Edward Stone has practiced law and represented individuals, entrepreneurs and growth stage companies in various capacities in the structured settlement, life settlement, litigation finance, and insurance industries for more than twenty-five years. Prior to his involvement in the specialty finance industry, Mr. Stone practiced corporate and private international law, representing a variety of U.S., French, Italian and Spanish banks, finance companies and retail, wholesale and manufacturing entities. Mr. Stone represented many victims of the Executive Life Insurance Company of New York liquidation and assisted dozens in recovering some of their of lost benefits.
Mr. Stone acts as Special Counsel to the Association of BellTel Retirees and is the Executive Director of the Association of DuPont Retirees, working with these organizations to preserve and protect retirees’ earned benefits. In 2014, Mr. Stone secured the passage of a “best practices” resolution by the National Conference of Insurance Legislators (NCOIL) designed to offer guidance to state legislators on issues relating to pension de-risking. Mr. Stone later worked with the former ProtectSeniors.org and other retiree groups and state legislators to enact laws in Connecticut in 2015 (Connecticut Public Act 15-167) and Virginia in 2018 (SB755) restoring creditor protections to retirees in pension de-risking transfers.
Mr. Stone is also the President of Stone Capital Assets, consultants and advisors in the specialty finance and insurance industries. He was previously a Managing Director at Plainfield Asset Management, LLC and President and Chairman of Caldwell Funding Corp., a Plainfield portfolio company in the insurance finance business. In 1995, Mr. Stone was responsible for bringing the first institutional purchase facility to the structured settlement market as a founding partner of J.G. Wentworth SSC, LP. From 1994-2005, Mr. Stone was President of Stone International LLC, a specialty finance consulting and servicing company, which served as the U.S. based administrator of all Contingency Claims Insurance underwritten by Lloyd’s Syndicate 102 f/k/a “Goshawk” and acted as sub-servicer to DZ Bank A.G. in connection with DZ’s credit facility with Life Capital, BV, a Netherlands based financing entity.
Mr. Stone is a frequent speaker and panelist lecturing on pension de-risking, the structured settlement secondary market, and the Executive Life liquidation. In May 2015, Mr. Stone testified before the ERISA Advisory Council addressing the need for disclosures both pre- and post- pension risk transfers. Mr. Stone also gave featured presentations at the Annual Conference of the Society of Settlement Planners in 2014, 2015, and 2016 on various aspects of the Executive Life liquidation. Mr. Stone was a featured speaker at the 2013 National Association of Settlement Purchasers (NASP) Annual Conference presenting on the Executive Life debacle. Mr. Stone was a guest speaker at several recent annual meetings of the Association of BellTel Retirees addressing issues concerning retirees in pension de-risking transactions. Mr. Stone has also spoken on emerging and alternative asset classes, litigation finance, and intellectual property monetization for the Practicing Law Institute and the Life Settlements and Longevity Summit.
Mr. Stone is a graduate of Clark University (B.A.) and earned his law degree from Benjamin N. Cardozo School of Law, Yeshiva University (J.D.). He also studied at the Institut d’Etudes Politiques in Paris, France and taught English at the Lycee Louis le Grand, also in Paris.
US District Court, Southern District of New York
US District Court, Eastern District of New York
US District Court, Connecticut
Mr. Stone speaks fluent French and proficient Spanish.
New York State Bar Association