Legality of the Leveraged Lending Guidance is Questioned
Limits on Creditors’ Remedies Against Solvent Debtors Echoed in the Quadrant Litigation
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On August 22, 2012, The New York Times published an obituary for Kramer Levin Land Use counsel Sandy Lindenbaum. The obituary traced Mr. Lindenbaum’s career – from his start in 1960 as part of his father’s firm, Lindenbaum & Young in Brooklyn, to his time at Kramer Levin, which he joined as counsel in 2002. Noted was Mr. Lindenbaum’s “scholar’s knowledge” of New York’s Zoning Resolution, which led to his cultivation of a list of high-profile New York builder and landowner clients, including Harry B. Helmsley, Harry Macklowe and Donald J. Trump; the Tisches and Fishers; and the Metropolitan Museum of Art and Museum of Modern Art. Land Use partner Michael T. Sillerman, who worked with Mr. Lindenbaum for more than 30 years, was quoted as saying “His edge was his brilliance and creativity in statutory interpretation.” Land Use partner Gary R. Tarnoff, who worked with Mr. Lindenbaum since 1988, recalled being interviewed by Sandy, as he was known to friends and industry associates alike. Mr. Tarnoff said “He said that he expected phone calls returned within the hour, and that’s how he lived his life.”