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Following a hearing on February 6, 2015, a three-judge panel of the U.S. Third Circuit Court of Appeals in Philadelphia reversed a lower court’s decision that allowed a $95.4 million sale to continue despite an appeal from RLT's client, IDEA Boardwalk, LLC ("IDEA"), the owner and operator of Revel’s nightclubs. The Third Circuit's decision, which split the panel 2-1, will allow the sale to continue, but preserves IDEA’s lease and other rights while an appeal is pending. The bankruptcy court had previously approved the sale of the Revel “free and clear” of any existing leases, including those from tenants, like IDEA, that made substantial investments in the resort. RLT, led by Jeffrey A. Cooper and Barry J. Roy, have been representing IDEA for over two years in connection with its various disputes with the casino. At issue in the appeal is whether section 365(h) of the bankruptcy code serves to protect the possessory rights of a non-debtor tenant where a debtor landlord seeks to sell its assets free and clear of lien, claims and encumbrances, including the tenants possessory rights.

In June 2013, Chambers USA, which lists America's Leading Lawyers For Business, and is a highly-respected legal directory based on in-depth interviews with in-house counsel and private practice attorneys, ranked Rabinowitz, Lubetkin & Tully, LLC, among the leading Bankruptcy/Restructuring firms in New Jersey. Sources commenting on RLT in Chambers USA stated: "They are very responsive and thorough. They cover all the angles and come up with excellent strategies."

Jonathan I. Rabinowitz and Jay L. Lubetkin were also individually recognized by Chambers USA as "Notable Practitioners" in New Jersey in the field of Bankruptcy/Restructuring. In fact, a market source commented on Jonathan I. Rabinowitz as follows: "extremely smart and thorough - he explains everything very well and makes sure I understand."


On May 1, 2013, Jeffrey A. Cooper joined Rabinowitz, Lubetkin & Tully, LLC as a partner. Prior to joining RLT, Jeff was a longtime partner with Carella, Byrne, Cecchi, Brody & Agnello, P.C. in Roseland where he served as the firm's voting representative, a member of the Board of Directors, and Chair of the Bankruptcy Section of SCG Legal, formerly known as State Capital Group, an international association of law firms.

At RLT, Jeff will continue representing secured and unsecured creditors, including committees, landlords, tenants, franchisors, franchisees, debtors-in-possession, purchasers, and trustees in business and consumer bankruptcies, reorganizations and workouts.