Leslie J. Altus
  1. Counsel

Ms. Altus is counsel in Davis Polk’s Tax Department. She has advised major businesses and investors in real estate, aircraft, rail and power industries, including transactions involving power and energy businesses.

Ms. Altus also has extensive experience in a wide variety of tax litigation matters, including federal and state trial and appellate court proceedings, bankruptcy matters, Internal Revenue Service audits and appeals and alternative dispute resolution proceedings.

Work Highlights

  • 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
  • Related companies in connection with financing secured by 85 Tenth Avenue in New York City
  • An industrial company in reviewing transactions in which it claimed incentive 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

Of Note


  • President, Board of Managers, Penn Law Alumni Society, 2019-Present
  • Member, Board of Managers, Penn Law Alumni Society

Professional History

  • Counsel, 1997-present
  • Associate, 1985-1997
  • Law Clerk, Hon. Richard C. Wilbur, U.S. Tax Court, 1983-1985

Practice Focus

Bar Admissions

  • State of New York
  • U.S. Court of Appeals, Federal Circuit
  • U.S. District Court, Connecticut
  • U.S. Court of Federal Claims
  • U.S. Tax Court


  • B.A., Pennsylvania State University, 1980
  • J.D., University of Pennsylvania Law School, 1983