Cole Schotz P.C.

 

				Jareck
				T.
				Ryan

Ryan T. Jareck

Memberrjareck@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
bfink@coleschotz.com

OVERVIEW

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.
Creditors’ Committees
  • 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.
Trustees
  • 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.
Bankruptcy Litigation
  • 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.
Out-of-Court Restructuring/Workouts
  • 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 was selected in 2014 and 2015 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 concentrates his practice on bankruptcy litigation including complex Chapter 11 matters. He acts for a strong client base from a variety of sectors including real estate and healthcare." 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.



Education

Rutgers 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 Admissions

New 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

EVENTS

Recent Events

Pre-packaged plans, Pre-negotiated Plans, & Lock-up Agreements - 16th Annual William H. Gindin Bankruptcy Bench-Bar Conference
Attorney Speaking: Ryan T. JareckMay 9, 2014

PUBLICATIONS

Publications

Latest Trends in the Enforceability of Make-Whole Premiums

Bankruptcy & Restructuring Law Monitor February 4th, 2013

Ryan T. Jareck
Case Study: HSRE-CDS I

Law 360 September 23, 2011

Ryan T. Jareck and Norman L. Pernick
Case Study: Grossman’s v. Gordon Van Brunt

Law 360 July 19, 2010

Ryan T. Jareck and Ilana Volkov