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Bonita L. Stone

Partner
bonita.stone@kattenlaw.com
Chicago Office
p+1.312.902.5262
f+1.312.577.8990
Overview

Bonita L. Stone concentrates her practice extensively on complex commercial litigation with emphasis on transactional disputes, shareholder rights and securities litigation, derivative and class action matters, common law fraud and consumer fraud claims.

Bonnie has significant experience in employment-related and competitive activity matters, including misappropriation of trade secrets and other intellectual property rights issues, corporate raiding, breach of fiduciary duty, unfair competition, antitrust and violations of covenants not to compete involving a broad range of industries. She represents corporations of all sizes in federal and state courts and in arbitration.

Bonnie also litigates disputes involving estates and trust matters on behalf of corporate and individual fiduciaries as well as beneficiaries, including claims of oppression, breach of fiduciary duty and asset misappropriation.

Shown below is a selection of Bonita’s engagements.

Experience
  • Lead trial counsel for Farley Industries in bench trial (Bankr. N.D. Ill., Schmetterer J.) asserting breach of contract and alter ego claims. Chiappetta v. Farley Industries.
  • Lead trial counsel for Zurich Insurance in legal malpractice case. Universal/Zurich v. Judge.
  • Lead counsel for Heller on multiple breach of contract claims involving construction loans. Hilldale v. Heller Financial.
  • Lead counsel to directors and officers in securities fraud class action by IPO and after-market purchasers. (N.D. Ill. Coar, J.). In re Nanophase Securities Litigation.
  • Lead trial counsel for La Grange Hospital on age discrimination claim (N.D. Ill., Shadur, J.) which, after trial, resulted in defense verdict. Schilling v. La Grange Hospital.
  • Lead counsel for Household International in multi-defendant consumer class action challenging arbitration clause. (N.D. Ill., Nordberg, J.). After dismissal, the matter was affirmed by the Seventh Circuit. Carbajal v. Household International.
  • Lead counsel for MCA Inc. in age discrimination suit (N.D. Ill., Norgle, J.), including securing affirmance on appeal to the Seventh Circuit of the district court’s grant of summary judgment for MCA. Hoffman v. MCA.
  • Lead trial counsel for Gold Eagle in a two-week preliminary injunction hearing to enjoin breach of a non-compete. Gold Eagle v. Prange.
  • Lead counsel for Zale Corporation in consumer fraud class action arising from bankruptcy reaffirmation issues (N.D. Ill., Castillo, J.), including on appeal to Seventh Circuit from case dismissal. Cox. v. Zale.
  • Lead trial counsel for private equity firm’s portfolio company in Pennsylvania state court on various breach of contract claims arising from sale, including trying the ensuing preliminary injunction motion. Jacuzzi Brands v. Wind Point.
  • Lead counsel for Zebra Technologies on claims for breach of warranties, fraud and indemnity arising from an asset purchase. Zebra Technologies v. Carter.
  • Lead trial counsel on breach of contract, unpaid commissions, tortious interference and fraud claims. Ryherd v. Liberty American.
  • Lead counsel for lead defendants in class action by retirees, alleging fraudulent transfer, successor liability and ERISA claims. Morris v. Anderson.
  • Co-lead counsel on behalf of Fruit of the Loom and its directors and officers, including William Farley and Leon Black, in securities fraud class action arising from IPO. (N.D. Ill., Holderman J.) Endo v. Albertine, et al.
  • Co-lead counsel for class in securities fraud case, seeking to enjoin shareholder vote and proxy solicitation due to misleading proxy statement, including arguing and securing a temporary restraining order. (N.D. Ill., Rovner, J.). Lewis v. General Employment.
  • Lead trial counsel in seven-day jury trial in shareholder's derivative suit, alleging corporate waste, mismanagement and breach of fiduciary duties. Sutherland v. SLKC.
  • Co-lead trial counsel for International Transportation Service, Inc. in sexual harassment and sexual discrimination claims by multiple plaintiffs which, after a three-week jury trial, resulted in a complete defense verdict. L.A. Barnett v. International Transportation.
  • Lead counsel for Nationwide in RICO consumer fraud class action (N.D. Ill., Shadur, J.), including on appeal to Seventh Circuit from case dismissal. Richmond v. Nationwide.
  • Lead counsel for defendants on claims for breach of fiduciary duties and misappropriation of trust assets. Schlesinger v. Harrison.
  • Lead counsel for Cole Taylor in breach of contract and indemnity claims. After securing summary judgment, the case was later affirmed on appeal by the Fourth District. Richardson v. Cole Taylor Bank.
  • Lead counsel for Deacon on claims of self-dealing, breach of fiduciary duties and asset dissipation against trustees, including preliminary injunction and evidentiary hearing for removal of trustees. Deacon v. Gialamas.
  • Lead counsel for defendants against minority shareholder claims for securities and common law fraud and breach of fiduciary duties. After dismissal by the Circuit Court of Cook County, the ruling was affirmed by the US Court of Appeals for the First District. Small v. DaySurgicenters.
  • Lead trial counsel for Barjan in a preliminary injunction hearing against former employee involving claims of breach of fiduciary duty, unfair competition and misappropriation of trade secrets. (C.D. Ill., Mihm's, J.). Barjan v. Wade.
  • Lead counsel in jury trial (S.D.N.Y., Hellerstein, J.) for Heller/GE in fraud and breach of warranties claims. Halston v. Heller/GE.
  • Lead trial counsel for Salomon Brothers (N.D. Ill.) (tried by visiting Judge Samuel King (D. Hawaii)) on claims asserting brokerage and fee claims arising from investment banking services. Salomon Brothers v. Brown Leasing.
  • Lead counsel for one of twelve defendants in class action alleging price fixing conspiracy to fix bids in Property Tax sale. Alexander v. QTS.
  • Special appeals counsel for Household Commercial Finance on claims for tortious interference, breach of fiduciary duties to shareholders and constructive discharge. Rubin v. Household Commercial Finance.
  • Lead counsel for defendants in securities fraud claims arising from stock sale (N.D. Cal.), including arguing, after case dismissal, appeal to Ninth Circuit. Checkout v. Psilos.
  • Lead trial counsel for 50 percent shareholders in Section 220 books and records inspection case. Sutherland v. Dardanelle.
  • After a bench trial in the Chancery Court of Cook County which found defendants liable for usurpation of a corporate opportunity and fiduciary duty breaches, Katten substituted as counsel and secured a reversal on appeal to the First District, retried the case and, upon a defense verdict, won the subsequent appeal. Audino v. Anest.
  • Lead trial counsel for Platinum Technology in jury trial (S.D.Tx.) on breach of contract and fraud claims involving stock option grants. Phillips v. Platinum Technology.
  • Lead trial counsel for Farley on breach of contract and alter ego claims involving pension plans. Farley v. Davis.
  • Lead counsel for Zebra Technologies on shareholder's common law fraud claims including an appeal to the First District after the Complaint's dismissal. Molloy v. Zebra Technologies.
  • Lead trial counsel for surviving company and majority shareholders in squeeze out merger and valuation case asserted by dissenting shareholders, tried in the Delaware Chancery Court before Chancellor Chandler. Chang's Holdings v Universal.
  • Lead counsel for plaintiff in shareholder's derivative suit, alleging breach of fiduciary duty, corporate waste and self-dealing (Del.Ch.Ct., Lamb, V.C.). Sutherland v. Sutherland.
  • Lead counsel for Berry Plastics in preliminary injunction between competitors, on claims of trade secret misappropriation, unfair competition and antitrust violations. (Evansville, Indiana Circuit Court). Rexam v. Berry Plastics.
  • Lead counsel for Nationwide in a class action alleging violations of various consumer protection statutes. After dismissal, and a reversal by the First District, the Illinois Supreme Court granted discretionary review and reversed in large part the appellate court. Lee v. Nationwide.

Recognition

Super Lawyers, Illinois, 2009
Bonita L. Stone

Education

  • JD, Northwestern University School of Law
  • BA, University of Illinois

Bar Admissions

  • Illinois

Court Admissions

  • US Court of Appeals, Sixth Circuit
  • US Court of Appeals, Seventh Circuit
  • US Court of Appeals, Ninth Circuit
  • US District Court, Central District of Illinois
  • US District Court, Northern District of Illinois

Recognition

Super Lawyers
Illinois, 2009
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Memberships

  • Chicago Lights
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