Carl Black has played a leading role in Jones Day's representations of debtors and potential debtors, creditors' committees, contract counterparties, equity sponsors, and other significant creditors in many of the nation's largest in-court and out-of-court corporate restructurings. He has substantial experience counseling clients in corporate governance, fraudulent conveyance, illegal dividend, fiduciary duty, piercing the corporate veil, and mass tort, environmental, and legacy liability issues. He also has represented a number of entities in the structuring and consummation of spin-offs, secured financings, distressed sales and acquisitions, and ring-fencing transactions.
Representative chapter 11 debtor cases include: Alpha Natural Resources, American Apparel, Burlington Industries, Chrysler LLC, Dana Corporation, Lehman Brothers (special counsel to the debtors), LTV Steel Company, M&G Chemicals, Inc., NII Holdings, Oglebay Norton Company, St. Mary's of the Woods, and Transtar Industries. Other representations include Hilite International in its cross-border out-of-court restructuring and secured creditors of Syncreon International Group in an English scheme of arrangement.
Carl is a member of the American Bankruptcy Institute, the American Bar Association, the Ohio State Bar Association, and the Cleveland Metropolitan Bar Association. He also serves as a director of the Cleveland Zoo Society.
Creditors at the Gate: How Good Are Your Indemnities and D&O Insurance?, Pratt's Journal of Bankruptcy Law, LexisNexis, Vol. 16 | No. 4
Expansion by the Acquisition of Financially Distressed Health Care Facilities and Companies: Opportunities and Challenges
The Expansion of Bankruptcy Code Section 546(e)'s Application to Leveraged Buyouts Involving Privately Held Securities, Pratt's Journal of Bankruptcy Law
- December 2019
"Overview of Limitations on Employee Compensation in Bankruptcy," The Bankruptcy Strategist
- November/December 2019
"An Overview of the Fiduciary Duties of Directors and Officers of Financially Distressed Corporations." Pratt's Journal Bankruptcy Law
- May 7, 2009
Distressed Asset Transactions: What Strategic Buyers Need to Know
- December 11, 2008
Protecting Your Human Capital: Indemnities and D&O Insurance in Troubled Times, Jones Day CLE Academy
- November 3, 2008
Third Circuit Update
- September 20, 2005
The Significant Business Provisions of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005
- October 5, 1999
Issues in Debtor in Possession Financing, Jones Day CLE Program
- The Ohio State University (J.D. cum laude 1998; Order of the Coif); Ohio University (B.S.Ed. cum laude 1989)
Chambers USA: Bankruptcy/Restructuring in Ohio (2010-2019)
The Best Lawyers in America: Cleveland, Ohio; Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law (2010-2021), "Lawyer of the Year" (2020); Litigation — Bankruptcy (2011-2021), "Lawyer of the Year" (2015, 2018, 2021)
Lawdragon 500 Leading U.S. Bankruptcy & Restructuring Lawyers (2020)