Paul D. Chestovich
Member of Firm Governance Committee

Paul Chestovich is a partner in Maslon's Business & Securities Group and a member of the firm's Governance Committee. 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 and presently represents a publicly traded business development company. 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.

Selected 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, hedge fund work, and investment company worth 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, and medical and dental firms.
  • Representation and counseling for nonprofit and tax-exempt 501(c)(3) organizations.

Professional Activities

Minnesota State Bar Association
Ramsey County Bar Association
Maslon LLP: Governance Committee Member 2015-present
Social Venture Partners of Minnesota: past Partner
Playworks LLC: past Director
Saint Paul Area Chamber of Commerce

Pro Bono Activities

LegalCORPS: Non-profit organization promoting pro bono legal services for low-income businesses and non-profits, Volunteer

Community Involvement

Big Brothers and Big Sisters of Greater Saint Paul: past Volunteer


"When it makes sense to breach a contract," Contracts in Context II, ACC Minnesota, 2017
March 7, 2017
"Choices for Change: For-Profit/For-Benefit, Nonprofit, and Hybrids", Symposium on Social Entrepreneurship, University of St. Thomas, 2011
February 1, 2011


"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


Recognized on Minnesota Rising Stars list as part of the Super Lawyers® selection process, 2008-2010 (Minnesota Rising Stars is a designation given to only 2.5 percent of Minnesota attorneys each year, based on a selection process that includes the recommendation of peers in the legal profession.)

p 612.672.8305   f 612.642.8305
3300 Wells Fargo Center, 90 South Seventh Street
Minneapolis, MN 55402
Bar Admissions
Minnesota, 2000
University of Minnesota Law School
J.D., magna cum laude, 2000
Honors: Order of the Coif
University of Texas at Austin
M.A., magna cum laude, 1997
Major: Classics
St. John's University
B.A., cum laude, 1994
Majors: History, Medieval Studies, Classical Languages
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