Faculty in the News

Thatcher A. Stone

J.D., University of Virginia School of Law, 1982
University of Virginia, 1978

Since 1982 Thatcher A. Stone has been practicing at the highest domestic and international levels of finance, banking, asset-based lending, structured finance, insurance company regulation and licensing and associated credit rating issues. Stone has extensive experience with export credit agencies and banks in financing, enforcing agreements relating to and repossessing intercontinental commercial jet aircraft all over the world. In addition, he provides litigation services in the complete aviation arena, including financing, bankruptcy and passenger claims. In 2013 Thatcher relocated his practice from New York to Virginia. His famous decision in 2005, Stone v. Continental Air Lines, established non-accident passenger claims for denied boarding. A second victory, James H. Hunter v. Lufthansa, Etihad Airways and United Air Lines, in an interim decision dated March 28, 2012, and recently settled in the Eastern District of New York, clarified when the Warsaw and Montreal Conventions do not apply to airline negligence, despite a tariff provision to the contrary.

Stone was the founder of Xavian Holdings, Inc., an export credit insurance company. He is rated AV by Martindale Hubbell, the highest peer review rating a U.S. lawyer can achieve. He also holds a Martindale client distinction award, won by less than 1 percent of lawyers nationally.

Stone has taught aviation law at the School of Law since 2005. He is a member of the Law School’s Executive Committee and formerly served as the chairman of the National Selection Committee for Jefferson Law Fellows. He is a trustee of the Madison Lane and Rugby Road Charitable Trust.
He serves on two non-profit boards in the Charlottesville Community, Ash Lawn Opera and the Fralin Museum.

Stone is admitted in all New York federal and state courts, the U.S. Court of Appeals for the Second and Ninth Circuits, the U.S. Supreme Court and other state and federal courts for particular cases around the country. He is an active skier and sailor, and a retired pilot. He is a 1978 graduate of the College, with distinction, and a 1982 graduate of the Law School. In 2008 he was named an Alumni Raven at Final Exercises by former University President John Casteen.