On December 1-3, 2010, Cravath partner Stephen L. Gordon spoke at “Tax Strategies for Corporate Acquisitions, Dispositions, Spin-Offs, Joint Ventures, Financings, Reorganizations & Restructurings 2010,” a conference presented by the Practising Law Institute and held in Beverly Hills, California. Steve spoke on a panel entitled “Structuring Leveraged Buyouts,” which discussed leveraged recapitalizations, multi-layer debt and equity financing structures, interest deductibility, the cancellation of debt income and related issues.