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Sven T. Nylen

Partner
+1.312.781.7235
Fax +1.312.345.9979
Mr. Nylen is a partner in the Chicago office and focuses his practice on restructurings, workouts, bankruptcies, and other insolvency-related matters. Mr. Nylen has represented distressed borrowers, secured lenders, creditors’ committees, chapter 7 and 11 trustees, and asset purchasers in connection with both transactional and litigation matters in a variety of contexts, including federal bankruptcy proceedings, state court receiverships and foreclosures, Uniform Commercial Code foreclosure sales, assignments for the benefit of creditors, and out-of-court workouts. He has significant experience representing bankruptcy trustees in Ponzi schemes cases, including the prosecution of fraudulent transfer litigation. Mr. Nylen also advises clients with respect to the structuring of credit facilities and other transactions involving distressed situations.

Professional Background

Prior to joining K&L Gates, Mr. Nylen worked in the restructuring group of a large international law firm in Chicago.

Professional/Civic Activities

  • American Bankruptcy Institute
  • Turnaround Management Association
  • Counsel to the Official Equity Committee in the chapter 11 case of fintech startup JMO Wind Down, Inc. (f/k/a Jumio) in the U.S. Bankruptcy Court for the District of Delaware.
  • Counsel to the chapter 11 trustee of Buckingham Oil Interests, Inc., an oil and gas exploration and production company with assets in 11 states, in a successful recapitalization and reorganization in the U.S. Bankruptcy Court for the District of Massachusetts.
  • Counsel to the chapter 11 trustee appointed in the LLS America bankruptcy in the U.S. Bankruptcy Court for the Eastern District of Washington, involving the resolution of a $137 million Ponzi scheme through a liquidation plan and mass prosecution of fraudulent transfer actions.
  • Counsel to the chapter 11 trustee appointed in the Meridian Mortgage Investors Funds bankruptcy in the U.S. Bankruptcy Court for the Western District of Washington, involving the resolution of a $200 million Ponzi scheme through a liquidation plan and subsequent post-confirmation litigation.
  • Counsel to specialty retailer Brookstone Company, Inc. and its affiliates in connection with their successful chapter 11 reorganization in the U.S. Bankruptcy Court for the District of Delaware.
  • Counsel to OMX Timber Finance Investments II, LLC in connection with the resolution of its $845 million claim in the Lehman Brothers bankruptcy in the U.S. Bankruptcy Court for the Southern District of New York.
  • Counsel to Universal Building Products, Inc. and its affiliates, previously one of the largest privately-owned concrete form and accessory manufacturing businesses in North America, in connection with their chapter 11 cases in the U.S. Bankruptcy Court for the District of Delaware.
  • Counsel to Patriot Homes, Inc. and its affiliates, previously one of the largest U.S. producers of modular housing, in connection with their chapter 11 cases in the U.S. Bankruptcy Court for the Northern District of Indiana.
  • Counsel to Sun Container, Inc. and its affiliates (n/k/a SCI Box LLC), a manufacturer of corrugated and solid board boxes, in connection with their chapter 11 cases in the U.S. Bankruptcy Court for the Northern District of Illinois.
  • Counsel to Jillian’s Entertainment Holdings, Inc. and its affiliates, previous operators of 35 multi-venue dining and entertainment complexes, in connection with their chapter 11 cases in the U.S. Bankruptcy Court for the Western District of Kentucky.
  • Counsel to the Official Committee of Unsecured Creditors of Kentuckiana Medical Center, LLC, operator of an acute care medical facility, in the U.S. Bankruptcy Court for the Southern District of Indiana.
  • Counsel to the Official Committee of Unsecured Creditors of Trident Water Works, Inc., a wholesale distributor specializing in selling pipe, fitting, and valve products, in the U.S. Bankruptcy Court for the Western District of Washington.
  • Counsel to the Official Committee of Unsecured Creditors of Manchester, Inc. and its affiliates, operators of “buy-here, pay-here” automobile dealerships, in the U.S. Bankruptcy Court for the Northern District of Texas. Subsequently represented the Litigation Trustee appointed in the Manchester case.
  • Counsel to the Liquidating Trustee appointed in the chapter 11 bankruptcy cases of Charys Holding Company, Inc. and Crochet & Borel Services, Inc. in the U.S. Bankruptcy Court for the District of Delaware.
  • Counsel to American Chartered Bank in connection with foreclosure proceedings, including the appointment of a receiver, involving borrowers operating a wholesale seafood distribution business in Chicago, Boston, and Seattle. After certain trade vendors filed an involuntary bankruptcy petition against the borrowers, American Chartered obtained relief from the automatic stay to conduct a U.C.C. auction and sale of substantially all of the borrowers’ assets.  
  • Counsel to an investment fund in connection with the acquisition and subsequent restatement of a loan facility of an operator of several radio stations.