Nicholas F. Kajon Presents at Inaugural LF Dealmakers Forum
NEW YORK CITY, September 18, 2018 – Stevens & Lee’s Nicholas F. Kajon, Co-Chair of the firm’s Bankruptcy and Financial Restructuring Department and Co-Chair of the Litigation Finance and Alternative Funding Group, presented at the Inaugural LF Dealmakers Forum: Advancing Litigation Finance. Mr. Kajon spoke at the event on September 17, 2018, in New York City.
Mr. Kajon was a panelist for the session “Case Studies: MagCorp Bankruptcy and IP Litigation.” The panelists presented a case study on the use of litigation finance in a bankruptcy proceeding. The case covered was MagCorp, where Mr. Kajon closed a $26.2 million sale to Gerchen Keller Capital, LLC, n/k/a Burford Capital LLC, of the right to receive a portion of net recoveries on account of a bankruptcy trustee’s $213 million judgment against The Renco Group, Inc. and Ira L. Rennert, while the judgment was on appeal to the Court of Appeals for the Second Circuit.
Mr. Kajon has over 30 years of experience advising clients on financial restructuring, corporate governance and commercial litigation matters. He primarily represents debtors, hedge funds and trustees, and regularly represents lenders, buyers of distressed assets, investors, suppliers, directors and executives. His clients have included companies in industries such as retail, apparel, transportation, energy, manufacturing, technology, telecommunications, hospitality and services. Mr. Kajon also has significant experience representing plaintiffs and defendants in insolvency related litigation including claims involving preferences, fraudulent transfers, breach of fiduciary duty, wrongful redemption, declaration of illegal dividends, equitable subordination, recharacterization and veil-piercing.
Mr. Kajon has negotiated a number of multi-million dollar agreements with litigation funders pertaining to both insolvency and other commercial litigation claims, and has extensive contacts in the litigation finance industry. As a result, he and the lawyers in the Litigation Finance and Alternative Funding team can provide an end-to-end solution for clients seeking to assert litigation claims without committing their own capital.
Mr. Kajon has an LL.M. in Corporation Law from New York University School of Law, a J.D., cum laude, from New York Law School and a B.A. from Fordham University.