Writings by Joel R. Glucksman

Joel Glucksman is an experienced civil and bankruptcy litigator specializing in the representation of secured lenders and other creditors in complex suits and bankruptcies.

Client Alert

Library

Scarinci Hollenbeck remains committed not only to providing top-tier legal services but also to regularly providing information and resources to our client base and internet following. Client Alerts provided by our attorneys supply businesses, municipalities, and more with the latest and relevant legal updates that may impact them and how they might be able to proceed.

133-144 of 398

Will Revel Ruling Strip Property Tenant Rights or Not?

The new owner of Atlantic City’s Revel Hotel and Casino has been granted control of property tenant rights, a federal judge ruled on April 20. These tenants had appealed the court’s decision to allow the sale of Revel to Florida developer Glenn Straub, asserting that the transaction would deny tenant property rights. Rights of new Revel […]

Author: Joel R. Glucksman

May 13, 2015

Errors Causing Revel Casino's Downfall Brought To Light

Revel AC, Inc. recently filed a disclosure statement that revealed a string of errors that fueled Revel Casino’s Downfall. The property, which cost $2.4 billion to build, has filed for bankruptcy twice before ultimately being sold for $82 million. Not only was this sale price a fraction of its initial cost, Revel never turned a profit […]

Author: Joel R. Glucksman

May 11, 2015

C&A Marketing Snaps Up Assets of Bankrupt SkyMall

C&A Marketing Inc. announced on April 1 that it had purchased the physical assets and intellectual property of once-iconic in-flight catalog company SkyMall through a bankruptcy auction. C&A Marketing, a Ridgefield, New Jersey-based company that manufactures and markets a wide range of products, will pay $1.9 million to consummate the sale. Bankruptcy filing This follows […]

Author: Joel R. Glucksman

April 20, 2015

Corporate Bankruptcies Rise At Rapid Rate

Reuters reports that publicly traded corporate bankruptcies are at the highest level seen in five years. The article notes a divergence of opinion as to whether the cause is a more aggressive approach by lenders or the collapse of oil and commodity prices. The majority of these bankruptcies appear to be in the oil or […]

Author: Joel R. Glucksman

April 18, 2015

Fiscal Matters Coming To A Head For Puerto Rico

The New York Times’ Deal Book reports that Puerto Rico’s debt problems are reaching “a critical point.” According to the article, Puerto Rico cannot handle its existing debt load. Moreover, while American cities and municipal entities may use Chapter 9 of the Bankruptcy Code, American states and territories may not. Therefore, Puerto Rico has no […]

Author: Joel R. Glucksman

April 16, 2015

Scarinci Hollenbeck

Progress For Puerto Rico Utility

The Puerto Rico Electric Power Authority (“PREPA”) is at last making progress in attempting to resolve its finances. Bloomberg Business is reporting that, in negotiations between PREPA and its creditors, the creditors are proposing an interim plan that would diversify PREPA’s fuel sources and thereby stabilize its energy costs. In reaction, PREPA will formulate its […]

Author: Joel R. Glucksman

April 15, 2015

Scarinci Hollenbeck

Revel Casino Bankruptcy Turmoil Finally Over

The sale of Revel hotel and casino closed April 7, ending months of uncertainty, when Florida developer Glenn Straub paid $82 million for the property. The deal was completed shortly after noon, Straub’s lawyer told The Associated Press. Finalizing a deal The day before, U.S. Bankruptcy Judge Gloria Burns entered the final sale order, after […]

Author: Joel R. Glucksman

April 15, 2015

Judge Gloria Burns Approves Sale of Revel Casino

Federal Judge Gloria Burns approved the sale of Revel Hotel and Casino on Thursday, April 2, resulting in Florida developer Glen Straub purchasing the company’s assets for $82 million. At this price, Revel sold at a more than 96 percent discount from the $2.4 billion required to build the property, according to The Wall Street Journal. Resolution […]

Author: Joel R. Glucksman

April 13, 2015

RadioShack stores will live on after judge approves agreement

A federal judge recently approved an agreement under which RadioShack Corporation will continue to exist, but will slim its operations to 1,743 locations and 7,500 employees. This decision ended a period of uncertainty started when the troubled retailer filed for Chapter 11 bankruptcy earlier this year, according to The Wall Street Journal. Winning offer While many competitors […]

Author: Joel R. Glucksman

April 9, 2015

US Trustee Nominates Examiner for Caesar's Bankruptcy Proceeding

On March 23, a U.S. trustee requested that a judge approve a former Watergate prosecutor to serve as an examiner for Caesar’s Bankruptcy proceedings. This operating unit of Caesars Entertainment Corp. filed for Chapter 11 bankruptcy protection earlier this year, but only after participating in several transactions that drew substantial scrutiny, according to Reuters. Need […]

Author: Joel R. Glucksman

April 7, 2015

Yellow Cab Owner Files For bankruptcy Following $26 Million Verdict

The company that owns and operates Yellow Cab filed for bankruptcy March 18, after a jury in Cook County, Illinois, awarded a nearly $26 million verdict to a plaintiff who pursued legal action following a car accident in 2005. Yellow Cab presents itself as the oldest and largest taxi cab company in North America, according […]

Author: Joel R. Glucksman

April 2, 2015

Revel hearings postponed by request of parties in lawsuit

The Revel hearings were delayed March 16, shortly after multiple parties expressed an interest in revisiting a recent court ruling after a federal judge refused to authorize an $82 million sale. The troubled company has repeatedly failed to negotiate a transaction after filing for Chapter 11 bankruptcy in June. Series of failed deals Multiple potential […]

Author: Joel R. Glucksman

March 31, 2015

First
Previous
1
More
10
11
12(current)
13
14
More
34
Next
Last

Sign up to get the latest from our attorneys!

Explore What Matters Most to You.

Consider subscribing to our Firm Insights mailing list by clicking the button below so you can keep up to date with the firm`s latest articles covering various legal topics.

Stay informed and inspired with the latest updates, insights, and events from Scarinci Hollenbeck. Our resource library provides valuable content across a range of categories to keep you connected and ahead of the curve.