Attorney Thomas S. Schrack

Thomas S. Schrack - Shareholder, State College

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Professional/Civic Involvement:

Pennsylvania and Centre County Bar Associations

Pennsylvania Municipal Authorities Association

Pennsylvania Borough Solicitors Association

Board Member, Centre County United Way

Board Member and Vice Chairman, Bellefonte YMCA

Board Member and President, Leadership Centre County; Member, Class of 2010

Recent Speaking Engagements and Publications:

"ABCs of Leasing: Important Terms to Be Negotiated," Landlord-Tenant Law Essential Issues, Seminar, Sterling Education Services, Altoona, 2014 and 2015

"Landlord and Tenant Rights and Obligations," Landlord-Tenant Law Seminar, Sterling Education Services, Altoona, 2012 and 2013

"Basics of Oil and Gas Leasing," Fundamentals of Oil and Gas Law Seminar, Pennsylvania Bar Institute, Williamsport, 2012

"Ownership of and Access to Oil, Gas, and Mineral Rights, Pennsylvania Land Law Seminar," HalfMoon Seminars, Lecture, State College, 2011

"Responding to Freedom of Information Act Requests: A Walkthrough of the Federal Freedom of Information Act and the New Pennsylvania Right-To-Know Law," IACUC Conference, Lecture, State College, 2008

"Winning Plaintiffs May Become Losers in the End: The Supreme Court Ruled That Award Recipients Are Taxed on the Contingent Fees They Must Pay to Their Attorney," Vermont Law Review, Article, 2006

Phone: 814-238-4926

Email: tsschrack@mqblaw.com vcard icon

Thomas Schrack joined McQuaide Blasko in 2008 after several years of practicing in Philadelphia and Scranton. Tom focuses his practice primarily in the area of business law, as he serves as outside general counsel for a number of both for-profit and non-profit entities, including medical practices and other professional practices. Tom routinely advises clients on legal matters confronting for-profit and non-profit entities, including formation, day-to-day operational matters, contracting matters, and larger transactions such as sales, acquisitions, and fundamental change transactions. He also handles real estate matters for these entities and other clients, including leasing, sales and acquisitions, and financing transactions. With a Master of Laws in Taxation, he also is equipped to assist his clients with tax-related legal issues.

A large part of Mr. Schrack's practice involves the representation of municipalities and municipal authorities. As part of this practice, he routinely advises his clients on operational and governance issues, Sunshine Act and Right to Know matters, contracting and procurement issues, and financing.

Representative examples of Mr. Schrack's engagements include serving as:

Transaction counsel for the $15+ million sale of a clinic by a large medical practice
Transaction counsel for $7 million sale of medical practice
Transaction/borrower's counsel for the development, construction, and operation of a $30 million continuing-care retirement community
Solicitor for SEDA-COG Joint Rail Authority, a municipal authority that preserves the railroads in Central Pennsylvania and promotes economic development through the use of rail
Solicitor for both Bellefonte Borough and Bellefonte Borough Authority, a municipal authority which operates the public water and sewer system in the Bellefonte area


Focus of Practice:
Business Law
Real Estate Law
Municipal Law


Bar Admissions:
Pennsylvania
New Jersey
United States District Court for the Middle District of PA
United States District Court for the Eastern District of PA


Education:

L.L.M., Taxation, Temple University Beasley School of Law
J.D., Villanova University School of Law
B.A., The Pennsylvania State University (major, Political Science; minor, Economics), With Distinction, Phi Beta Kappa