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Ira H. Goldman

Of Counsel

Ira Goldman is now retired and is "Of Counsel" to the firm. For many years, Ira represented employers, as well as institutional trustees and service providers, in designing and administering qualified and non-qualified pension, savings, retirement and welfare plans, as well as executive deferred compensation arrangements. He also represented creditors and debtors in workout and bankruptcy proceedings. He had particular experience in representing fiduciaries for public debt in Chapter 11 proceedings.

A frequent speaker, Ira often addressed professional groups on issues of employee benefits law and commercial and bankruptcy law. He also wrote A Poet’s Guide to Employee Benefits Law.

Credentials

Education

  • Cornell University, B.A., 1968
  • Yale Law School, J.D., 1972

Bar Admissions

  • Connecticut, 1972

Court Admissions

  • U.S. District Court, District of CT, 1973
  • U.S. Tax Court, 1973
  • U.S. Court of Appeals for the Second Circuit, 1973

Distinctions

  • AV Preeminent® Rated, Martindale-Hubbell
  • Listed as a Connecticut Super Lawyer®: Employee Benefits/ERISA (2006-2019)
  • Listed in The Best Lawyers in America®: Employee Benefits (ERISA) Law; Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law (1995-2020)
  • Named "Lawyer of the Year" (2011, 2015, 2019): Best Lawyers Hartford Region Employee Benefits (ERISA) Law
  • Connecticut Bar Foundation: Fellow

Teaching Positions

  • University of Connecticut Law School: Adjunct Professor, Employee Benefits Law (1987-2015)

Professional Affiliations

  • Connecticut Bar Association
  • Connecticut Bankruptcy Judge Merit Selection Panel (1994)

Experience

General

$203 Million Financing for University Health Ambulatory Care Center

Shipman & Goodwin represented a major university health center in a $203 million financing for the construction of a state-of-the-art ambulatory care center.  Our representation involved the negotiation of intricate loan documents and title insurance; complex title, surveying and land use issues; avoidance of environmental problems; corporate governance; navigation of liability issues; drafting of sophisticated bankruptcy opinions; and arrangement of the client’s qualification for exemption from taxes.

Pension and Employee Benefits Counsel for Fortune 100 Health Insurer

Serve as outside employee benefits counsel for over a decade to a Fortune 100 leading provider of health benefits. One notable project involved redesign of future pension benefits and restatement of the company’s defined benefit cash balance plan to reflect, among other design changes, a cash balance formula. Also regularly counsel the company with respect to its 401(k) plan, VEBAs, severance plan and required filings (Forms 990 and 5500).

Stable Value Fund Chapter 11 Case

We were retained by a client appointed to act as the independent fiduciary of the Trust Advisors Stable Value Plus Fund due to allegations of wrongful conduct regarding the Fund's assets, which total more than $260,000,000 in pension plan investments of approximately 1,500 pension plans, to represent it with regard to bankruptcy and employee benefits issues.  On September 30, 2005, the client filed a Chapter 11 case in the Connecticut Bankruptcy Court to preserve the assets of the Fund and ensure an orderly distribution of the Fund's assets to all investors. Following extensive negotiations with the Court-appointed Investor Committee and other parties-in-interest, the firm prepared and filed the Fund's Plan of Reorganization with the Court. After submitting the Plan to investors for approval, 99% of all voting investors voted in favor of the Plan. On July 28, 2006, the Plan was confirmed by the Connecticut Bankruptcy Court.  This case is one of only a handful of Chapter 11 cases filed in the Connecticut Bankruptcy Court to confirm a Plan of Reorganization in less than one year.
Ira Goldman Head Shot

Hartford

860.251.5820

igoldman@goodwin.com

Areas of Focus

  • Employee Benefits
  • Workout, Restructure and Bankruptcy
  • Corporate Trust
  • Finance
  • Litigation
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    Click to view "A Poet's Guide to Employee Benefits Law," a basic benefits guide authored by Ira Goldman.

    A poets guide to employment law cover

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