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Jason S. Rappaport

Jason S. Rappaport

Of Counsel


Direct: (212) 641-0840

Fax: (212) 641-0820



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Jason S. Rappaport has provided transactional and litigation counsel to a variety of stakeholders in Chapter 11 reorganizations and out-of-court corporate and financial restructurings.  In addition, he has experience pursuing claims and defended parties in complex adversary proceedings, including on behalf of plaintiffs and defendants in avoidance and recovery litigation under the Bankruptcy Code.  Current and former clients include secured and unsecured creditors, equity holders, official and ad hoc committees, hedge funds and other distressed investors, indenture trustees, claims traders, litigants in preference and fraudulent conveyance actions, directors, and representatives of foreign insolvency proceedings.  Jason is also an avid photographer, whose work has appeared in and  Before joining Frejka PLLC, Jason previously practiced at Kramer Levin Naftalis & Frankel LLP in the bankruptcy and restructuring department. 

Representative Matters

Some of the many matters Jason has handled recently include:


SPORTS AUTHORITY HOLDINGS, INC. - Counsel to the Fee Examiner

SFX ENTERTAINMENT, INC. - Counsel to Consumer Privacy Ombudsman


THE GREAT ATLANTIC & PACIFIC TEA COMPANY, INC - Counsel to Consumer Privacy Ombudsman


RADIOSHACK CORP. – Counsel to Consumer Privacy Ombudsman


BERNARD L. MADOFF INVESTMENT SECURITIES, LLC – Ongoing representation of numerous defrauded Madoff investors with respect to their rights in connection with the clawback litigation brought against them under the Bankruptcy Code and the Securities Investor Protection Act.


PUERTO RICO – Represented certain holders of municipal bond issued by the Puerto Rico Electric Power Authority (PREPA) in a litigation commenced against PREPA, the Commonwealth of Puerto Rico, Governor Alejandro J. Garcia, and the Government Development Bank for Puerto Rico, challenging the constitutionality of an act recently passed by Puerto Rico establishing a means for certain municipalities and public corporation (including PREPA) to restructure their debts.


LYONDELL CHEMICAL COMPANY – Represented a former shareholder of LyondellBasell Industries in connection with the fraudulent conveyance actions seeking to recover amounts paid to former shareholders relating to the failed leveraged buyout of Lyondell by Basell AF S.C.A.


EASTMAN KODAK COMPANY – Represented several large holders of unsecured debt that served as backstop commitment parties in connection with the company’s $406 million equity rights offering, which served as the cornerstone of Kodak’s plan of reorganization, enhanced recoveries of unsecured creditors and helped facilitate the confirmation process.


LEHMAN BROTHERS HOLDINGS, INC. – Represented swap counterparties in connection with termination claims against Lehman Brothers Holdings, Inc.


LEHMAN BROTHERS, INC. – Represented the bankruptcy trustees appointed in the insolvency proceeding of Lehman Brothers Securities N.V. in connection with the resolution of certain customer claims filed against Lehman Brothers, Inc.


CAPMARK FINANCIAL GROUP, INC. – Represented the Official Committee of Unsecured Creditors of Capmark Financial Group, Inc. (commercial real estate lender and loan servicer) in connection with multiple complex asset sales, and formulating and negotiating a comprehensive plan of reorganization.


LAS VEGAS MONORAIL – Represented approximately 70% of the $500 million of first tier secured bondholders in the Las Vegas Monorail Company chapter 11 bankruptcy case.


SMURFIT-STONE CONTAINER CORPORATION – Represented the Official Committee of Unsecured Creditors of Smurfit- Stone Container Corporation (manufacturer of paperboard and paper-based packaging products), including negotiating a plan of reorganization allocating 95.5% of the Smurfit-Stone’s equity to unsecured creditors, appointing a new board of directors, and implementing a revised management compensation plan. 

Bar Admissions

State of New York

Supreme Court of the United States

Southern District of New York

Eastern District of New York



Fordham University School of Law,

Juris Doctor (2008)


University of Florida,

Masters of Accounting (2004)


University of Florida,

Bachelor of Science in Accounting (2004)



Professional Certifications

Certified Public Accountant (Registered),

State of Illinois (2005) 


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