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IDEA Boardwalk LLC v. Revel Entmt Grp. (In re Revel AC Inc.)

IDEA Boardwalk LLC v. Revel Entmt Grp. (In re Revel AC Inc.)

Ruling
Tenants holding true leases retained lease rights despite sale of debtor landlord's assets.
Issue(s)
Were debtor's agreements with tenants true leases that would entitle tenants to protections afforded by § 365(h) or memorializations of some other form of contractual relationship that would allow debtor to reject the agreements?

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Commercial opinion summary, case decided on June 24, 2015 , LexisNexis #0715-118