PROFESSIONALS
[]  Nicholas F. Kajon
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December 10, 2008

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Shareholder
Bankruptcy/Workout

New York
212.537.0403 
610.371.1223 fax
nfk@stevenslee.com

Nick concentrates his practice on bankruptcy, corporate reorganizations, insolvency, workouts and commercial litigation. He regularly advises buyers of distressed securities and distressed assets. Nick has significant experience representing debtors, lenders, committees, trustees, landlords, suppliers, directors and executives. His clients include companies in industries such as technology, telecommunications, apparel, transportation, energy, manufacturing, hospitality and services.

Nick currently leads the team representing Friedman's Inc. and Crescent Jewelers in their chapter 11 case in Delaware. Nick is currently representing RZB Finance LLP, a secured lender owed over $40 million, in the chapter 11 case of SemCrude, L.P. in Delaware. Nick recently served as conflicts counsel to Curative Health Services, Inc. in its prepackaged restructuring of $185 million in senior notes. He also recently assisted a charter aircraft company in its successful workout negotiations. In addition, Nick is currently representing the trustees of Alliance Bancorp (investigating claims against lenders to Alt-A mortgage banker), AlphaStar Insurance Group Limited (f/k/a Stirling Cooke Brown Holdings Limited) and Magnesium Corporation of America (manufacturer that defaulted on $150 million in bonds).

His debtor representations have included EAL (Delaware) Inc., an aircraft leasing company with over $500 million in secured debt; Cellular Information Systems, Inc., a public company with over $100 million in bank debt; govWorks, Inc., an e-government dot com company with $60 million in debt that was acquired by First Data Corp.; North American Energy Conservation, Inc., an energy trading company with $70 million in debt; Nathan’s Equity Group, L.P., which controlled Nathan’s Famous, Inc., a restaurant company; and apparel companies such as Biscayne Apparel, Inc. and Masterwear Corporation. His debtor representations also have included companies in the real estate, retail, service and mining industries.

In addition, Nick represented RZB Finance, a $45 million secured lender in the Bethlehem Steel case and RZB’s foreign affiliate, Raiffeisen Centrobank, in the Harnischfeger case. He has represented parties to license agreements and other executory contracts such as Ford Motor Company in Livent (U.S.) Inc., NFL Films, Inc. in Vestron, Inc. and Compuware Corporation in AG Systems, Inc. Nick also represented creditors in the Dana, Refco and Enron cases.

Nick's committee representations have included companies in the technology, biotech, manufacturing and financial services industries. His other creditor representations have included companies in the technology, apparel, retail, manufacturing, transportation, energy, hospitality, financial services and media industries.

Nick was a law clerk to the Honorable Tina L. Brozman, Southern District of New York. In law school, he was Articles Editor for the New York Law School Law Review.

Nick has served as a lecturer on bankruptcy-related topics for the Association for Corporate Growth and the Practicing Law Institute. He regularly writes on issues affecting bankruptcy practice. His articles have been published by the Commercial Law League of America, Bankruptcy Law360, Mondaq and others.

Education:
New York University School of Law, LL.M. in Corporation Law, 1985
New York Law School, J.D., cum laude, 1984
Fordham University, B.A., 1981

Bar Admissions:
New York

Court Admissions:
U.S. District Court for the Southern District of New York
U.S. District Court for the Eastern District of New York

Selected Publications:

Professional Associations/Civic Affiliations:
Association of Insolvency and Restructuring Advisors
American Bankruptcy Institute
New York State Bar Association
Turnaround Management Association

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