J.D., University of Virginia School of Law, 1982
University of Virginia, 1978
Since 1982, Thatcher A. Stone has been practicing in New York City 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 the 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. His famous decision in 2005, Stone v. Continental Air Lines, established non-accident passenger claims for denied boarding. Stone’s recent victory in the Ninth Circuit, Ginsberg v. Northwest (2011) advanced consumer rights to sue air carriers for contract and tort despite pre-emption provisions and a savings clause in the Airline Deregulation Act of 1978, clarifying a previously inconsistent area of law. A third victory, James H. Hunter v. Lufthansa, Etihad Airways and United Air Lines, in an interim decision dated March 28, 2012, and still pending in the Eastern District of New York, clarified when the Warsaw and Montreal Conventions do not apply to airline negligence.
Stone is the founder and vice chairman of Xavian Holdings, Inc., an export credit insurance holding company in formation. He is rated AV by Martindale Hubbell, the highest peer review rating a U.S. lawyer can achieve.
Stone has taught aviation law at the University of Virginia School of Law since 2005. He is a member of the Law School’s Executive Committee and the Campaign Committee of the Jefferson Scholars Foundation, 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.
Stone is admitted in all New York Federal and State courts, the U.S. Court of Appeals for the Ninth Circuit, and other 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.