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Crescent Chasteen, Nutter McClennen & Fish LLP Photo

Crescent Moran Chasteen

Of Counsel / Boston

Overview

Crescent Moran Chasteen is Of Counsel in Nutter's Tax Department. She focuses her practice on advising companies, executives and boards on the regulatory complexities of executive compensation and benefits, including tax laws governing deferred compensation, equity compensation, golden parachute arrangements and deduction limitation rules; securities laws including reporting and disclosure requirements, shareholder approval requirements and registration issues; and ERISA. She advises clients regarding tax planning with respect to compliance with Internal Revenue Code Section 409A and the tax rules relating to deferred compensation, limits on the deductibility of executive compensation and all aspects of stock and cash-based plans and arrangements. Crescent also advises on tax-qualified plan issues, including issues relating to 401(k) and 403(b) plans, and represents clients in negotiations with the Internal Revenue Service and the Department of Labor regarding compliance issues under the Internal Revenue Code and ERISA.

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Crescent has extensive experience advising public companies, boards, private equity clients and members of management on executive compensation and benefits issues arising in the context of mergers and acquisitions, spin-offs, initial public offerings, and restructurings. She frequently counsels both purchasers and sellers in such transactions with respect to the potential impact of “golden parachute” payments (including the excise tax on excess parachute payments), permissible treatment of employee stock options and structure of retention and deal bonus arrangements. In addition, she counsels clients on the U.S. Securities and Exchange Commission (SEC) rules governing executive compensation disclosure, corporate governance matters and periodic reporting requirements, and counsels large public companies and individual senior executives on the adoption, revision and negotiation of executive employment and severance agreements, as well as litigation and controversies involving executive compensation.

Crescent is a member of the American Bar Association and the National Association of Stock Plan Professionals.

Crescent has practiced employee benefits and executive compensation law with multinational law firms in Boston and Washington, DC. After law school, she served as a clerk to the Honorable Carolyn P. Chiechi of the U.S. Tax Court. During law school, she served as the lead articles editor and on the executive board of the Western New England Law Review.

Experience

Experience

  • Collaborative Consulting, LLC

    Nutter represented Collaborative Consulting, LLC in its acquisition by CGI Group Inc. (NYSE: GIB) (TSX: GIB.A), a leading provider of information technology and business processing services, through its wholly-owned U.S. subsidiary, CGI Technologies and Solutions Inc.

  • LINTEC USA Holding, Inc.

    Acquisition of VDI, LLC, a functional film manufacturer headquartered in Kentucky

  • Long Term Solutions, Inc.

    Advised Long Term Solutions, Inc. (LTS), a provider of in-home nursing assessments for the long-term care insurance industry, in its sale to Almost Family, Inc. (NASDAQ: AFAM). Based in Natick, Mass., LTS provides a suite of planning and support services to insurance companies, employers and direct to individuals and families throughout the United States.

  • Bank of New Hampshire

    Acquisition of Community Guaranty Savings Bank

  • Northeast Retirement Services, Inc.,

    Pending acquisition by Community Bank System, Inc. (NYSE: CBU)
    Approximately $140 million

  • North Middlesex Savings Bank

    Merger with Marlborough Savings Bank

  • Madico, Inc.

    Acquisition of ClearPlex Corporation

  • Clintara

    Sale to strategic acquirer, Bracket Global, LLC

  • Admune Therapeutics LLC

    Sale to Novartis Institutes for BioMedical Research

  • Tedeschi acquisition by 7-Eleven

    Negotiated the sale of Tedeschi Food Shops, Inc., a family-owned business, to 7-Eleven Inc., a major, complex transaction for a long-time Nutter client, resulting in Tedeschi’s 181 markets in Massachusetts and New Hampshire becoming part of 7-Eleven’s chain of 10,500 stores in North America.

  • Harvey Building Products, Inc.

    Sale to Dunes Point Capital

  • Lallemand, Inc.

    In March 2016, Lallemand USA, Inc., a US subsidiary of a global yeast manufacturing company, acquired 100% of the equity of USA Yeast Company, LLC, a yeast manufacturing plant and business based in Mississippi, for an undisclosed sum.

  • CIRCOR International, Inc.

    Acquisition of Critical Flow Solutions
    $210 million

  • Adams Community Bank

    Acquisition of The Lenox National Bank
    $14.3 million

News & Insights

Education & Admissions

Education

Georgetown University Law Center, LL.M.

Western New England University School of Law, J.D., cum laude

University of Maine, B.A.

Admissions

  • District of Columbia
  • Massachusetts
  • Michigan

Industry Expertise

Crescent has extensive experience advising public companies, boards, private equity clients and members of management on executive compensation and benefits issues arising in the context of mergers and acquisitions, spin-offs, initial public offerings, and restructurings.

Noteworthy

Crescent is a member of the American Bar Association and the National Association of Stock Plan Professionals.