Mr. Stone has more than 30 years of experience representing banks, financial institutions, private equity funds, industrial companies and other entities in licensing and regulatory matters, syndicated and private financings, mergers and acquisitions, restructurings and workouts, and other transactions, ranging from a few million dollars to more than a billion dollars.
Representative Experience
Represented a U.S. subsidiary of DaimlerChrysler in a series of divestitures of financial services businesses aggregating in excess of $2 billion.Represented numerous domestic and foreign banks and financial institutions in connection with licensing and regulatory matters and advice on state and federal banking and securities laws.
Represented the Examiners in the Revco and Interco bankruptcy cases. Both engagements involved a comprehensive investigation and analysis of the facts and legal and economic issues, including possible claims relating to corporate statutes, fiduciary duties of directors, fraudulent conveyance theories and negligence, surrounding a highly leveraged transaction in which multiple layers of debt valued in the hundreds of millions of dollars were issued. The resulting multi-volume Examiner's reports have been widely recognized as major works in the area.
Represented JPMorgan Chase Bank, as agent bank, with respect to claims arising out of the Enron bankruptcy.
Represented numerous banks from the United States, Japan and Europe, both as agent for a syndicate and as a lender, in connection with secured and unsecured credit facilities.
Represented Tailwind Capital Partners in the financing of the acquisition of Aircast, a multinational manufacturer of orthopedic devices.
Represented State Street Bank and Trust Company in forming CitiStreet, a $600 million joint venture with Citigroup involving a retirement benefit services business.
Represented Pitney Bowes in the $800 million sale of Colonial Pacific Leasing Corp. to General Electric Capital Corporation.
Represented a major beverage distributor in forming a joint venture with Heineken and Miller Brewing Company with respect to distribution in the New York metropolitan area.
Represented a major chemical company in the successful defense of a hostile takeover attempt by GAF through a leveraged recapitalization and related divestitures, financings and restructurings, including the $800 million sale of the company's home and automotive business and the $1.4 billion sale of its battery business.
Acted as lead outside counsel for Pension Benefit Guaranty Corporation with respect to various bankruptcies and restructurings, including TWA, Northwest, United Air Lines, U.S. Airways, Delta Air Lines and Delphi.
Represented a Fortune 100 company in the divestiture of a multinational bar coding and marking business.
Represented a Fortune 500 company in a tax-free acquisition of a New York Stock Exchange-listed facilities management company.
Represented the bidder in the successful hostile takeover of seven publicly traded banking institutions.
Represented the target in the interstate merger of two New York Stock Exchange-listed bank holding companies.
Memberships & Associations
Society of Corporate Secretaries and Governance ProfessionalsInstitute of International Bankers
The Securities Transfer Association, Inc., Legal Committee
Japan Society
American Bar Association, Business Law Section
Honors & Awards
Listed in "New York Super Lawyers," Manhattan edition.Listed in Who's Who in America, Who's Who in the World, Who's Who in American Law and Who's Who in the East.
