Practice Areas
Honors
Education
J.D., Hofstra University, 1993
- Notes and Comments Editor, Hofstra Labor Law Journal
B.A., Hofstra University, 1990
Bar & Court Admissions
- New York, 1993
- New Jersey, 1994
- Connecticut, 1998
- U.S. District Court, Southern, Eastern and Northern Districts of New York, 1998
Adam regularly represents clients in all aspects of bankruptcy and insolvency proceedings, reorganization transactions, and financing transactions across the capital structure. Adam also advises clients on strategies to navigate financial distress and market uncertainty and regularly assists investors looking to capitalize on opportunities being created by special situations and market disruption. Adam regularly represents private equity and investment funds, borrowers, issuers, creditors and distressed investors in a wide range of transactions, special situations and distressed debt investments, including acquisition financings and restructuring transactions.
Adam is also a leader in Olshan’s Loan Restructuring and Distressed Real Estate Group and represents clients in connection with commercial, CMBS and mezzanine loan restructurings and litigation. Adam has substantial experience in both out-of-court and in-court restructuring matters for clients based in the United States and abroad. He also counsels parties with respect to fiduciary duties, director and officer liability, liability management, fraudulent conveyance and similar issues related to corporate transactions and insolvency proceedings.
Adam is regularly recognized as a leading restructuring lawyer in Super Lawyers and was recently recognized in Global M&A Network’s list of Top 100 Restructuring Professionals, an annual award that features industry leading consultants, investment bankers, and lawyers from the restructuring, distressed M&A, and insolvency communities and is “the world’s most prestigious award honoring the best value-creating transactions, outstanding firms, professionals, and leaders from the global restructuring, insolvency, and distressed investing communities."
Adam is a member of the American Bankruptcy Institute, is on the Bankruptcy & Restructuring Advisory Board of Thomson Reuters Practical Law, and is an Editor of The Bankruptcy Strategist, a leading bankruptcy law publication.
Professional & Community Affiliations
American Bankruptcy Institute
New York State Bar Association
Debtor Representations
- Town Sports International, LLC (New York Sports Clubs)
- Leading Bitcoin mining operator in out of court restructuring with lenders and bondholders
- Largest franchisee of metro area national restaurant brand in successful out-of-court COVID restructuring with lenders, franchisor, multiple landlords and bridge financing
- Novation Companies, Inc., NovaStar Mortgage, LLC and affiliates . (Winner of the M&A Advisor 2017 Distressed M&A Deal of the Year)
- F&H Acquisition Corp and its affiliates , the owners of the Fox and Hound, Bailey’s Sports Grille and Chammps restaurant chains
- Jennifer Convertibles, Inc.
- Madison 92nd Street Associates, LLC, the owner of a 226-room Courtyard Marriott hotel in Manhattan, in its Chapter 11 case in connection with the sale of the hotel and confirmation of a Chapter 11 plan.
- 56 Milbank LLC, owner/builder of luxury townhouses located in Greenwich, Connecticut, in chapter 11 case.
- Represented public gaming company with negotiations and out-of-court restructuring of bond debt.
Bondholder and Lender Representations
- Represent bondholders in: Sears Holdings Corp., Toys R Us, J. Crew, Caesars Entertainment, Helios & Matheson, Gulfmark Offshore, Rand Logistics, Inc., SunEdison Inc; Endeavor Oil; Magnum Hunter Resources; Sabine Oil & Gas; MBIA; Tronox, Inc.; ESP Resources; Foamex Inc., University General Hospital Systems; UGHS Senior Living Inc.
- Step One Credit Agreement Lenders in Tribune Company Chapter 11 proceedings.
- DIP Lender and purchaser of assets in Scoobeez Inc.
- DIP Lender and purchaser of assets in Delivery Agent, Inc. et al.
- DIP lender and purchaser of assets in Retail Pro, Inc.
- DIP lender and purchaser of assets in Badanco Enterprises, Inc.
- Tranche B DIP Lenders in Global Capacity Group, Inc.
- Second Lien Lenders in chapter 11 cases of Sportco Holdings, Inc., et al. in their chapter 11 cases
- Second lien lenders in New Century Transportation, Inc./ Western Freightways, Inc.
Distressed Investing/Distressed Real Estate
- Ad Hoc Committee of Preferred Shareholders of Washington Prime Group Inc. and affiliates (Winner of 14th Annual Turnaround Atlas Awards Chapter 11 Restructuring of the Year).
- Representing VS 125, LLC, in multi-faceted commercial foreclosure dispute and restructuring involving senior and mezzanine loans in New York State Supreme Court concerning luxury residential real estate development located at 125 Greenwich Street in Manhattan.
- Bristol Investment Fund, Ltd., as purchaser of Sugarfina, Inc. and affiliates, in their chapter 11 cases.
- Acorn Street Capital in connection with chapter 11 exit financing of THG Hotel LLC.
- Surrey Realty Associates, LLC, the ground lessor, in the bankruptcy proceedings of The Surrey Hotel, premier Upper East Side NYC hotel.
- Purchaser of 100-104 Fifth Avenue from the bankruptcy estate of Rock US Holdings Inc.
- Purchaser of Nashville, TN commercial building from the bankruptcy estate of Gibson Brands, Inc.
- Perry Ellis International, Inc. as purchaser of real estate assets in the chapter 11 case of Fred’s Inc.
- Team Greene LLC, the senior secured lender by assignment of senior mortgage loan, in connection with the acquisition out of bankruptcy of a 92,000 s.f. mix-use residential and commercial building in Brooklyn, New York.
- Shopping center owner/borrower in connection with a large CMBS loan restructuring and A/B note restructuring transaction between client, rescue finance partner and the special servicer.
- Hotel Owner ins CMBS litigation against special servicer and ultimate restructuring transactions with rescue investor.
- Purchaser of a $60 million real estate loan against Miami hotel debtor in bankruptcy and foreclosure proceedings.
- Investors in pre-packaged Chapter 11 case of Isologen, Inc., which restructured approximately $90 million of debts and issued SEC registration exempt "equity for debt" securities under the Plan.
Official Creditor’s Committee
- Official Committee of Musicland Holding Corp.
- Official Committee of KB Toys Inc.
- Official Committee of Unsecured Creditors of Vermillion, Inc.
- Official Committee of Unsecured Creditors of Nova Biosource Fuels, Inc., et al.
- Official Committee of Unsecured Creditors of Accentia Biopharmaceuticals, Inc., et al.
Media Mentions/News
- June 7, 2023
- May 8, 2023
- October 1, 2022
- September 29, 2022
- July 26, 2022
- February 2, 2022
- October 13, 2021
- October 1, 2021
- March 29, 2021
- March 2, 2021
- December 4, 2020
- October 28, 2020
- November 19, 2019
- November 5, 2019
- October 28, 2019
- September 12, 2019
- August 26, 2019
- March 12, 2019
- November 26, 2018
- September 19, 2018
- August 10, 2018
- May 14, 2018
- December 22, 2017
- December 11, 2017
- September 20, 2017
- July 21, 2017
- April 5, 2017
- September 21, 2016
- July 21, 2016
- March 7, 2016
- October 26, 2015
- September 16, 2015
- October 24, 2014
- September 23, 2014
- August 13, 2014
- June 3, 2014
- March 24, 2014
- February 28, 2014
- February 10, 2014
- December 16, 2013
- September 13, 2013
- September 10, 2013
- May 23, 2013
- February 19, 2013
- January 15, 2013
- September 20, 2012
- June 1, 2012
- May 21, 2012
- October 4, 2011
- September 21, 2011
- December 8, 2010
- October 1, 2010
- October 21, 2009
- October 5, 2009
- September 30, 2009
- July 15, 2009
- September 5, 2008
- March 28, 2008
Speaking Engagements
- June 1-3, 2023New York, NY
- February 2, 2022Virtual Panel/Webinar
- March 29, 2021Webinar
- November 26, 2018New York
- May 8, 2013
- December 13, 2010
- Distressed Real Estate: Strategies and Opportunities Breakfast Panel DiscussionNovember 2010Sponsored by Olshan and KPMG
- March 11, 2009
Publications
- May 2018The Bankruptcy Strategist, Volume 35, Number 7
- April 2016Practical Law
- March 2016The Bankruptcy Strategist Volume 33, Number 5
- October 24, 2014BNA Insights (Vol. 26, No. 41)
- May 2010
- Pension Plan Termination Premiums in BankruptcyAugust 2009Bankruptcy Strategist, Vol 26, No. 10
- Anti-Suit Injunctions: Is the Best Defense a Strong Offense?June 2007The Bankruptcy Strategist (Co-Author)
- Enron v. Wall Street: Aiding and Abetting Breach of Fiduciary DutyDecember 2003Bankruptcy Strategist, Vol. 21, No. 2
- Limits on Avoidance Actions: In re CybergenicsOctober 2002Bankruptcy Strategist, Vol. XIX, No. 12
- Representing Creditors' Committees in Health Care-Related Bankruptcy CasesJune 2000Bankruptcy Strategist, Vol. XVII, No. 8
- Successor Liability in Distressed Asset SalesOctober 1999Bankruptcy Strategist, Vol. XVI, No. 12
- Application of the Section 502(b)(6) Cap to Lease Guarantors1999Shopping Center Legal Update, Vol. 19, Issue 3
- Rethinking Default Protections & Risk Shifting StrategiesJuly 1999Bankruptcy Strategist, Vol. XVI, No. 9 (Co-Author with Hon. Joel Lewittes)
- Application of the Work Product Privilege to Bankruptcy Trustee's: A Catch 22?February 1999Bankruptcy Strategist, Vol. XVI, No. 4
- Valuation of Collateral in BankruptcyMarch 1998Leader's Equipment Leasing, Vol. XV11
- Bankruptcy Code, Not State Law, Governs Preference PeriodFebruary 1998Bankruptcy Strategist, Vol. XV, No. 4
- Insider Claims Trading: In re Papercraft Corp. RevisitedNovember 1997Bankruptcy Strategist, Vol. XIV, No. 13
- Are the Vulture Investors Circling Yet?September 1997Real Estate New York
- Leader's Equipment Leasing NewsletterJuly 1997Vol. XVI, No. 7, July 1997
- Liens in Bankruptcy, Now You See Them...July 1997Bankruptcy Strategist, Vol. XIV, No. 9
Articles & Alerts
- July 2022
- November 2021
- January 2021
- May 2020
- March 2020
- February 2020
- January 2020
- October 27, 2017
- January 23, 2017
- October 2, 2015
- August 2015
- September 11, 2014
- August 7, 2014
- May 22, 2014
- February 2014
- October 2013
- January 2013The Bankruptcy Strategist
- July 2012
- June 2012
- June 2012
- March 2012
- February 2012
- August 2011
- May 2011
- May 2011
- February 2011
- February 2010
- January 2006
Press Releases
- September 29, 2022
- November 4, 2021
- October 1, 2021
- October 28, 2020
- September 12, 2019
- September 17, 2018
- September 20, 2017
- September 21, 2016
- September 16, 2015
- September 23, 2014
- September 13, 2013
- September 20, 2012
- June 5, 2012
Olshan Real Estate Law Blog
Securities Law Blog