Richard A. Barkasy

Richard A. Barkasy: Attorney with Schnader Harrison Segal & Lewis LLP

Biography

A seasoned trial attorney and chair of the Creditors’ Rights and Business Restructuring Practice Group, Mr. Barkasy devotes a substantial portion of his practice to bankruptcy cases and handles a variety of complex commercial litigation matters. He is a member of the firm’s Executive Committee.

In addition, Mr. Barkasy is an adjunct professor of Bankruptcy, Products Liability, Secured Transactions, Business Organizations and Construction Law at Rutgers University School of Law-Camden.

Mr. Barkasy divides his time between the Firm’s Philadelphia and Wilmington offices.

AREAS OF EXPERIENCE

Bankruptcy and Creditors’ Rights
Mr. Barkasy represents financial institutions, corporations, colleges and universities, debtors and official and unofficial committees in Chapter 11 bankruptcy and reorganization cases. He also handles bankruptcy litigation and commercial loan foreclosures. Mr. Barkasy’s experience includes:
•Delaware counsel for senior secured lender in Fisker Automotive bankruptcy.
•Represented Ad Hoc committee of salaried retirees in the Hawker Beechcraft bankruptcy. Created fund to provide compensation for participants of terminated pension plan for salaried retirees.
•Obtained recognition of an Indonesian insolvency proceeding as counsel for an Indonesian shipping company as debtor in a Chapter 15 bankruptcy in New York.
•Representation of the Ad Hoc Committees of Consumer Victims, holders of over 1.25 billion of product liability personal injury claimants in the Chrysler and General Motors bankruptcies.
•Represented TD Bank with regard to 20 million construction loan in the bankruptcy of Delaware real estate developer. Prevented imposition of priming lien and obtained stay relief.
•Counsel to AK Steel Corporation in the New Jersey bankruptcy of a steel distributor. Discovery of fraudulent conveyance and breach of fiduciary duty claims resulted in substantial recovery for unsecured creditors and an award of attorneys’ fees for making substantial contribution to case.
•Counsel to Chapter 11 Trustee of public healthcare company in Delaware. Obtained confirmation of reorganization plan pursuant to which more than 50 million was distributed to public shareholders. Prosecuted breach of fiduciary duty claims against former Chairman and CEO.
•Represented a commercial bank with hotel mortgage in overturning a confirmation order on appeal in New Jersey bankruptcy.
•Represented a warehouse lender in a bankruptcy of a Long Island mortgage broker accused of double-hypothecation of collateral.
•Delaware co-counsel to the official retiree committees in the Intermet and Hayes-Lemmerz bankruptcies in Delaware.
•Represented a Pittsburgh-area construction company, Philadelphia paint manufacturer and South Jersey fast food franchisee as debtors in obtaining plan confirmation in Chapter 11 cases.
•Counsel to the University of Pennsylvania in the Enron bankruptcy.
•Representation of an equitable lien claimant in Mike Tyson’s bankruptcy.
•Counsel to NCR with respect to 21 million claim in New Jersey bankruptcy of armored car company.
•Represented an unsecured creditors’ committee in a New Jersey bankruptcy of an oil and lube franchisor.

Litigation
Mr. Barkasy has a wealth of commercial litigation experience, including the following:
Complex Commercial Cases - Represents clients in a wide variety of complex litigation matters in both federal and state courts, such as breach of fiduciary duty, directors and officers litigation, lender liability, fraudulent conveyance, trademark, antitrust and environmental cost recovery actions. His experience includes corporate litigation in the Delaware Chancery Court.
Employment - Represents corporations and senior executives in employment discrimination actions, breach of contract cases and restrictive covenant disputes.
Products Liability - Defense of claims involving diverse products such as helicopter engines, electrical equipment, MRI equipment, power tools and air bag components, as well as asbestos and benzene exposure actions.
Construction Industry - Counsel to owners, general contractors, construction managers and subcontractors in litigation concerning both public and private contracts.

COMMUNITY ACTIVITIES

•Chairman, Todd Baldino Memorial Scholarship Committee
•Gloucester Twp. Baseball, Executive Board, former President and Coach of the Year (2006)
•Executive Board, Coach and former Vice-President and Trustee, TBAA Soccer
•Executive Board and Coach of the Year (2003-04, 2008-09, 2009-10 and 2011-12)

Other Distinctions

•Noted as a "Pennsylvania Super Lawyer" in the area of bankruptcy and creditor/debtor rights, 2013-2018
•Rutgers School of Law - Camden, Adjunct Professor of the Year, 2014
•Listed in The Best Lawyers in America in the area of Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law, 2015-2019

No aspect of this advertisement has been approved by the Supreme Court of New Jersey. Further information on methodologies is available via these links.

News

08/15/2018
Schnader Attorneys Named to The Best Lawyers in America 2019

05/21/2018
Many Schnader Lawyers Named to PA Super Lawyers

09/20/2017
Schnader Attorneys Named to Super Lawyers 2017

08/15/2017
40 Schnader Attorneys Named to The Best Lawyers in America 2018

04/11/2017
Barkasy Quoted in "Bankruptcy Judge Shortage Could ’Cripple’ Delaware"

09/21/2016
Many Schnader Attorneys Named to Super Lawyers 2016

08/24/2016
Thirty-Seven Schnader Attorneys Selected for The Best Lawyers in America 2017

03/16/2016
Schnader Recognized with International Financial Law Review Award

08/17/2015
Thirty-Three Schnader Attorneys Selected for The Best Lawyers in America 2016

07/06/2015
Super Lawyers Recognizes Many Schnader Attorneys in 2015

04/30/2015
Partners Richard Barkasy and Christine Carty Named to Schnader’s Executive Committee

08/18/2014
Thirty-Two Schnader Attorneys Selected for The Best Lawyers in America 2015

07/03/2014
Super Lawyers Recognizes Many Schnader Attorneys in 2014

09/13/2013
Super Lawyers Recognizes Many Schnader Attorneys in 2013

06/15/2009
Schnader Attorneys Featured in Media Reports Regarding the On-Going Auto Bankruptcy Cases

06/03/2009
Schnader Team Representing Unsecured Creditors in the Chrysler and GM Bankruptcies are Highlighted in the Media

02/01/2006
Schnader Opens Delaware Office

Related Events

10/21/2013
John Armstrong Memorial Golf Classic

09/23/2011
Schnader Hosts the TAGLaw Northeastern Regional Conference

Articles

05/08/2017
"Will Merger-Challenge Suits Shift to New York After Gordon v. Verizon?"
02/15/2017
"Will other courts give ’disclosure only’ settlements closer scrutiny like Delaware?"

Alerts

06/07/2018
Daniel Pereira and Richard Barkasy Published “Supreme Court Says Creditors Must ‘Get It in Writing’"

Newsletters

Winter 2016-2017
Aviation Happenings
03/01/2006
Issues and Trends in New Jersey Law

Speaking Engagements

10/10/2018
A Roundtable Conversation on Chapter 11 Bankruptcy
02/15/2018
Sarah Hewitt, Richard Barkasy, and Megan Harmon Presented “Delaware - The Land of A Million of Corporations”
11/03/2016
Richard Barkasy Presented on Government Law
09/21/2016
Richard Barkasy Spoke at Landlord-Tenant Law Forum
09/14/2016
Richard Barkasy Presented Lorman Webinar
03/09/2016
Richard Barkasy Presented Ethics Webinar
06/10/2014
Rich Barkasy and Kevin Coleman Presented on Delaware Bankruptcy Practice
12/06/2013
Richard Barkasy and Barry Bressler Presented at PBI’s 17th Annual Real Estate Institute
07/26/2012
Schnader Attorneys Present CLE Seminar "Judgment Enforcement"
05/07/2012
Richard Barkasy Presents CLE Seminar "Collections: Seeking and Collecting a Judgment"
06/09/2010
Schnader’s Bressler and Barkasy Attend TMA’s 8th Annual Mid-Atlantic Regional Symposium
03/29/2010
Schnader’s Barkasy Speaks at Glass Association of North America Conference in Las Vegas
09/24/2009
Bankruptcy Implications in the New Economy, New Jersey Association of Corporate Counsel
08/25/2009
CLE Session: Judgment Enforcement in Delaware
09/23/2008
Continuing Education Seminar: Foreclosure and Reposession in New Jersey
05/02/2008
Conflict Issues and Multiple Representations
03/25/2008
Fundamentals of Consumer Bankruptcy
05/10/2007
Arbitration Clauses
04/19/2002
Getting the Project Complete and Paid for When the Contractor or Owner Is Insolvent

(Also at Philadelphia, Pennsylvania Office)

Areas of Practice (6)

  • Aviation
  • Business Services
  • Construction Industry Practice
  • Creditors' Rights and Business Restructuring
  • Financial Services Litigation
  • Higher Education

Education & Credentials

Contact Information:
215-751-2526  Phone
www.schnader.com
University Attended:
Dickinson College, B.A., 1985
Law School Attended:
Rutgers University School of Law, Camden, J.D., with honors, 1988
Year of First Admission:
1988
Admission:
U.S. District Court for the Eastern District of Pennsylvania; U.S. District Court for the District of Delaware; U.S. Court of Appeals for the Third Circuit; U.S. District Court for the District of New Jersey; U.S. District Court for the Western District of Pennsylvania; 2005, Delaware; 1988, New Jersey; 1988, Pennsylvania
Memberships:

Professional Affiliations

•Eastern District of Pennsylvania Bankruptcy Conference
•American Bankruptcy Institute
•Registry of Mediators for the United States Bankruptcy Court for the District of New Jersey

Birth Information:
1963
ISLN:
909254412
Payment Information:

    Peer Reviews

    • 4.4/5.0
    • A Martindale-Hubbell Peer Rating reflects a combination of achieving a Very High General Ethical Standards rating and a Legal Ability numerical rating.

    *Peer Reviews provided before April 15, 2008 are not displayed.

    Client Reviews

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    Disclaimer

    Documents (1)

    Documents by this lawyer on Martindale.com

    Wilmington, Delaware

    Contact Richard A. Barkasy

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