Advised clients on federal tax issues under Internal Revenue Code Section 280E, which limits the deductibility of certain business expenses in connection with the sale of drugs that are illegal or regulated under federal law.
John C. Rodney
John Rodney Clark HillOffice
Pittsburgh
One Oxford Centre
301 Grant St, 14th Floor
Pittsburgh, PA
15219
Phone: 412.394.7751
Fax: 412.394.2555
Email: jrodney@clarkhill.com
Education
J.D., with Honors, Dickinson School of Law, Penn State University, Carlisle, Pennsylvania, 1979
Dickinson School of Law, Penn State University
B.A., with Honors, Duke University, Durham, North Carolina
Duke University
John C. Rodney
Of Counsel
John C. Rodney is a member with Clark Hill's General Corporate / Mergers & Acquisitions Practice Group. He has a broad tax and corporate practice with a particular focus in the tax, technology, and venture capital area. John has more than 30 years of experience representing an array of both companies and investors in sophisticated transactions. John has represented many business owners, partnerships and other entities (including numerous investment funds), and individuals in multiple acquisitions and divestitures, private debt and equity financings, securities offerings, tax planning restructurings, contract matters, tax-oriented transactions, and real estate acquisitions and financings.
John has been listed as a tax lawyer in The Best Lawyers in America since 1995.
Publications / Presentations
Served as a speaker before a number of professional and tax societies including The Minerals, Metals and Materials Society, the MIT Enterprise Forum of Pittsburgh, the Allegheny County and Pennsylvania Bar Associations, CPA Associates, Tri State Tax Institute, Allegheny Tax Society and the Penn State Tax Conference.
Awards/Achievements
Listed as a tax lawyer in The Best Lawyers in America since 1995
Memberships
Pennsylvania Bar Association
Allegheny County Bar Association
Past Chair, MIT Enterprise Forum of Pittsburgh
Pittsburgh Venture Capital Association
Former Chairman, Penn State Tax Conference
Former Chairman, Pittsburgh Tax Club
Experiences
In connection with its receipt of two medical marijuana dispensary licenses in Pennsylvania, have advised a client on formulating its application and appeals with respect to these licenses, capital-raising documentation, media “right to know” requests, real estate transactions and zoning, and employment matters.
Representation of numerous physicians and others in connection with the acquisition and sale of major capital equipment
Venture financing of media asset management/internet company and international computer services company
Sale of company owning and operating ingot mold foundry, coke oven batteries and related byproducts plant
Sale of U.S. based steel industry engineering and construction company to Italian firm in related industry
Acquisition by public US subsidiary of public UK company of LAN device and bandwidth-on-demand manufacturing companies
Acquisition of large equipment leasing portfolio and numerous equipment leases. Various aircraft financings
Formation of venture capital fund
Sale of network access card business
Representation of angel investor groups
Sale/syndication of hotels with a value in excess of $100MM to a partnership of foreign investors
Sale of psychiatric hospital
Formation of private investment fund and acquisition and sale of industrial companies by the fund
Acquisition, financing and sale of television stations
Sale/leaseback of dozens of properties with aggregate values in excess of $100M. In many of these, financing was provided by commercial paper issued by a bankruptcy remote special purpose subsidiary
Leasing and structure advice to underwriters in connection with sale of nuclear power plant lease-backed bonds and then subsequent sale of equity interest in the plant
Co-chair of conference in Washington, DC on Mergers and Acquisitions in the Chemical Industry
Acquisition of water treatment equipment companies
Formation, capitalization and financing of weather-related financial risk hedging company
Representation of numerous early stage technology companies
Acquisition, sale and financing of several retirement centers
Sale/financing of Rule 12b-1 fees by mutual fund distributor
Sale/financing of excess IRC ยง29 tax credits generated by an Appalachian natural gas producer
Acquisition and financing of $50MM (sales) healthcare products company from a bankrupt seller and subsequent sale of company to public strategic buyer
Sale of a Texas based power plant engineering and construction company to a public utility. Retained 6 years later by the public utility to sell the same company again to a larger company in the same business
Acquisition and subsequent sale of a commuter airline
Advise issuers and investors on various securities law issues
Representations of issuers in numerous private placements
Spoken before numerous professional societies including the Minerals, Metals and Materials Society, the MIT Enterprise Forum, the Allegheny County and Pennsylvania Bar Associations, CPA Associates and the Penn State Tax Conference
Representation of investors in numerous technology companies
Represented Pennsylvania based E&P company in connection with substantial private equity investment by major private equity fund and assisted in subsequent sale of entire company to international energy company
Practice Areas
Corporate Law
Industries
BankingFood, Beverage & HospitalityOil & GasTax Exempt and Charitable Organizations
