An excellent negotiator, Steve wastes no time in getting down to business and is resourceful in finding solutions to a range of problems.

Overview

Steve has a strong reputation in M&A, securities and international transactions, offering a rare combination of excellence and value who presents well to boards. Steve represents clients across the United States in mergers and acquisitions, ESOPs, REITs, securities regulation, securities offerings, international transactions and financing matters. He uses his deep background in law, finance, accounting and project management to complete his clients' most strategically important and challenging assignments.

Steve assists clients on SEC reporting matters, advises boards of directors in corporate governance and liability issues and works with litigation teams defending officers and directors. Steve assists public companies in evaluating unsolicited offers and defense of activist investors.

Steve's M&A experience includes cross-border transactions, asset purchases, public and private mergers and tender offers. He is adept at private placements, initial public offerings, high-yield offerings, investment grade debt, securitizations and international offerings by foreign private issuers. 

Steve joined Stinson LLP in 1997 after seven years of corporate transactional practice in the New York, London and Hong Kong offices of Cravath, Swaine & Moore. He has five years of experience as a certified public accountant as an audit manager with KPMG and its predecessors.

Experience

Steve has deep knowledge in the legal and financial challenges of REIT transactions, Steve represents Two Harbors Investment Corp. (NYSE: TWO) and Granite Point Mortgage Trust Inc. (NYSE: GPMT) in SEC compliance, public offerings of stock, preferred stock and convertible and spin-off transactions.

Steve’s experience with transactions across a broad range of industrial and services industries includes representations of G&K Services, Inc. (NASDAQ: GK), Enventis Corporation (NASDAQ: ENVE) and other publicly- and privately-held companies in M&A transactions.

Steve helps technology companies evolve and grow, closing mission-critical offerings of stock and subordinated convertible notes, sales, acquisitions, purchases and tender offers, for clients such as Marco Inc. in its sale to Norwest Equity Partners, LodgeNet Interactive Corporation (NASDAQ: LNET), the sale of Midwest Wireless to Alltel and the sale of myOn to Francisco Partners.

Represented Granite Point Mortgage Trust Inc. (NYSE: GPMT) in a $149,672,500 public offering of common stock, a $131,600,000 public offering of convertible notes and a $125 million Rule 144A offering of convertible notes.

Steve represented Canadian Pacific Railway Limited (NYSE: CP) in industry-changing corporate transactions including sales, acquisitions and divestitures covering multiple states.

Represented Canadian Pacific in its $130,000,000 acquisition of the Central Maine and Quebec Railway from Fortress Transportation and Infrastructure Investors LLC.

Represented Canadian Pacific in the $27,450,000 sale of the Bass Lake Spur in a State of Maine Transaction.

News & Insights

News

Speaking Engagements

"SEC Expectations for Corporate Filings," NAVEX Global's Coping Through Covid Podcast, April 2020

"What the Private Company Must Consider When Offering Securities as Executive Compensation," Minnesota CLE, 2019

"Sustainability, Board Room Diversity & Other Corporate Governance Trends," Minnesota Association for Corporate Counsel (ACC), 2019

"Navigating the SEC Regulatory Maze: Current Issues of Importance to Board Members and Corporate Counsel," Minnesota Association for Corporate Counsel (ACC), 2017

"Dealing with Activist Investors," Sponsored by the Minnesota Association of Corporate Counsel (ACC), 2016

Publications

"Is Goldman Sachs' Director Compensation Entirely Fair?" Harvard Law School Forum on Corporate Governance and Financial Regulation, 2019

"Revlon Lives: Delaware Chancery Declines to Apply Corwin Doctrine," Deal Lawyers, 2019

"Proposed 'Test-the-Waters' Communications Rules," Harvard Law School Forum on Corporate Governance and Financial Regulation, 2019

"Potential Effects of SEC Financial Reporting Proposal," Law 360, 2019

"It's Wise to be Wary of Audit 'Dialogue' with PCAOB," Law 360, 2019

"Smaller Reporting Companies and XBRL," Harvard Law School Forum on Corporate Governance and Financial Regulation, 2018

"Considerations for the 2019 Proxy Season," Law360, 2018

"#MeToo Clauses Being Added to Merger Agreements," Deal Lawyers, 2018

"Minnesota Revises its Business Organization Statutes," Bench & Bar of Minnesota, 2018

"SEC Nixes 1940 Act of Registration of Cryptocurrency-Related Funds for Now," American Bar Association Business Law Today, 2018

"Initial coin offerings: The future or the next major fraud?," StarTribune, 2017

"Treasury Issues Plan to Streamline Capital Markets Regulation," American Bar Association Business Law Today, 2017

"Steps To Take As SEC Approves Audit Reporting Changes," Law360, 2017

"Impact of the New Revenue Recognition Standard on M&A," Law360, 2017

"Planning For 2018 Proxy Season: Some Considerations," Law360, 2017

"Revenue Recognition Representations: Impact of FASBs New Standard," Deal Lawyers, 2017

"Working Capital True Up is not an End Run around Liability Bar," Law360, 2017

"Legislation holds clues to what will replace Dodd-Frank," StarTribune, 2016

"Bitcoin block chain technology to revolutionize financial services," StarTribune, 2016

"Universal Proxy: Not Exactly 'Shareholder Democracy'," Law360, 2016

"Social Media Use in M&A: Trends and Challenges," Law360, 2015

Recognitions

Recognitions

JD Supra Readers' Choice Award, Top Author 2019, Securities category

Regularly listed in the Chambers USA Guide to America’s Leading Lawyers for Business

Named Top Author 2018 (Mergers & Acquisitions and Securities categories) for JD Supra Readers' Choice Award

Named Top Author 2017 (Banking and Financial Services, Investment Management and Dodd-Frank categories) for JD Supra Readers' Choice Award

Named Top Author 2016 (Dodd-Frank category) for JD Supra Readers' Choice Award

Professional & Civic Activities

Professional & Civic Activities

American Bar Association

Minnesota State Bar Association

Minnesota Business Corporation Committee, Vice Chairman

Admissions

  • New York
  • District of Columbia
  • Minnesota
  • Colorado

Education

University of Utah College of Law, J.D., 1990

  • Order of the Coif

University of Utah, B.S., Accounting, 1982

University of Utah, B.S., Finance, 1982

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