Revel AC, Inc. (2014) Bankruptcy New Filing Alert: Opinion Regarding Motion For Authority To Reject Agreements

On June 24, 2015, an opinion regarding motion for authority to reject agreements was filed in the bankruptcy case of Revel AC, Inc. (2014) and its affiliates.

The filing was assigned docket number 29 and is described on the court’s official docket as follows:

Opinion-Summary: After Tenants’ leases were rejected, a cross motion was filed, seeking clarification of the Tenants’ rights under section 365(h) of the Bankruptcy Code. The Court ruled that the Tenants hold true leases and retain their possessory rights. Furthermore, the Court preliminarily enjoined the landlord from interfering with Tenants’ rights to use, possession, and quiet enjoyment of the premises, so long as Tenants act in compliance with local, state and federal regulations (related document:[6] Amended Complaint filed by Plaintiff Idea Boardwalk, LLC).. Service of notice of the entry of this order pursuant to Rule 9022 was made on the appropriate parties. Signed on 6/24/2015 (wir)

Revel AC, Inc. (2014) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on June 19, 2014. The bankruptcy case is pending before the United States Bankruptcy Court for the District of New Jersey. The case number for the lead bankruptcy case is 14-22654. The bankruptcy case is currently assigned to United States Bankruptcy Judge Gloria Burns. The law firm of White & Case, LLP is acting as lead bankruptcy counsel to Revel AC, Inc. (2014) in the bankruptcy case.


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