- Leonard M. Rosen, a founder of New York law firm Wachtell, Lipton, Rosen & Katz.
Leonard M. Rosen, a founding partner of elite New York law firm Wachtell, Lipton, Rosen & Katz, has died.
The influential bankruptcy lawyer passed away on Wednesday, April 16, at the age of 83 years, according to the firm. A consensus-builder, he helped pull New York City back from the brink of fiscal collapse in the 1970s and, during the 1980s government bailout of Chrysler Corp., forged an agreement between the company and its creditors that allowed the cash-strapped automaker to survive.
“When it was over, the financial institutions gave him a memento with a glass block and a gold sword—Excalibur,” Harvey Miller, a bankruptcy partner at Weil, Gotshal & Manges LLP and longtime friend of Mr. Rosen’s, told Law Blog. “He was the only one who could pull that sword out.”