Carl M. Jenks

Partner

Carl Jenks' practice covers a wide range of federal income tax areas, including bankruptcy, mergers and acquisitions, distressed M&A, and tax controversies. He is coordinator of the Firm's New York tax group and divides his time between the Firm's New York and Cleveland offices.

Carl has provided tax advice to debtors and creditors in a number of recent bankruptcy proceedings, including Dana Corporation (debtor), ISG (purchaser of Bethlehem Steel business), Kaiser Aluminum (debtor), LTV Steel (debtor), Oglebay Norton (debtor), Pillowtex (debtor), Williams Communications (debtor), and Xcel (parent of debtor NRG).

Carl has provided tax advice to clients in a number of significant M&A transactions, including the sale of Albertsons to a consortium of investors, Federated Department Stores' acquisitions of May and Macy's, Foster's Group's acquisition of Beringer Wine Estates, and New York Media Holdings' acquisition of New York Magazine. His practice also involves extensive representation of privately held companies and venture capital firms, both in Cleveland and in New York.

He is tax counsel of record in several important tax cases, including the Dow Corning decision on the accrual of interest by a debtor during bankruptcy, the Elder-Beerman decision on the taxability of tenant allowances, and the Federated decision on the deductibility of "break-up" fees.

Carl is a member of The American Law Institute, Fellow of the American College of Tax Counsel and the American College of Bankruptcy, member of the editorial board and reviewing editor of Collier on Bankruptcy, and conferee of the National Bankruptcy Conference.