Leslie J. Altus
Provides tax advice spanning all industries, including renewable energy, transportation and pharmaceuticals. Extensive bankruptcy and litigation experience.
Leslie provides tax advice to businesses and investors in complex transactions, including renewable energy project financings, business debt restructurings, and bankruptcy transactions. She advises clients in a range of industries including energy, power, transportation, real estate, pharmaceutical and consumer products. She also has wide experience in tax litigation and controversy matters, including federal and state trial and appellate court proceedings. She served as President of the Penn Law Alumni Society and as an ex-officio member of the Penn Law Board of Advisors from July 2019 through June 2023.
Experience
- Spirit Airlines in connection with its restructuring support agreement and negotiation of a prearranged chapter 11 plan
- White Oak, as the largest prepetition secured lender, debtor-in-possession financing provider and stalking horse bidder, in connection with the chapter 11 cases of Lumio
- Ad hoc group of secured noteholders in connection with the chapter 11 restructuring of WeWork, Inc. and certain of its subsidiaries
- Nextracker on the spinoff of Flex through a distribution of approximately 51% of Nextracker’s total outstanding common stock to Flex’s shareholders on a pro rata basis
- Ad hoc group of first-lien secured noteholders in connection with the chapter 11 restructuring of Party City Holdings Inc. and certain of its subsidiaries.
- Ad hoc group of convertible senior noteholders and the indenture trustee in connection with the chapter 11 liquidation of Tricida, Inc.
- GenOn and Strategic Value Partners in connection with the chapter 11 restructuring of Heritage Power
- Ad hoc group of noteholders holding approximately $422 million or 89% of the face amount of Ruby Pipeline, LLC’s $475 million unsecured notes in connection with Ruby’s chapter 11 case
- Ad hoc group of secured noteholders in connection with the chapter 11 cases of Cloud Peak Energy Inc. and its affiliates
- Ad hoc group of GenOn Energy Inc. noteholders in connection with GenOn’s chapter 11 restructuring, including subsidiary power company sale-leasebacks
- Ad hoc group of bondholders of Puerto Rico’s Government Development Bank in connection with restructuring under PROMESA
- Related Companies and Oxford Properties in their platform joint venture with José Andrés’ ThinkFoodGroup to develop, own and operate a Spanish style food hall and market
- An industrial company in reviewing transactions in which it claimed investment tax credits and in defending its claims against challenges by the IRS
- Successfully represented multinational consumer products company in U.S. Tax Court case involving international restructuring and debt/equity issues
- Successfully represented U.K. Bank before the Court of Federal Claims and Federal Circuit Court of Appeals in U.S.-U.K. tax treaty dispute relating to determination of income attributable to U.S. branch
Insights
Education
Clerkships
Qualifications and admissions
- State of New York
- U.S. Court of Appeals, Federal Circuit
- U.S. Court of Federal Claims
- U.S. District Court, Connecticut
- U.S. Tax Court