David McLane

Scheef & Stone > David McLane

McLane, David

David McLane

500 North Akard Street
Suite 2700
Dallas, Texas 75201
Mr. McLane has over fifty years of experience handling matters for large and small, public and private companies and partnerships. His broad range of experience positions him to counsel with business owners, corporate executives, and Boards of Directors concerning business as well as legal issues. His experience representing clients includes business formation and structure, corporate reorganization, mergers and acquisitions, securities transactions, executive compensation and employee benefits. Mr. McLane has proven success at spotting and communicating legal issues, developing creative solutions to complex problems, creating consensus and supervising and coordinating the work of other attorneys domestically and internationally.

Corporate & Business

  • Contract Drafting & Negotiation
  • Corporate Entity Disputes
  • Corporate Finance
  • Corporate Governance
  • Corporate Reorganization
  • Direct Selling/ Multi-Level Marketing
  • Entity Selection & Business Formation
  • Joint Ventures & Partnerships
  • Shareholder Disputes
  • Venture Capital Transactions


  • Oil & Gas Fraud
  • Oil & Gas Litigation
  • Oil & Gas Transactions
  • Private Offerings & Placements

Labor & Employment

  • Employment Agreements
  • Employment Litigation
  • Employee Benefits/ERISA
  • Executive Compensation
  • Management Education
  • Non-Competition Covenants
  • Wage and Hour Compliance


  • Banking Litigation & Foreclosures
  • Construction Litigation
  • Computer Fraud & Privacy Litigation
  • Copyright Litigation
  • Cyber Insurance Coverage & Litigation
  • Direct Sales & Regulatory Matters
  • Employment Litigation
  • Insurance Defense
  • Oil & Gas Litigation
  • Product Liability Litigation
  • Professional Liability
  • Real Estate Litigation
  • Securities Fraud Litigation
  • Securities Litigation & Arbitration
  • State & Federal Appeals
  • Transfer Tax and Probate Litigation
  • Trade Secret Litigation
  • Trademark Litigation

Securities & Finance

  • Broker/Customer Disputes
  • Corporate Finance
  • Mergers and Acquisitions
  • Private Offerings
  • Public Company Representation
  • Real Estate/Personal Property Finance
  • Receiverships
  • Regulatory and Enforcement Matters
  • Securities Fraud Litigation
  • Securities Litigation & Arbitration


  • Corporate & Partnership Taxation
  • Federal Taxation
  • Franchise Taxation
  • International Tax Planning
  • Property Tax Disputes
  • Sales & Local Taxation
  • State Bar of Texas
  • Supreme Court of the State of Texas

Provided advice regarding corporate formation and structure, including tax considerations, use of foreign entities, control, and ownership features.

Assisted with the formation of and transactions involving 401(k) plans, ESOPs, stock option and stock purchase plans, as well as ERISA compliance and executive compensation arrangements.

Assisted numerous companies in SEC and State Blue Sky Law filings.

Represented executive officers, majority and minority stockholders, Boards of Directors, and Audit and Special Board Committees.

Represented broker-dealers, investment bankers, investment advisors, mutual funds and hedge funds.

Assisted numerous clients with FINRA, NASDAQ and stock exchange filings.

Assisted with acquisitions, tender and exchange offers, spinoffs and going-private transactions.

Represented insurance and reinsurance companies, both offshore and domestic.

Served as corporate and securities law counsel in a suit involving a buy-sell agreement among shareholders of a very successful privately held company. Assisted in preparations for and attended Board and shareholder meetings with the client as well as participated in all of the research and writing efforts for the case. The client obtained an 8-digit settlement with the company and its majority shareholders.

Served as an expert witness and assisted in the trial of a securities fraud jury case involving a purportedly exempt private offering of stock purchased by the client. After a three week trial, the jury awarded full actual damages, punitive damages and attorney’s fees in favor of the client.

  • Member, Executive Board, SMU Dedman School of Law
  • Former President and Director, Southwest Benefits Association
  • Member, Dallas Bar Association
  • Member, Federal Regulation of Securities Committee, American Bar Association
  • Bachelor of Laws, Southern Methodist University, Dedman School of Law
  • Bachelor of Arts, Southern Methodist University
  • Former Member, Executive Board, SMU Alumni Association
  • Mission trips to India, Cuba, Russia, Peru and Mexico
  • Founder and Chairman, Christian Lawyers Fellowship
  • Founder and Member, Law Professionals for Christ, Park Cities Presbyterian Church
  • Former Member, Board of Trustees and Board of Governors, Dallas Symphony Association
  • Member, Advisory Board, Dallas Theological Seminary
  • Selected as one of Texas’ Top Rated Lawyers in Securities Law and Labor & Employment Law by Legal Leaders Magazine, 2015
  • Selected as one of Texas’ Top Rated Lawyers in Business and Commercial Litigation by Legal Leaders Magazine, 2014
  • AV rated, Martindale-Hubbell, 2003-2018