Andrew Stein, the ex-president of the New York City Council, was ordered to repay more than $30,000 to Joseph H. Flom of Skadden, Arps, Slate, Meagher & Flom for a loan Mr. Stein defaulted on in September. The no-interest loan was made in July by Mr. Flom, one of the city’s leading mergers and acquisitions lawyers. In a decision last week, Manhattan Supreme Court Justice Eileen Rakower ordered that judgment be entered against Mr. Stein for the full amount of the loan, plus costs, after the former politician failed to make an appearance or answer the complaint.
The loan, the purpose of which could not be determined from court records, came at a time when tax authorities were pursuing Mr. Stein. The New York Department of State lists nearly $338,800 in tax warrants since 2008 against him, while the Internal Revenue Service also has placed $1.3 million in tax liens against his property over the last three years.
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