Jerry and his team were hired based on their expertise in bankruptcy, tax, and process to provide sell-side services in the largest bankruptcy in U.S. history. As part of the work, they worked with counsel in providing bidders with a tax-advantaged structure to acquire certain estate assets.

Work performed:

• Reviewed the technical qualification of the proposed structure and discussed with counsel
• Reviewed the estate’s tax status, including ongoing tax audits and the potential impact on the proposed transaction
• Achieved a sale of two non-debtor subsidiaries in a structure that provided more than $10 billion of net operating losses with no limitation on use by the buyer

Note: This work was performed prior to joining Stout.