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Paul D. Chestovich 
Partner
Co-Chair of 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 corporate, contracts, business advising, mergers and acquisitions, joint ventures and strategic alliances, securities regulation, securities offerings, and financing transactions. Paul counsels clients in a variety of industries who are forming new businesses in corporate, limited liability company, and partnership forms. In addition, he has particular experience with the formation and operation of venture-capital funds, hedge funds, and other investment 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
  • 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