As Managing Partner, David Stone oversees all activities at the firm.
Mr. Stone has litigated False Claims Act cases that have led to some of the largest recoveries in history on behalf of the U.S. Government and client Relators, including Medco ($165 million), Bristol Myers Squibb ($425 million) and Cephalon ($350 million). Currently, he is handling numerous False Claims Act cases venued throughout the country, both sealed and unsealed. In addition, Mr. Stone recently concluded the successful defense of a number of well-known New Jersey companies in a civil price-fixing class action and related criminal investigation. He is defending several Fortune 500 companies in ongoing securities litigations, as well as in intellectual property litigations. He is also currently representing various corporations and high net worth individuals in complex commercial litigations pending throughout the United States.
Prior to joining Stone Magnanini, Mr. Stone headed up the New Jersey Office of Boies Schiller and Flexner, leading its False Claims Act Practice Area between 2002 and 2008. Before that, he was a founding name partner of the firm Freedman & Stone and a founding partner of the firm Stern & Greenberg with the former U.S. Attorney and Federal District Judge Herbert J. Stern.
Mr. Stone has also been involved in numerous complex trials and appeals in both federal and state court. He has participated in matters such as litigation against AIG and its former Directors, representing clients in FTC actions and patent infringement cases, representing the Yes Network in litigation against Cablevision and Comcast Corporation.
Earlier in his career, Mr. Stone participated in the appeal in State of Rhode Island v. Claus Von Below, the defense of W.R. Grace in City of Woburn v. W.R. Grace, et al., the representation of the Estate of Doris Duke and various litigations pertaining to the probate of that Estate, a successful multi-million-dollar malpractice action in the State of Minnesota; a successful multi-million-dollar Medicare False Claims Act action in the State of Minnesota, serving as lead counsel in the defense of a class action against 28 temporary technical service firms by the California Pension Fund and numerous successful appeals on behalf of Fortune 500 companies, various trade associations and individuals. Mr. Stone also served as special appellate counsel to The Medical Society of New Jersey and Hertz Claims Management Corporation and currently serves as special antitrust counsel to The Medical Society of New Jersey. In that capacity, he is responsible for drafting legislation and regulations to implement the Joint Negotiations Law permitting physicians to negotiate with health maintenance organizations.
Previously, Mr. Stone served for 3 years as outside General Counsel of YankeeNets, LLC where he was co-trial counsel with David Boies in a successful suit to recover the New York Yankees' television rights from Madison Square Garden Network.
Mr. Stone has been a guest speaker and panelist in numerous seminars, including seminars conducted for the benefit of the American Association of Nurse Anesthetists, the Minnesota Association of Nurse Anesthetists, the Medical Society of New Jersey and the Medical Society of Colorado. Mr. Stone also participated in the presentation of testimony on antitrust and healthcare before Congressional Subcommittee on Antitrust and Healthcare.
Selected Professional Awards and Associations
American Bar Association
New York State Bar Association
New Jersey State Bar Association
Advisory Board Taxpayers Against Fraud: Trial Lawyers Association
Federal Enforcement Homeland Security Foundation (General Counsel)
New Jersey Performing Arts Center (Board of Directors)
Smart Foundation (Board of Directors)
Yivo Institute (Board of Overseers)
Adjunct Professor, Seton Hall Law School, 2001-2002
Selected Publications
Who Really Won the Microsoft Appeal?, New York Law Journal, Computer and Internet Lawyer (October 2001)
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