Ryan T. JareckMemberrjareck@coleschotz.com New Jersey Office
Court Plaza North, 25 Main Street, Hackensack, NJ 07601
New York Office
1325 Avenue of the Americas, 19th Floor, New York, NY 10019
T: 201-525-6278 / C: 201-739-8604 / F: 201-678-6278
Legal Practice Assistant: Brooke Fink
T: 201-489-3000 ext. 5097
Ryan T. Jareck is a member of the firm’s Bankruptcy & Corporate Restructuring practice group. He represents debtors, creditors, statutory committees, trustees, distressed asset investors and purchasers, lenders and other parties-in-interest in complex Chapter 11 cases, bankruptcy litigation and related out-of-court transactions, throughout the country. His cases have spanned a number of industries, including gaming, hospitality, real estate, healthcare, construction services, retail and manufacturing.
Mr. Jareck has represented clients in prominent cases, some of which include: Angelica Corporation, Revel Casino & Hotel, Saint Michael’s Medical Center, The Atlantic Club Casino & Hotel, Tropicana Casino and Resort and Zayat Stables, owner of the 2015 Triple Crown winner, American Pharoah. Some notable representative engagements are below:
Chapter 11 Debtors
- Saint Michael’s Medical Center: represented a 357-bed regional tertiary-care, teaching, and research hospital in the successful sale of its assets following close to three years of state and regulatory roadblocks, ensuring the continued existence of much needed patient care in the Newark community.
- The Atlantic Club Casino & Hotel: represented a hotel and casino with 801 hotel rooms and over 75,000 square feet of casino gaming space in Atlantic City in the successful sale of its assets.
- 710 Long Ridge Road: represented the operators of five skilled nursing facilitates in Connecticut in a reorganization that included addressing significant labor issues.
- Tropicana Casino and Resort: successfully sold the third largest casino in Atlantic City through a “stalking horse” credit-bid asset purchase agreement with the company’s secured lenders, who were owed approximately $1.3 billion.
- Zayat Stables: restructured one of the largest owners of thoroughbred horses in the United States and resolved significant litigation with its secured lender.
- Wave2Wave Communications: successfully sold a leading provider of telecommunication services.
- Angelica Corporation: represented the official committee of unsecured creditors in the Chapter 11 cases of Angelica Corporation, a national leader in providing medical laundry and linen management services, supplying approximately 3,800 healthcare providers in 25 states, with 3,900 employees and liabilities in excess of $250 million, including significant legacy liabilities (primarily in the form of pension obligations and environmental obligations). Angelica was sold to KKR pursuant to an approximately $125 million “stalking horse” bid in a court-supervised sale process.
- Revel AC, Inc.: represented the official committee of unsecured creditors in the Chapter 11 cases of the Revel Casino & Hotel, a 1,400 room hotel and casino in Atlantic City that cost $2.4 billion to construct. Revel was sold to a Florida real estate developer for $82 million pursuant to a court-supervised auction and sale process.
- Cinram Group: representing the official committee of unsecured creditors in the Chapter 11 cases of Cinram Group, a former leading provider of media development and delivery services.
- Monitor Company Group Limited: represented the official committee of unsecured creditors in the Chapter 11 cases of Monitor Company Group Limited, a provider of strategic consulting services. Monitor was sold to Deloitte pursuant to an approximately $120 million “stalking horse” bid in a court-supervised sale process.
- American Laser Skincare: representing the Chapter 7 trustee in the liquidation of American Laser Skincare, a leading provider of laser hair removal, skin rejuvenation, and other minimally-invasive cosmetic procedures across a nationwide network of 136 locations.
- RUUM American Kid’s Wear: represented the Chapter 7 trustee in the liquidation of the owner of RUUM American Kid’s Wear, a children’s clothing line.
- Kara Homes: represented the liquidating trustee in the bankruptcy case of Kara Homes and 56 of its affiliates, one of the largest homebuilder bankruptcy cases in New Jersey history, in the commencement and prosecution of over 70 avoidance actions.
- Represented Heisman Memorial Trophy Trust in the defense of an avoidance action in the National
- Sports Attraction bankruptcy case;
- Represented an independent publisher of information and analysis products in pursuing alter ego, fraudulent transfer and equitable subordination claims.
- Represented Heights Plaza Associates, a landlord owning and operating a 250,000-square-foot office building, in defense of a preference action in the Dan River Chapter 7 bankruptcy case;
- Represented One Bal Harbour Condominium Association, a condominium association, concerning WCI Communities' sale of the One Bal Harbour property to a third-party purchaser in the Chapter 11 proceeding of WCI Communities; and
- Represented Joseph Cory Holdings, a shipping company, in defense of various preference actions in the TWTR and Tweeter Opco bankruptcy cases.
- Represented a leading private golf & country club in the out-of-court restructuring of its secured credit facility with an institutional lender;
- Represented a leading supplier of audio/video and telecommunication products in the United States in connection with an out-of-court restructuring and settlement;
- Represented The Kleiner Group, a real estate developer, in consensual foreclosures of several properties with its senior secured lender, negotiated to limit recourse actions against the principals, and settled several lawsuits arising from the development of the foreclosed properties; and
- Represented Nao Enterprises d/b/a Alpha Professional Tools, a tool and dye company, in the out-of-court restructuring of its senior secured credit facility with an institutional lender.
Ryan is active in numerous industry organizations, including the American Bankruptcy Institute, Young & New Members Committee, American Bar Association and New Jersey State Bar Association, Bankruptcy Section.
Ryan has been selected from 2014-2018 for inclusion in the “America’s Leading Lawyers in Bankruptcy” list by Chambers USA, America’s Leading Lawyers For Business. He was selected to the 2017 New Jersey Rising Stars list, an honor given for exhibiting excellence in practice, and was included in the 2017 New Jersey Law Journal, New Leaders of the Bar list. As noted in Chambers USA, Ryan Jareck has a growing reputation for his impressive work representing debtors, creditors, committees, trustees and lenders in Chapter 11 proceedings. Sources call him a "very good young lawyer" and praise him for being "prepared, practical and someone who gets a deal done." No aspect of this advertisement has been approved by the Supreme Court of New Jersey. See Award Methodology.
Ryan earned his B.E. in Biomedical Engineering from Vanderbilt University and his J.D., cum laude and Order of the Coif, from Rutgers University School of Law-Newark. While in law school, Ryan was managing editor of the Rutgers Law Review and the recipient of the American Bankruptcy Institute Medal of Excellence and Aaron Lasser and Honorable Lawrence L. Lasser Scholarship.
EducationRutgers Law School- Newark, J.D., with honors, Order of the Coif, 2008; Rutgers Law Review, Managing Editor Vanderbilt University, B.E., Biomedical Engineering, 2002
Bar & Court AdmissionsNew Jersey, 2008U.S. District Court, District of New Jersey, 2008New York, 2009U.S. District Court, Eastern District of New York, 2014U.S. District Court, Southern District of New York, 2014U.S. Court of Appeals, Third Circuit, 2016
May 3, 2018
March 19, 2018
As published in: Law360 October 18, 2017
As published in: Law360 August 22, 2017
May 30, 2017
Congratulations to Ryan Jareck and Michael Yellin for being included in the NJLJ New Leaders of the Bar
As published in: New Jersey Law Journal April 27, 2017
May 27, 2016
Chambers USA Recognizes 19 Cole Schotz Attorneys, Six Practice Areas Maryland Bankruptcy/Restructuring Team Debuts On Ranking
May 19, 2015
January 21, 2015
Seventeen attorneys and four practice areas in three states make prestigious list May 23, 2014
Pre-packaged plans, Pre-negotiated Plans, & Lock-up Agreements - 16th Annual William H. Gindin Bankruptcy Bench-Bar ConferenceAttorney Speaking: Ryan T. JareckMay 9, 2014
Ninth Circuit Affirms “Per Plan” Approach to Interpret “Impaired Accepting Class” for Bankruptcy Plan Confirmation Purposes
Bankruptcy & Restructuring Law March 20, 2018Ryan T. Jareck
ABI Labor and Employment Committee Newsletter December 4, 2014Michael D. Sirota and Ryan T. Jareck
Law360 February 3, 2014David M. Bass, Michael D. Sirota and Ryan T. Jareck
ABI Journal August Edition, 2013Ilana Volkov and Ryan T. Jareck
Bankruptcy & Restructuring Law Monitor February 4th, 2013Ryan T. Jareck
Westlaw Journal Bankruptcy September 2, 2011Ryan T. Jareck and Ilana Volkov
New Jersey Volunteer Lawyers for the Arts August, 2011David S. Gold, Ryan T. Jareck and David M. Kohane
What Does "Commercially Reasonable Determinants of Value" Mean Under Section 562 of the Bankruptcy Code?
Bankruptcy & Restructuring Law MonitorRyan T. Jareck