A partner in the firm's Business Department, Drea's practice emphasizes securities, corporate governance, corporate finance, mergers and acquisitions, and general corporate matters. She has experience in SEC reporting and disclosure matters, initial public offerings, advising on state and federal securities laws, raising capital through private placements of equity and debt securities, as well as general corporate matters such as entity formation.
Drea earned her J.D., cum laude, from the Indiana University School of Law in Indianapolis. During law school, she worked as a judicial intern for Chief Judge Larry J. McKinney of the U.S. District Court, Southern District of Indiana. Drea also served as the executive symposium editor for the Indiana International & Comparative Law Review. She is the author of "A New Trade Policy for America: Do Labor and Environmental Provisions in Trade Agreements Serve Social Interests or Special Interests?" 19 Ind. Int'l & Comp. L. Rev. 167 (2009).
During her final year, Drea participated in the law school's Immigration Clinic. In that capacity, she represented clients before the Chicago Asylum Office and the Chicago Immigration Court.
Drea received a pro bono award, "Safety Net Champion," for her work with the Coalition of Community Health Clinics in 2013. Outside of the office, she enjoys travelling, salsa dancing, camping, and skiing.
M&A and Bioscience Expertise Combine for Client Acquisition
The acquisition of Tonkon Torp client TomegaVax by San Francisco-based Vir Biotechnology marks a significant boom for Oregon’s growing role in the bioscience industry. Find details and more featured cases here.
Tonkon Represents Opus Agency in Equity Investment Transaction
Tonkon Torp’s Mergers & Acquisition practice group represented client Opus Agency in a significant equity transaction with private equity firm Fan Creek Capital, providing substantial additional growth capital to Opus. Opus, a global corporate events and experiential marketing agency headquartered in Beaverton, Oregon, serves Fortune 1000 clients such as Salesforce, Amazon, Intel and Alaska Airlines.
Diverse Team Aids Greenbrier in Joint Venture
Tonkon Torp acted as Oregon corporate counsel for its long-term client The Greenbrier Companies, Inc. in finalizing a 50/50 joint venture with Watco Companies, L.L.C. The venture combines the two companies’ railcar repair, refurbishment and maintenance businesses into a new organization, GBW Railcar Services, LLC.
Tonkon Torp Represents Avid Health in Sale to Church & Dwight
Tonkon Torp was counsel to privately held Avid Health, Inc. in its cash sale to Church & Dwight Co Inc., a Princeton, New Jersey based, publicly traded consumer products company with a portfolio of personal care and household product brands.
Tonkon Torp and Law Firm Alliance Partner Facilitate Key Technology Merger
Tonkon Torp represented Key Technology in its acquisition of Belgium-based Visys N.V. The deal, valued at approximately $21 million, created a single source of high-performance sorting technologies for food processing and other industrial markets. Find details and more featured cases here.
Paulson Investment Company/Methes Energies International Ltd. IPO
Tonkon Torp represented Paulson Investment Company, Inc., a national leader in public offerings of small and emerging growth companies, in the Methes Energies International Ltd. IPO that closed October 29, 2012 – the only 2012 IPO with Oregon-based counsel.
Community Involvement & Activities
Oregon State Bar, Securities Regulation Section
Executive Committee Member
Artists Repertory Theatre
Business for Culture and the Arts
Art of Leadership Program 2014
Tonkon Torp Announces Four New Partners
28 Tonkon Torp Attorneys Honored on 2017 Super Lawyers Lists
Tonkon Talk Reviews Funding Options for Startups
Tonkon Torp Donates to Artists Repertory Theatre
28 Tonkon Torp Attorneys Honored on 2016 Super Lawyers Lists
Drea Schmidt Joins Artists Repertory Theatre Board of Directors
Drea Schmidt and Claire Brown Discuss "Shaking the Fundraising Tree" at Tonkon Talk
Tonkon Contributes to Artists Repertory Theatre
Schmidt and Brown Provide Insight on New SEC Crowdfunding Rules
Tonkon Torp Sponsors 2016 MBA WinterSmash
Schmidt and Brown Cover Fundraising Strategies for Start-ups
2015 Super Lawyers Honors 23 Tonkon Torp Attorneys
Drea Schmidt & Claire Brown Explain Oregon’s Crowdfunding Regs
Drea Schmidt & Claire Brown Give Primer on Oregon Community Public Offerings Legislation
Palmer & Schmidt Discuss Private Offering Reforms, Including Crowdfunding
Schmidt and Brown Discuss Intrastate Crowdfunding
2014 Super Lawyers Honors 23 Tonkon Torp Attorneys
Publications & Presentations
"Crowdfunding Update and Capital-Raising Strategies for 2017," June 2017
"Shaking the Fundraising Tree," May 2016
"Fundraising Strategies for Startups," October 2015
"New Rules Permitting Crowdfunding in Oregon," Oregon State Bar Business Law Section, June 2015
"Oregon's New Crowdfunding Rule," Oregon State Bar Securities Regulation Section, February 2015
"Intrastate Crowdfunding," Oregon State Bar Securities Regulation Section, September 2014
"Crowdfunding and General Solicitation Rules," University of Oregon Portland Branch, February 2014
"Crowdfunding and General Solicitation: New Money, New Problems," December 2013
"Private Placements: General Solicitation, Bad Actors and Other Developments," OSB Securities Regulation Section, November 2013
"Oregon Crowdfunding Rules," TiE (The Indus Entrepreneurs), February 2015
"2013 Reforms Regarding Private Offerings," Moss Adams LLP, November 2014
"Entrepreneurs Forge Ahead with 'Crowdfunding' Alternatives," Daily Journal of Commerce, August 2013
"Clean Diesel Outlook Optimistic Despite WHO Classification of Diesel Exhaust," Daily Journal of Commerce, July 2012
"Oregon Watches California's RPS Saga with Great Interest," Daily Journal of Commerce, May 2011