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Paul D. Chestovich 
Partner
Co-Chair of Maslon's Business & Securities Group

p 612.672.8305
f612.642.8305
paul.chestovich@maslon.com

3300 Wells Fargo Center
90 South Seventh Street
Minneapolis, MN 55402

Paul Chestovich is a partner and serves as co-chair of Maslon's Business & Securities Group. He represents large national businesses and small closely held businesses in a variety of commercial transactional work, including general counseling, corporate and governance, contracts, mergers and acquisitions, joint ventures and strategic alliances, securities offerings and regulation, and financing transactions. In addition, Paul has particular experience with the formation and operation of investment funds such as hedge funds and venture-capital funds. Paul also has extensive experience in reverse merger and shell merger transactions, self-filing methods of "going public," alternative public offerings, and complex and unique investment transactions.

Areas of Practice
  • Business & Securities
  • Business Counseling
  • Closely Held Businesses
  • Growth Businesses
  • Independent Director Services
  • Investment and Hedge Funds
  • Mergers and Acquisitions
  • Private Equity
  • Private Placements
  • Public Offerings
  • Public Company Securities Compliance
  • Sustainable Business & Social Enterprise
Education
  • University of Minnesota Law School, Minneapolis, Minnesota, 2000
    J.D.
    Honors: magna cum laude
    Honors:  Order of the Coif
    Honors:  Civil Rights Moot Court, 1998 - 2000
    Honors:  Best Legal Brief, National Civil Rights Moot Court Competition
  • University of Texas-Austin, Austin, Texas, 1997
    M.A.
    Honors: magna cum laude
    Major: Classics
  • St. John's University, Collegeville, Minnesota, 1994
    B.A.
    Honors: cum laude
    Major: History
    Major: Medieval Studies
    Major: Classical Languages
Bar Admissions
  • Minnesota, 2000
Professional Associations and Memberships
  • American Bar Association - Member
  • Minnesota State Bar Association - Member
  • Hennepin County Bar Association - Member
  • Ramsey County Bar Association - Member
  • Big Brothers and Big Sisters of Greater Saint Paul - past Volunteer
  • Social Venture Partners of Minnesota - past Partner
  • Playworks LLC - Director
Classes Taught
  • “Choices for Change: For-Profit/For-Benefit, Nonprofit, and Hybrids”, Symposium on Social Entrepreneurship, University of St. Thomas, 2011
  • "What Do You "Do If You Suspect Fraud Has Occurred in Your Organization?”, (facilitator and panelist), Common Occupational Frauds and Schemes, Minnesota Society of CPAs, 2011
  • “(Dodd) Frank Talk about New Governance and Compensation Requirements”, Small Public Company Forum, 2010
  • “SEC Disclosure Update: Public Company Disclosures in a Dangerous World”, Bowne SEC Conference, 2010
  • “Proxy Season Preview: Don’t Get Caught Unprepared”, Small Public Company Forum, 2010
  • “404 Error—File Not Found: Practical Advice on Sarbanes-Oxley 404 Compliance”, Moderator, Small Public Company Forum – the Inaugural Event, 2009
  • “Going Private and Going Dark”, Bowne SEC Conference, 2009
Publications
  • Resale Registrations: Pipeline to the Public Markets, SEC Issues Update Conference, Minneapolis, 2002
  • Observations on the Insured's Right to Select Counsel, Construction Law Institute, Minnesota Institute of Legal Education, 2000
Honors and Awards
  • Recognized on Minnesota Rising Stars® list, 2008 - 2010 (Minnesota Rising Stars® is a designation given to only 2.5 percent of Minnesota attorneys each year.)

Experience

  • Reverse merger transactions (including financing transactions) for Kuhlman Company, Inc.; PureDepth, Inc.; FastFunds Financial Corporation; Hydrogen Power, Inc.; ProUroCare Medical, Inc.; Ready Credit Corporation; ZIOPHARM, Inc.; Western Capital Resources, Inc.; and Webdigs, Inc.
  • Securities counsel for over a half dozen public companies, including both smaller reporting companies and large accelerated filers.
  • Numerous financing transactions including registered debt offerings, private preferred equity offerings, common equity and convertible debt PIPE offerings, and resale registrations.
  • Public company merger and acquisition transactions involving National City Bancorporation; Norstan, Inc. (tender offer with follow-on merger); OneLink, Inc. (sale of substantially all assets); and numerous stock and asset acquisition transactions for publicly held companies.
  • Venture capital and hedge fund work with Ascent Medical Technology Fund, Portage Equity Partners, Northland Equity Directions Fund, Mill City Ventures and others.
  • Joint-venture transactions for Famous Dave's of America, Inc.; FastFunds Financial Corporation; Spectre Gaming, Inc.; and numerous other clients.
  • Counsel for many newly formed business entities (involving partnership agreements, member control or operating agreements for LLCs, and shareholder agreements for corporations).
  • Counsel for many professional service businesses such as consulting, law firms, medical and dental firms, and psychologists.
  • Representation and counseling for nonprofit and tax-exempt 501(c)(3) organizations.
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Maslon Edelman Borman & Brand, LLP  | 3300 Wells Fargo Center | 90 South Seventh Street | Minneapolis, MN 55402-4140 | p 612.672.8200