986).

2. 2. nreionline.com

   nreionline.com/finance/investo - [Cached]

   Published on: 1/7/2008   Last Visited: 4/10/2008

   The SEC will now review comments and likely issue a final rule by summer 2008, predicts Stephen Burr, an attorney with Foley & Lardner in Boston, who represents TIC sponsors."The publication of this notice is after a lot of interaction between the National Association of Realtors, the SEC staff, and the TIC industry," says Burr.
   
   As written, the rule would allow real estate brokers to introduce a property to investors and tour the property before bringing the securities broker-dealer into the picture.But Burr says that runs counter to securities laws, which say first an experienced broker-dealer is supposed to determine the suitability of the investor for an investment."That's where the controversy will be," predicts Burr.
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   Burr expects the SEC to allow commercial brokers to sell TIC interests.

3. 3. www.law.com

   www.law.com/jsp/article.jsp?id - [Cached]

   Published on: 7/3/2008   Last Visited: 7/3/2008

   The U.S. Court of Appeals for the D.C. Circuit reversed a lower court decision and found on June 27 that a reasonable jury could conclude that attorney Stephen I. Burr and other defendants misled the buyer, Media General, about a pending $6 million claim against his client, Park Communications.
   
   The court determined that a jury could find that Burr, a partner with Eckert Seamans Cherin & Mellot at the time, and two of Park Communication's executives made misleading omissions and misrepresentations under federal securities law.
   
   The decision in Media General v. Tomlin, No. 07-7137, overturned a district court's ruling that granted summary judgment to Burr and the other defendants.
   
   The decision stems from Media General's purchase of Park Communications for $710 million in 1996.At the time of the purchase, Media General did not know that one of Park's former vice presidents had threatened to sue Park for $6 million in a wrongful discharge action unless he received $139,000 in severance pay.
   
   According to the decision, the defendants repeatedly stated that they knew of no lawsuits pending or threatened against the company and that its potential liability to the former vice president was only $139,000.
   
   Following the deal's closing, Media General settled with the former employee and incurred what it claimed were $241,541 in settlement and attorney fees.
   
   Although the appeals court in the June 27 decision threw out the lower court's summary judgment ruling in favor of Burr and the other defendants, it rejected Media General's damages claim for $10 million above the cost of litigating the employee's lawsuit.
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   Burr is a partner in the Boston office of Foley & Lardner, where he is a member of its real estate practice and sports industry practices.He joined Foley & Lardner in 2005 after practicing as a partner at Greenberg Traurig.
   
   He previously served as chairman of the national corporate and real estate department at Eckert Seamans in Pittsburgh.
   
   He did not return phone calls seeking comment.
   
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