Barry Gersick is a partner practicing in areas of taxation, business matters, and estate planning. He has represented privately held businesses and their owners in various tax matters, including tax planning, contested tax matters, estate planning, and estate and gift taxation. Barry has assisted owners of businesses in numerous acquisitions and divestitures.

Selected Experience

  • Represented Jacobs Trading in the sale of its salvage and liquidation business to Liquidity Services, Inc., a publicly traded leading provider of online marketplaces and integrated services, in a transaction yielding cash, stock, a promissory note, and performance-based consideration proceeds of $170 million.
  • Negotiated and drafted merger and acquisition documents for private transactions with values of over $200 million.
  • Represented New York Stock Exchange Companies in connection with the acquisition and disposition of subsidiaries.
  • With respect to tax matters, has represented individuals, partnerships, trusts, and limited liability companies in contested tax disputes involving income tax, gift tax, estate tax, and sales tax. The tax disputes have involved matters with proposed adjustments of up to $25 million.
  • Has been involved in estate planning for clients with estates of over $100 million.
  • Has handled contested probate and trust matters with values of assets at issue of $10 million to $15 million.
  • Provided general counsel services for various private corporations with annual sales up to $1 billion.

Professional Activities

Minnesota State Bar Association: Business Law Section, Subcommittee on Limited Liability Companies and Partnerships; Tax Council
Ramsey County Bar Association
Stages Theater Company: Board
Temple of Aaron, St. Paul: Finance Committee, Chairman; Board; Executive Committee

Recognition

North Star Lawyer, Minnesota State Bar Association, 2016 (North Star Lawyer is a designation that recognizes members who provide 50 hours or more of pro bono legal services in a calendar year.)

Recognized on Minnesota Super Lawyers® list, 2003 (Minnesota Super Lawyers® is a designation given to only 5 percent of Minnesota attorneys each year, based on a selection process that includes the recommendation of peers in the legal profession.)

AV Preeminent, Martindale-Hubbell® (AV Preeminent and BV Distinguished are certification marks of Reed Elsevier Properties, Inc., used in accordance with the Martindale-Hubbell® certification procedures, standards and policies.)

p 612.672.8384   f 612.642.8384
3300 Wells Fargo Center, 90 South Seventh Street
Minneapolis, MN 55402
Bar Admissions
Minnesota, 1971
U.S. District Court
  • Minnesota, 1971
U.S. Court of Appeals
  • Eighth Circuit, 1971
U.S. Tax Court, 1971
Education
University of Minnesota Law School
J.D., 1971
Washington University, St. Louis
B.A., B.S., with honors, 1967
Notable

BARRY WAS RECOGNIZED AS A 2016 NORTH STAR LAWYER BY THE MINNESOTA STATE BAR ASSOCIATION.

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