David S. Stone

Partner/Chair

David is chair of the firm’s Corporate & Securities practice group and co-chair of the Cross-Border and International practice group. For over 30 years, David has advised management and boards of directors of public and private companies throughout the country and as U.S. counsel for international clients, in complex corporate transactions, securities offerings and governance matters, as well as day-to-day general corporate, securities compliance and executive compensation matters. Having previously served as the acting general counsel of a publicly held company and having directed them through a transformational transaction and byzantine tax issues, he also frequently serves as outside general counsel to his clients.

David represents issuers in registered public equity and debt offerings (including initial public offerings, primary and secondary offerings and rights offerings) and public and private placements of equity and debt securities, as well as investors and borrowers in private equity and venture capital investments.

David’s clients span a broad range of industries – energy, mining, insurance, technology, manufacturing and many more – and he provides strategic counsel to their officers and directors on mergers, acquisitions, divestitures, dispositions, public and private tender offers and proxy contests. He has significant experience helping clients develop and implement effective strategies to overcome the multifaceted challenges in seeking to preserve and monetize net operating losses (NOLs).

David has a rare ability to build an extraordinary level of trust with clients based on his strong technical skills and his devotion to understanding every aspect of their operations, competitive environments and long-term objectives. This comprehensive approach enables him to develop strategies tailored to each distinct set of circumstances and navigate his clients through the numerous challenges and opportunities they encounter throughout the life cycle of their businesses. According to his clients, “He understands and does a very effective job of managing the day-to-day governance issues and the various matters that come up during the year.” David “provides excellent advice and counsel from a practical as well as legal point of view,” and “he thinks like a business leader, so he is that much more valuable.”

David has been recognized in Chambers USA: America’s Leading Lawyers for Business (recommended in “Corporate/M&A & Private Equity”) in every year since 2010, and in Chambers USA’s Energy: Mining & Metals (Transactional) Nationwide and Global categories, since their respective introductions in 2016 and 2017. In the words of David’s clients, “His representation is comprehensive and always on point. We depend upon him for business as well as legal advice, and he has never disappointed us.

David has been involved in a large number of significant transactions involving publicly-held companies, many of which have been for long-time clients, including the following transactions:

  • Goldcorp Inc. in its $250 million acquisition of Exeter Resource Corporation in a negotiated public tender offer and second step plan of arrangement;
  • Goldcorp Inc. in its $400 million acquisition of Kaminak Gold Corporation;
  • Equity Group Investors in its bridge financing of Par Pacific Holding’s acquisition of Wyoming Refining Company and related registered rights offerings;
  • Goldcorp Inc. in its $1.0 billion public debt offering;
  • Goldcorp Inc. in its $2.6 billion hostile take-over bid for Osisko Mining Corp.;
  • Covanta Holding Corporation in its four recent public debt offerings of $400 million each;
  • Goldcorp Inc. in its $224 million and $44 million secondary offerings of common shares of Primero Mining Corp.;
  • Zell Credit Opportunities Fund as a lead investor in a $200 million PIPE investment in Par Petroleum Corporation;
  • Allied Nevada Gold Corp. in its $150.5 million common stock "bought deal" underwritten public offering;
  • Goldcorp Inc. in its $3.6 billion acquisition of Andean Resources, Ltd.;
  • Goldcorp Inc. in its contested acquisition of Canplats Resources Corporation following a bidding contest with Minera Penmont, S. de R.L. de C.V., a company jointly owned by Fresnillo PLC and Newmont USA Limited, a subsidiary of Newmont Mining Corporation;
  • Allied Nevada Gold Corporation in its $400 million "bought deal" Rule 144A high yield debt offering;
  • Goldcorp Inc. in its $1.5 billion acquisition of Gold Eagle Mines, Ltd.;
  • Glamis Gold Ltd. in its acquisition by Goldcorp Inc. for $8.6 billion in a merger that formed one of the largest gold mining companies in the world;
  • Glamis Gold Ltd. in its $1.3 billion acquisition of Western Silver Corporation;
  • Glamis Gold Ltd. in its $3.7 billion cross-border, hostile tender offer and proxy fight for Goldcorp Inc.;
  • Glamis Gold Ltd. in its acquisition of Francisco Gold Corp.;
  • TeleTech Holdings Inc. in its purchase of the eLoyalty U.S. business from Mattersight Corporation;
  • Tahoe Resources Inc. in its initial public offering and U.S. private placement;
  • Covanta Holding Corporation in its transformational $2.0 billion acquisition of American Ref-fuel Holdings Corp. and financing through a $400 million public rights offering to preserve NOLS;
  • Placer Dome, Inc., then one of the world’s largest gold mining companies, in its $1.1 billion acquisition of Getchell Gold Corporation;
  • Numerous public offerings of securities, including complex rights offerings, for Covanta Holding Corporation, Goldcorp Inc., Glamis Gold Ltd. and others; and
  • Numerous public and private acquisitions and dispositions.

Bar Admissions

  • Illinois
  • Lakeview Pantry, Board of Directors and Finance Committee
  • Economics Club of Chicago
  • Princeton Club of Chicago, Leadership Council and Legal Co-Counsel