Professional Experience:

Louis N. Marks serves as of counsel in the Business Department of Montgomery McCracken.  Mr. Marks' practice focuses on counseling businesses regarding corporate law, corporate finance, business planning and development and all related corporate and litigation matters.  He counsels public and private companies and entrepreneurial businesses, including closely-held and family-controlled companies in strategic and business planning, joint ventures and corporate partnering, organization, workout and turnaround management. He has extensive experience in mergers and acquisitions, the structuring of publicly and privately held businesses, bank and institutional lending, debt and equity offerings, venture capital, investment and merchant banking and other capital acquisition strategies.  He negotiates various forms of business agreements and contracts including distribution, licensing and intellectual property agreements, professional service contracts, shareholder agreements, and dissolution and disengagement or "corporate divorce" agreements.

Mr. Marks was a name partner at Sugarman & Marks, LLP until September 2008. Previously, he served as chairman and CEO of ND Acquisition, Inc., an entity created to resuscitate a multi-site retailer, and was with Dechert LLP from 1969 to 1986, where he was a partner since 1977. At Dechert, he chaired the Emerging/Entrepreneurial Business practice group, and various firm management committees.

In addition, Mr. Marks serves as special counsel to Senator Arlen Specter.

The following are some of Mr. Marks' notable client representations and accomplishments:

• On behalf of a client facing trading liabilities in excess of $1 billion and bankruptcy, negotiated contract and securities settlements which resulted in the avoidance of bankruptcy, possible criminal prosecution, and ultimately, the preservation of the business value for the owners, which allowed the subsequent sale of the company
• Led an international legal and business team in the sale of a multinational family-owned business worth several hundred million dollars
• Orchestrated the implementation of a multi-phase sales strategy of a computer payroll company to a national financial services organization which resulted in the net gain of tens of millions of dollars to the CEO client
• Represented the owner of a television station, believed to be valued at more than $100 million before debt of $75 million, in the reorganization and sale of the company, resulting in net after tax proceeds of $10 million to the owners, after avoiding foreclosure and bankruptcy
• Assisted a group of specialized accountants in extricating themselves from a Big Five accounting firm before its demise without any liabilities, and financing and organizing a partnership as a national consulting firm in the tax arbitrage space
• On behalf of a client facing a $1 million fine, a prison sentence and suspension of license for civil and criminal violations of specialized lending programs, negotiated with government officials to settle with a substantially reduced fine, avoidance of prison time and preservation of business license
• Negotiated an innovative debt and equity strategy to finance an interactive satellite telecommunications system
• Represented a national financial services firm, organized as a limited partnership, in a dispute among the partners and in the subsequent sale of the surviving company. After resolving the partners' dispute in a tax-advantaged manner for all partners, represented the surviving entity in a sale transaction to another major national financial institution. The transactions resulted in significant profits for the client, as well as a financially sound organization.

Professional/Community Associations:

Mr. Marks serves on the Board of the American Jewish Committee and is chair of its Energy Task Force.  Mr. Marks is a member of both the American (Developments in Business Financing Committee) and Philadelphia (Corporate, Banking and Business Law Section) Bar Associations.  He previously served as a board member for the Federation of Jewish Agencies and chairman of its Lawyer's Division. From 1980 to 1994, Mr. Marks was vice-president of the American Jewish Committee and chairman of its Inter-religious and Foreign Affairs Committee.

Admitted to Practice:

Mr. Marks is admitted to practice in Pennsylvania, the U.S. District Court for the Eastern District of Pennsylvania, the U.S. Court of Appeals for the Third Circuit, and the United States Supreme Court.

Education:

Mr. Marks received a J.D. degree from the University of Pennsylvania Law School and a B.S. degree in Economics from the Wharton School of the University of Pennsylvania.