Black, Carl E.

Current Employment Position(s)

Partner

Lawyer Overview

Carl Black represents debtors, secured lenders, asset purchasers, significant creditors, creditors' committees, contract counterparties, equity sponsors, and other parties-in-interest in large corporate restructurings. Carl also provides insolvency-related advice to Firm clients in litigation and transactional contexts and participates in out-of-court restructurings on behalf of a variety of parties. In addition, he counsels clients on fraudulent conveyance, illegal dividend, preferential transfer, fiduciary duty, and corporate formalities issues and represents entities in the related structuring and consummation of spin-offs, recapitalizations, and other corporate transactions.

Representative chapter 11 debtor cases include: Burlington Industries, Chrysler LLC, Dana Corporation, Lehman Brothers Special Financing (special counsel to the debtors), LTV Steel Company, and Oglebay Norton Company (a prenegotiated chapter 11 case). Other recent representations include Financial Guaranty Insurance Company in its successful restructuring under New York insurance law, involving the reinsurance of $166 billion of public finance insurance policies, and American Greetings Corporation in its acquisition of Recycled Paper Greetings through a prepackaged chapter 11 case.

Carl is a member of the Ohio State Bar Association, the Cleveland Metropolitan Bar Association, and the American Bankruptcy Institute.

Areas of Practice

• Business Restructuring & Reorganization
• Chapter 11 Debtor Representations
• Official Unsecured Creditors' Committees
• Secured Lender Groups
• Bondholder Committees
• Distressed Mergers & Acquisitions
• Global Restructuring Matters
• Other Significant Creditor Representations
• Out-of-Court Restructurings

Representative Cases

• Blackstone Group appointed valuation expert in WCI Steel bankruptcy , (2009)
• Burlington Industries, nation's oldest textile manufacturer, files for bankruptcy
• Cablevision Systems Corporation receives successful verdict in TW, Inc. adversary proceeding
• Dana Corporation successfully reorganizes in U.S. and U.K. in "Deal of the Year" , (2009)
• ERICO defends claim in Anicom bankruptcy
• Financial Guaranty Insurance Company completes reinsurance transaction with MBIA Insurance , (2009)
• Gould Electronics involved in environmental matter
• Gould Electronics prosecutes environmental claims against chapter 11 debtors Exide Technologies and Federal-Mogul Corporation
• Imperial Home Décor Group and five affiliated entities are restructured under chapter 11
• Iron Ore holds preference claim in Georgetown Steel bankruptcy
• LTV and Copperweld, leading integrated U.S. producers of steel, file for chapter 11 , (2009)
• Lucent reviews contracts with Pacific Crossing
• Lucent Technologies is creditor in AT&T Latin America case
• National City Bank is administrative agent for Advance Watch workout
• National City Bank to loan money to Gibson-Homans
• Oglebay Norton seeks chapter 11 reorganization , (2009)
• Old Carco (Chrysler) sells Indianapolis foundry property to Indy Assets , (2010)
• Old Carco (Chrysler) sells industrial facility to University of Delaware , (2010)
• Specialty Foods bondholder committee formed
• World Kitchen goes into bankruptcy

West Practice Categories

Bankruptcy Law, Business & Commercial Law, Business & Trade, Business Organizations, Collections & Repossessions, Collections & Repossessions, Commercial Bankruptcy, Commercial Leasing, Consumer Bankruptcy, Creditors' Rights, Debt Discharge, Foreclosures, Garnishment, International Law, Mergers, Acquisitions & Divestitures, Reorganizations, Reorganizations & Restructuring, Securities Law, Workouts

Bar Admissions

• Ohio

Education

• Ohio State University
• Ohio Univ- Athens

Published Works

• Jones Day Charts Dana Corporation's Path to Successful Emergence From Chapter 11, 2008
• Bankruptcy Business Acquisitions (2d Edition 2006), contributing author, 2006
• A Chapter 11 Debtor's Life after Oct. 17: Not So Bad if You Plan Effectively, American Bankruptcy Institute Journal, Vol. XXIV, No. 9, 2005
• Debtors Beware: The Expanding Universe of Non-Assumable / Non-Assignable Contracts in Bankruptcy, co-author, 13 American Bankruptcy Institute Law Review 187, 2005
• Licensee's Continued Use of Trademarks Satisfies New Value Preference Defense, 2005
• Preference Action Barred to Recover Payments under Assumed Contract, 2004
• Stay-On Benefits Not Entitled to Administrative Priority, 2002

Address

North Point
901 Lakeside Avenue
Cleveland, OH 44114-1190

Phones

1.216.586.7035 (Business Phone)

Faxes

1.216.579.0212 (Business Fax)

Emails

Contact Us (Business Email)

Websites

http://www.jonesday.com