Sy Traub’s practice includes representation involving for-profit and non-profit businesses, contracts, real estate transactions, physicians and healthcare institutions, mergers and acquisitions, succession and estate planning, self-insurance for businesses and healthcare organizations, and medical malpractice and product liability risk management.
Sy brings a unique combination of legal, business, and technical skills to preventing and solving legal problems. Sy has represented major publicly held companies and privately held businesses who manufacture highly technical products, family businesses, hospitals, physicians, and physician groups. His risk management approach has substantially reduced liability exposure for clients in contracts, in business transactions, and in the manufacturing of products.
Sy has extensive relationships in the Allentown and the Lehigh Valley. As the volunteer Chairman of ANIZDA, the State Authority established to help redevelop the downtown of Allentown; he has used his legal and business background to substantially help revitalize Allentown into a global award-winning urban center of excellence.
Lesavoy, Butz & Seitz LLC, Allentown, Pennsylvania, 2019 – Present
Practice includes representation involving for-profit and non-profit businesses, contracts, real estate transactions, physician and healthcare institutions, mergers and acquisitions, succession and estate planning, self-insurance for businesses and healthcare organizations, and medical malpractice and product liability risk management.
St. Luke’s Health Network Insurance Company, Bethlehem, Pennsylvania, 2010 – Present
Consultant, Member of the Subscriber Advisory Committee (Board), and Secretary
Manage and administer claims relating to medical malpractice for St. Luke’s University Health Network’s captive insurance company, a reciprocal risk retention group.
St. Luke’s University Health Network, Bethlehem, Pennsylvania, 2002 – 2010
Senior Vice President and General Counsel
Established and managed the Legal Department for a healthcare network of hospitals ranked in the Top 100 Hospitals in the United States, with more than $2 billion of revenue and 15,000 employees. Participated as a member of the Senior Management Team and as General Counsel, engaged in significant real estate transactions, contracts, bond financings, joint ventures, corporate restructuring, and reported regularly to the Board of Trustees. Organized and managed the network’s insurance reciprocal risk retention group, including in-house administration of all professional liability cases for the network’s entities, 1,000 employed physicians, and 175 non-employed physicians.
Blank Rome LLP (Acquired Traub, Butz & Fogerty), Allentown, Pennsylvania, 1994 – 2002
Managing Partner of the Lehigh Valley Office
Managed practice including business transactional matters, corporate and contract matters, mergers and acquisitions, real estate, loan and other financing arrangements, shareholder agreements and succession planning, estate planning, licensing of intellectual property, mediations and arbitrations, healthcare law, and representation of medical device and other manufacturers, hospitals, physicians and healthcare providers on products liability and other risk management issues.
Traub, Butz & Fogerty, P.C., Allentown, Pennsylvania, 1973 – 1994
Founded and managed a firm representing large and small businesses, including major medical device manufacturers, energy companies, hospitals, physicians and physician groups, family businesses, and estate planning.
Stradley, Ronon, Stevens & Young, Philadelphia, Pennsylvania, 1969 – 1973
Corporate Department, specializing in M &A transactions, general representation of large and small businesses, products liability and corporate law for major medical device manufacturers.
U.S. Department of Commerce, Washington, D.C., 1967 – 1969
Bureau of International Commerce
Foreign Trade Specialist – Developed Marketing Opportunities for the Export of U.S. Products.
U.S. Patent Office, Washington, D.C., 1965 – 1967
Patent Examiner – U.S. Government Classified Chemical Processes, including Radioactive Elements.
Air Products and Chemicals, Inc., Allentown, Pennsylvania 1961 – 1965
Chemical Engineer and Strategic Business Analyst.
Lehigh University, Bethlehem, Pennsylvania, 1973 – 2003
Associate and Adjunct Professor of Law, Lecturer
Taught courses in Business Law and Products Liability Prevention – School of Business and Graduate School of Engineering.
The Pennsylvania State University, Ogontz Campus, Abington, Pennsylvania, 1971 – 1973
Lecturer – Corporate Finance and Real Estate Law.
Temple University School of Law, Philadelphia, Pennsylvania, 1972
Lecturer – Legal Research and Problem Solving Methods.
ADMITTED TO PRACTICE:
Supreme Court of the United States, 1985
Commonwealth of Pennsylvania, 1969
Registered Attorney, U.S. Patent Office, 1969
United States District Court, Eastern District of Pennsylvania, 1969
Georgetown University Law Center, J.D., 1969
Lehigh University, M.B.A., 1965
Beta Gamma Sigma National Honor Society
New York University, B.Chem.Eng., 1961
New York, New York
Stuyvesant High School, 1957
New York, New York
PROFESSIONAL AND CIVIC ORGANIZATIONS (Partial):
*Chairman of the Board of Directors, Allentown Neighborhood Improvement Zone Development Authority. Responsible for development of the PPL Center and redevelopment of downtown Allentown, 2012 – Present.
*Chairman of the Board of Directors, Star Wellness Centers, Inc. A non-profit applying for Federal Qualified Health Center status for St. Luke’s previous clinic patient sites, 2018 – Present.
Chairman of the Board of Directors, Allentown Economic Development Corporation, 1997 – 2017.
Member, Executive Committee, Lehigh Valley Economic Development Corporation, 2004 – 2014.
*Member, The Hospital Association of Pennsylvania, Medical Liability Task Force, 2005 – Present.
Member, Legal Committee of Saucon Valley Country Club.
President, Berkleigh Country Club.
Secretary and Founding Member, Board of Directors, Fund to Benefit Children and Youth.
Board of Governors, Lehigh County Chamber of Commerce.
Advisory Board, Family Business Council of the Lehigh County Chamber of Commerce.
Board of Directors, Boys & Girls Club of Allentown.
Advisory Board, Muhlenberg College.
Board of Directors, Lehigh Valley Chamber Orchestra.
*Member, Pennsylvania Bar Association, 1969 – Present.
*Member, Lehigh County Bar Association, 1973 – Present.
(Present positions designated by *)
“Corporate Planning for Product Liability by Outside Counsel,” Proceedings of Product Liability Prevention Conference, New Jersey Institute of Technology.
“Anatomy of a Lawsuit,” Grand Rounds at St. Luke’s Hospital & Health Network, Bethlehem, Pennsylvania.
“Healthcare Serial Killer,” The Healthcare Roundtable of Corporate Counsel, Boulder, Colorado.
“Private vs. In-house Corporate Practice,” Lehigh County Bar Association for Continuing Legal Education Credit, Allentown, Pennsylvania.
“Global Village for Future Business Leaders,” The Iacocca Institute, Lehigh University, Bethlehem, Pennsylvania.
“Sale of Business Transactions,” Lehigh County Bar Association for Continuing Legal Education Credit, Allentown, Pennsylvania.
“Family Business Succession Planning,” Lehigh Carbon Community College Family Business Center, Schnecksville, Pennsylvania.
“Taxation for Not-For-Profit Organizations,” Seminar Chairman, Allentown, Pennsylvania.
“Labor & Employment Law (Updates),” Seminar Chairman, Allentown, Pennsylvania.
“Malpractice Prevention Involving Medical Devices,” Pennsylvania Society of Hospital Risk Managers, Philadelphia, Pennsylvania.
“Medical Device – Liability Prevention,” Lehigh Valley healthcare community sponsored by HealthEast, Inc., Allentown, Pennsylvania.
“Fracture Mechanics, Failure Analysis and Product Liability,” a short course for industry sponsored by Lehigh University, Bethlehem, Pennsylvania.
“Product Liability Prevention,” Eastern Pennsylvania Regional Chapter Meetings of the American Metal Society; American Society of Mechanical Engineers; American Foundry Society; and Society of Manufacturing Engineers.
“Buying and Selling Cemeteries,” Pennsylvania Cemetery Owners Association’s annual meeting, Hershey, Pennsylvania.