Ryan T. Jareck is a member of the firm’s Bankruptcy & Corporate Restructuring Department.

Experience

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.

Representative Matters

Chapter 11 Debtors

• WeWork:  Chapter 11 co-counsel to WeWork, a multi-billion-dollar provider of coworking spaces with more than 700 locations in 39 countries worldwide, in its chapter 11 proceedings in the United States Bankruptcy Court for the District of New Jersey.
• RTW Retailwinds (New York & Company): represented national retailer with approximately 400 stores in going concern sale of its eCommerce business and liquidation of its brick-and-mortar business that funded in excess of $100 million to creditors.
• George Washington Bridge Bus Station Development: representing developer and operator of retail and transportation hub in the sale or reorganization of its business.
• 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.
• Sam Ash Music: representing the largest privately held retailer of musical instruments with approximately 50 stores in going concern sale of its wholesale and eCommerce business and liquidation of its retail assets in the United States Bankruptcy Court for the District of New Jersey.

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: represented 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.

Ad Hoc Committees

• Synergy Pharmaceuticals, Inc.: represented the Ad Hoc Committee of Equity Holders in the successful formation of an Official Committee of Equity Holders.

Secured Lenders

• Lapis Advisers L.P.: represented lender in the successful reorganization of a hospital system in the State of Washington.

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 manager defendants in successfully opposing and obtaining dismissal of breach of fiduciary duty and preferential transfer claims filed by the liquidating trustee in the AmCad Holdings case.
• 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 the independent special committee of the board in the investigation and analysis of claims and causes of action against directors and officers, among other targets, as part of the restructuring and recapitalization of a glass-manufacturing company specializing in the production of smart glass.

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.

Networks & Affiliations

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.

Honors & Awards

Respected for his high caliber representation of debtors, creditors, committees, trustees and lenders in chapter 11 proceedings, Ryan has received a Chambers USA band ranking every year since 2014. Clients and sources describe him as “bright, practical and results-oriented” and “someone who gets a deal done.” He is recognized by IFLR1000 as a Highly Regarded practitioner for his restructuring and insolvency practice, has been included on the New Jersey Rising Stars list and was previously listed as a 2017 New Jersey Law Journal “New Leaders of the Bar”.  No aspect of this advertisement has been approved by the Supreme Court of New Jersey.

See Award Methodology.