Blair, Jonathan

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.