FacultyFaculty/Author Profile
Richard M. Nugent

Richard M. Nugent

Jones Day

New York, NY, USA


Richard Nugent is a transactional lawyer with significant experience in the tax aspects of public and private mergers, acquisitions and spin-offs and in advising debtors, creditors and potential acquirers of financially troubled companies both within and outside the bankruptcy context.  He also has experience advising clients on cross-border tax strategies, financing transactions and tax controversies.

Representative transactions on which Richard has worked include:

  • Procter & Gamble in the disposition of its Snacks business to Kellogg and the prior proposed tax-free distribution and immediate acquisition of the Snacks business by Diamond Foods;  
  • Mercuria in its pending acquisition of J.P. Morgan's physical energy and commodities and business;
  • Elan in its combination with Perrigo;
  • Elan in the tax-free distribution of its Neotope business;
  • LyondellBasell in its chapter 11 reorganization case;
  • Pfizer in the acquisitions of Wyeth, King Pharmaceuticals and Embrex and the dispositions of its Capsugel business to KKR and its Consumer Healthcare business to Johnson & Johnson;
  • Towers Watson in the acquisition of Liazon Corporation and the sale of its reinsurance brokerage business to Jardine Lloyd Thompson;
  • Barclays in the Contec chapter 11 reorganization case;
  • Dayton Power & Light in its sale to AES Corporation;
  • Procter & Gamble in the tax-free distribution and immediate acquisition of its Folgers Coffee business by the J.M. Smucker Company;
  • Yucaipa in the Inner City Media Corporation chapter 11 reorganization case;
  • CVC Capital Partners Group in the proposed acquisition of Barclay’s iShares unit;
  • U.S. Department of Treasury, as outside counsel to the Presidential Task Force on the Auto Industry in the bankruptcy filings of General Motors and Chrysler;
  • Northwest Airlines in its chapter 11 reorganization case and related rights offering;
  • AngioDynamics in its acquisitions of Navilyst and Vortex Medical;
  • Triarco in its acquisition by Innophos Holdings;
  • JPMorgan in the Station Casinos chapter 11 reorganization case;
  • Whippoorwill in the Trailer Bridge chapter 11 reorganization case;
  • JPMorgan in the Centro Properties restructuring;
  • Bear Stearns in its acquisition by JPMorgan Chase;
  • Icahn Global Enterprises as secured lender in the Blockbuster chapter 11 reorganization case;
  • Xerium in its chapter 11 reorganization case;
  • Metals USA in its acquisition of Richardson Trident;
  • Bay Harbour Management in its acquisition of Steve & Barry’s stores pursuant to Bankruptcy Code section 363;
  • The Official Committee of Unsecured Creditors in the Heartland Automotive and Truvo USA chapter 11 reorganization cases;
  • The purchaser of Island One, Inc. following its chapter 11 reorganization case;
  • Celanese in the sale of its polyvinyl alcohol business to Sekisui Chemical;
  • Xstrata in the sale of its aluminum business to Apollo Management; and
  • St. Vincents Catholic Medical Centers in its chapter 11 reorganization case.

Richard was recognized in Super Lawyers (New York-Metro) for 2011, 2012 and 2013 and was named to the Turnarounds & Workouts annual list of Bankruptcy Tax Specialists for 2011 .  Richard has spoken on, and has authored or co-authored several articles on, U.S. tax issues.  Richard also is a member of the New York State Bar Association Tax Section for which he has co-authored several reports and letters and is a member of the Tax Forum.

Richard received his LL.M., with distinction, from Georgetown University Law Center; his J.D., with honors, from Rutgers University School of Law (Newark); and his B.A., summa cum laude, from Saint Peter's College (now University).  He served as a clerk to the Honorable Richard F. Suhrheinrich of the U.S. Court of Appeals for the Sixth Circuit and the Honorable Robert P. Ruwe of the United States Tax Court.

Richard M. Nugent is associated with the following items:
Treatise Chapters  Treatise Chapters REIT Spin-Offs: Passive REITs, Active Businesses - The Corporate Tax Practice Series, Wednesday, February 08, 2017
Big A, Little C: Baby Steps Toward Modernizing Reorganizations - The Corporate Tax Practice Series, Wednesday, February 08, 2017
The Final INDOPCO Regulations: An Outline of Their Application in the M&A Context - The Corporate Tax Practice Series, Wednesday, February 08, 2017
Possible Approaches for Avoiding UBTI on Real Estate Investments - The Partnership Tax Practice Series, Tuesday, August 01, 2017
CHB Chapters  CHB Chapters Real Estate Investment Trusts & Recent Developments (PowerPoint slides) - Tax Strategies for Corporate Acquisitions, Dispositions, Spin-Offs, Joint Ventures, Financings, Reorganizations & Restructurings 2017, Wednesday, October 18, 2017
Web Segment  Web Segment Passthrough Corporations – RICs, REITs and UpCs - Tax Strategies for Corporate Acquisitions, Dispositions, Spin-Offs, Joint Ventures, Financings, Reorganizations & Restructurings 2017, Friday, October 27, 2017
MP3 Audio  MP3 Audio Passthrough Corporations – RICs, REITs and UpCs - Passthrough Corporations – RICs, REITs and UpCs, Friday, October 27, 2017
MP4 - Mobile Video Seg  MP4 - Mobile Video Seg Passthrough Corporations – RICs, REITs and UpCs - Passthrough Corporations – RICs, REITs and UpCs, Friday, October 27, 2017
On-Demand Web Programs  On-Demand Web Programs Tax Strategies for Corporate Acquisitions, Dispositions, Spin-Offs, Joint Ventures, Financings, Reorganizations & Restructurings 2017, Wednesday, November 01, 2017, New York, NY
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