Richard A. Barkasy
Firm:
Schnader Harrison Segal & Lewis LLP
Phone:215-751-2526
Address: 824 N. Market Street, Suite 800
Wilmington, DE 19801

Membership: 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
University: Dickinson College, B.A., 1985, Rutgers University School of Law, Camden, J.D., with honors, 1988
Admitted: 1988, Pennsylvania; 1988, New Jersey; 2005, Delaware; U.S. District Court for the District of New Jersey; U.S. District Court for the District of Delaware; U.S. District Court for the Eastern District of Pennsylvania; U.S. District Court for th
Biography: A seasoned trial attorney and co-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. In addition, Mr. Barkasy is an adjunct professor of Bankruptcy, 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 EXPERIENCEBankruptcy and Creditors' Rights Mr. Barkasy represents financial institutions, corporations, 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, 2013-2015 •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, 2015-2016 Events10/21/2013 John Armstrong Memorial Golf Classic 09/23/2011 Schnader Hosts the TAGLaw Northeastern Regional Conference News08/17/2015 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 PublicationNewsletters03/01/2006 Issues and Trends in New Jersey Law Speaking Engagements06/10/2014 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)