Legal Opinion
Idea Boardwalk, LLC v. Revel Entm't Grp., LLC (In Re Revel Ac Inc.)
Court of Appeals for the Third Circuit
Decided November 30, 2018No. 17-3607PublishedCited by 5 opinions
1Opinion of the Court
AMBRO, Circuit Judge We determine whether the operator of two nightclubs and a beach club at the Revel casino in Atlantic City, New Jersey, may reduce its outstanding rent obligations based on "recoupment" payments that the initial owner of the casino-Revel AC, Inc.-agreed to make under a complex commercial lease before it filed for Chapter 11 bankruptcy. The Bankruptcy Court and District Court both held that the nightclub operator is permitted to reduce its rental obligations under a tenant-protective provision of the Bankruptcy Code, 11 U.S.C. § 365 (h), and the doctrine of equitable…
2Cases cited10 opinions
- Lee v. SchweikerCourt of Appeals for the Third Circuit · 1984
- In Re Revel AC, Inc.Court of Appeals for the Third Circuit · 2015
- In Re Trans World Airlines, Inc.Court of Appeals for the Third Circuit · 2003
- In Re Luisa V. AnesCourt of Appeals for the Third Circuit · 1999
- Folger Adam Security, Inc. v. Dematteis/Macgregor, JvCourt of Appeals for the Third Circuit · 2000
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3Cited by5 opinions
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- In Re: PES Holdings, LLCDistrict Court, D. Delaware · 2021
- Katz v. FM Construction Group, LLCUnited States Bankruptcy Court, D. New Jersey · 2023
- Mohawk Drive Corp.United States Bankruptcy Court, D. Massachusetts · 2024
- Mohawk Drive Corp.United States Bankruptcy Court, D. Massachusetts · 2024