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Reid Collins & Tsai

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272:, Cause No. DC-13-07858, the 134th Judicial District Court of Dallas County, Texas). In December 2014, a jury found that Credit Suisse fraudulently induced the plaintiff funds into making the investment and awarded $ 40 million. Following a subsequent three-week bench trial, the trial court also found that Credit Suisse had breached its contractual obligations, and entered a fraud judgment against the bank After subsequent appeals on multiple issues, the Texas Supreme Court affirmed the trial jury's finding that Credit Suisse committed fraud, and remanded the case to the trial court.  In June 2021, the trial court awarded $ 40 million on the primary market loss, plus another $ 23 million on the secondary market loss. With pre- and post-verdict interest added, and after deducting the value of related settlements reached with other parties, the trial court entered a judgment for $ 121 million against Credit Suisse. 317:
fiduciary duty and fraudulent transfer of certain assets. After conducting Rule 2004 discovery, Reid Collins filed a Complaint in the U.S. Bankruptcy Court for the District of Delaware and obtained a temporary restraining order freezing certain assets and preventing the insiders from further disposing of assets.  Reid Collins then secured a settlement of those claims in exchange for a $ 21.5 million cash payment and the release of $ 104 million of insider claims against the estate, a settlement that doubled the projected distributions to unsecured creditors in the case.
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2009, and convicted in April 2015. Representing the bankruptcy Trustee for the Agape estate in the U.S. Bankruptcy Court for the Eastern District of New York, Reid Collins filed lawsuits against six commodities broker firms where Cosmo traded, including MF Global Inc., seeking to recover fraudulent transfers of Agape assets made to fund the risky futures trading. Reid Collins obtained settlements totaling in excess of $ 21 million on behalf of the Trustee.
28: 260:, Index Number: 653594/2018, Supreme Court of the State of New York, New York County, Commercial Division). In both trial court and on appeal, Defendants’ motions to dismiss the case based on issues of personal jurisdiction and standing were denied. In June 2022, the Court approved a $ 300 million settlement resolving the action, which is one of the largest cash settlements of a derivative action in history. 279:(whistleblower) lawsuit against Citigroup, Bank of America, and Goldman Sachs, among other defendants, on behalf of relator client Integra REC to resolve claims by the Commonwealth of Virginia under the Virginia Fraud Against Taxpayers Act (the largest financial fraud case ever brought by the state of Virginia 320:
Nicholas Cosmo, the former principal of Hauppauge, NY-based Agape World, Inc., operated a Ponzi scheme where he raised money from investors for the ostensible purpose of making short-term real estate loans but instead used the funds to open futures trading accounts. Cosmo was arrested on January 26,
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In March 2016, Reid Collins was selected to serve as special counsel to the Official Committee of Unsecured Creditors of Fresh & Easy, LLC, a large grocery company with stores located in four states, in pursuing claims against its former insiders—including billionaire Ronald Burkle—for breach of
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In January 2019, Reid Collins filed suit in Delaware Chancery Court on behalf of Sarah Bradley, the co-founder of private equity firm Kainos Capital LP, against her company and three of its executives for fraud and business agreement violations accusing them of a scheme to strip her of her ownership
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In December 2018, Reid Collins filed a legal malpractice, breach of fiduciary duty, and breach of contract action in New York state court against law firm Reed Smith LLP on behalf of the liquidators of two Cayman Islands-based Bear Stearns investment funds seeking more than $ 500 million in damages.
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In October 2014, GT Advanced Technologies filed for bankruptcy after failing to meet milestones under a critical $ 1 billion contract with Apple to manufacture sapphire display screens for the iPhone.  Reid Collins represented the GTAT Litigation Trust in pursuing claims against the company’s
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In July 2018, Reid Collins commenced litigation in New York state court on behalf of Renren shareholders asserting claims under Cayman Islands law and New York law. The action alleges a scheme by Renren insiders to wrongfully to take the company’s billion-dollar investment portfolio for themselves
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In July 2017, Reid Collins was selected to serve as special litigation counsel to the Official Committee of Unsecured Creditors of Central Grocers, Inc., one of the country’s largest grocery cooperatives with operations in Illinois, Indiana, and Michigan. After conducting pre-suit discovery, Reid
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In November 2019, Reid Collins filed a legal malpractice and breach of fiduciary duty lawsuit in New York federal court on behalf of the LB Litigation Trust against law firm Brown Rudnick LLP for $ 300 million in damages.  In July 2020, the Court denied Brown Rudnick's motion to dismiss the
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rights by changing the firm's business structure. The dispute addressed issues regarding duties owed between LLC members under Delaware law. In March 2020, Bradley settled her claims in exchange for a $ 20 million payment from Kainos Capital along with additional confidential settlement terms.
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Case No. CL14-399). The claims arose from the sale of residential mortgage-backed securities to the Commonwealth by the defendant banks who ultimately resolved the litigation in a 2016 settlement in which $ 63 million was to be paid to the
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former officers in New Hampshire federal court, filing a complaint and defeating a motion to dismiss in a lengthy reported opinion.  After conducting discovery, the parties agreed to a confidential settlement of all claims.
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The firm represented Plaintiff Claymore Holdings as the assignee of the claims of investment funds managed by Highland Capital Management in a fraudulent inducement and breach of contract lawsuit against global investment bank
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Collins engaged in settlement discussions and obtained a $ 23.6 million settlement of the claims against the company's lenders, including PNC Bank, Bank of America, and U.S. Bank.
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office with Jonathan Kass as a partner and Norman Monhait as counsel. Today, the firm has 40 lawyers who prosecute claims in state and federal courts around the country.
1482: 1185: 469: 350: 301:. Resolving a circuit split, the key ruling limited the application of Rule 546(e) of the bankruptcy code and opened new avenues of recovery for bankruptcy trustees 855: 1217: 756: 1083: 1308: 1477: 1487: 816: 1132: 887: 584: 495: 378: 211: 1422: 1159: 1365: 1221: 983: 791: 291: 965: 1492: 1403: 909: 112: 1248: 615: 1327: 940: 1277: 1107: 1016: 679: 1346: 882: 589: 191: 1193: 473: 1441: 117: 1384: 553: 434: 223: 215: 214:, including founding partners William T. Reid, IV and Lisa S. Tsai. Among their first cases were the bankruptcies of 645: 239: 732: 558: 529: 439: 210:
The firm was formed in November 2009 with nine lawyers who had previously worked at Diamond McCarthy and the
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office with partners Eric D. Madden and J. Benjamin King. In October 2014 the Dallas office moved to
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on a contingency-fee basis. By the end of 2010, the firm had 15 lawyers. In 2013, the firm opened a
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proceedings. In January 2021, the parties reached a confidential settlement of the action.
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Complex plaintiff’s contingency fee litigation, business litigation, insolvency litigation
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In February 2018, the firm won an important ruling on fraudulent transfer law in the
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hired the firm to represent their funds in a fraud and contract lawsuit against
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partner Marc T.G. Dworsky as a partner. In March 2021, the firm opened a
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The parties settled the matter under confidential terms in October 2019.
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Key practice areas include financial fraud, professional liability,
1108:"Credit Suisse Ordered To Pay $ 121M in Vegas Fraud Fight - Law360" 1309:"Bear Stearns Funds Slap Reed Smith With $ 500M Malpractice Claim" 941:"NY Judges Won't Toss Investor Suit Against Renren Execs - Law360" 676:"Unfinished Business for the Presbyterian Church in America (PCA)" 26: 406:"National trial firm Reid Collins opens Wilmington office - DBT" 1074:"Credit Suisse Ordered to Pay Highland Capital $ 287.5 Million" 554:"Small Size, Big Cases: The 2016 Litigation Boutiques Hot List" 1462: 784:"Reid Collins Opens Dallas Office With Diamond McCarthy Hires" 470:"Lawyer Limelight: William "Bill" T. Reid IV and Lisa S. Tsai" 1404:"Brown Rudnick Reaches Settlement In $ 300M Malpractice Suit" 1366:"Co-Founder Sues PE Firm Kainos Capital Principals For Fraud" 1249:"Justices Limit Ch. 11 Safe Harbor For Securities Clawbacks" 966:"Renren Investor Suit Persists As NY Judge OKs Jurisdiction" 910:"In Leap To Plaintiffs Boutique, Munger Vet Makes Rare Move" 733:"Reid, Collins & Tsai Flourishing With Contingency Fees" 222:
and Cornerstone Ministries Investments. In 2010, hedge fund
1423:"Fresh & Easy Ch. 11 Plan, Disclosure Confirmed In Del" 1328:"Bear Stearns Hits Reed Smith With $ 500M Malpractice Suit" 1009:"Highland Entity Blames Credit Suisse For $ 285M Refi Loss" 1160:"Virginia Sues 13 Banks For $ 1.15 Billion Alleging Fraud" 1133:"Virginia Sues 13 Banks for $ 1.15 Billion Alleging Fraud" 646:"Key Ruling Brings Thelen Bankruptcy Closer to Conclusion" 530:"Plaintiffs Firm Touts Texas-Sized Bonuses to Top Cravath" 379:"Reid Collins Opens Del. Office With Ex-Offit Kurman Atty" 1347:"Bear Stearns, Reed Smith Settle $ 500M Malpractice Suit" 1278:"U.S. Supreme Court Takes Up Bankruptcy Clawback Dispute" 1042:"Jury faults Credit Suisse in Lake Las Vegas refinancing" 585:"Eight Diamond McCarthy lawyers defect to start new firm" 128: 1186:"11 Big Banks To Pay Va. $ 63M Over Alleged RMBS Fraud" 496:"Mediation Plays Increasing Role in Bankruptcy Cases" 99:
William T. Reid, IV, Lisa S. Tsai, and Eric D. Madden
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Claymore Holdings, LLC vs. Credit Suisse AG, et al.
123: 111: 103: 95: 87: 76: 50: 39: 1442:"GTAT Trustee Sues Ex-CEO Over Ruinous Apple Deal" 1385:"Brown Rudnick Can't Duck $ 300M Malpractice Suit" 1072:Cronin Fisk, Margaret; Korosec, Tom (2015-09-05). 268:related to a Las Vegas real estate development ( 759:. Chambers and Partners. 2018. Archived from 8: 34: 878:"Sneak Peek: Thanksgiving Tower Renovation" 238:. In November 2018, the firm added former 33: 463: 461: 459: 258:In re Renren, Inc. Derivative Litigation 1483:Insolvency and corporate recovery firms 678:. christianobserver.org. Archived from 339: 528:Brenda Sapino Jeffreys (2016-12-15). 428: 426: 7: 400: 398: 372: 370: 345: 343: 964:Rosenstein, Philip (May 21, 2020). 1222:Supreme Court of the United States 25: 939:Ruscoe, Emilie (March 19, 2021). 700:Rucinski, Tracy (July 11, 2018). 908:Coe, Aebra (November 14, 2018). 1421:Montgomery, Jeff (2017-04-28). 1276:Scurria, Andrew (May 1, 2017). 1007:Jess Krochtengel (2014-12-02). 876:Candace Carlisle (2014-10-17). 782:Jess Krochtengel (2013-08-27). 472:. lawdragon.com. Archived from 377:Penton, Kevin (March 3, 2021). 1440:Salvatore, Cara (2017-04-19). 1307:Flaherty, Scott (2019-01-23). 819:. cdr-news.com. Archived from 644:Triedman, Julie (2014-11-21). 77: 40: 1: 1478:Law firms established in 2009 757:"Reid Collins & Tsai LLP" 118:Limited liability partnership 1488:2009 establishments in Texas 1402:Clough, Craig (2021-01-26). 1364:Sinay, Reenat (2019-01-28). 1131:Zajac, Andrew (2014-09-17). 815:Andrew Mizner (2013-08-30). 731:Council, John (2015-06-01). 674:Williams, Bob (2011-03-15). 468:Katrina Dewey (2016-12-04). 1383:LaSusa, Mike (2020-07-28). 1345:LaSusa, Mike (2019-10-11). 1326:LaSusa, Mike (2019-01-23). 224:Highland Capital Management 216:Stanford International Bank 140:Reid Collins & Tsai LLP 35:Reid Collins & Tsai LLP 1509: 494:Diane Davis (2016-04-20). 433:Zoe Tillman (2016-02-08). 240:Munger, Tolles & Olson 212:U.S. Department of Justice 1184:Kass, Dani (2016-01-22). 817:"Texas firm doubles down" 583:Jacob Dirr (2009-12-20). 435:"Reid Collins & Tsai" 1493:Law firms based in Texas 559:The National Law Journal 440:The National Law Journal 1296:(subscription required) 1283:The Wall Street Journal 1265:(subscription required) 1206:(subscription required) 1148:(subscription required) 1096:(subscription required) 1040:Tom Hals (2014-12-19). 1029:(subscription required) 928:(subscription required) 883:Dallas Business Journal 851:The Dallas Morning News 833:(subscription required) 804:(subscription required) 745:(subscription required) 663:(subscription required) 590:Austin Business Journal 572:(subscription required) 542:(subscription required) 500:Bankruptcy Law Reporter 452:(subscription required) 410:Delaware Business Times 80: of employees 1224:. 2018. Archived from 170:in complex commercial 31: 192:bankruptcy litigation 43: of offices 30: 296:Merit Management v. 244:Wilmington, Delaware 166:The firm represents 142:is a national trial 88:Major practice areas 1228:on January 12, 2019 712:on January 12, 2019 651:The American Lawyer 36: 763:on August 20, 2018 292:U.S. Supreme Court 236:Thanksgiving Tower 174:on a mixed-fee or 32: 1164:Financial Advisor 275:The firm filed a 137: 136: 113:Company type 107:November 23, 2009 104:Date founded 16:(Redirected from 1500: 1463:Official website 1450: 1449: 1437: 1431: 1430: 1418: 1412: 1411: 1399: 1393: 1392: 1380: 1374: 1373: 1361: 1355: 1354: 1342: 1336: 1335: 1323: 1317: 1316: 1304: 1298: 1297: 1294: 1292: 1290: 1273: 1267: 1266: 1263: 1261: 1259: 1244: 1238: 1237: 1235: 1233: 1214: 1208: 1207: 1204: 1202: 1201: 1192:. Archived from 1181: 1175: 1174: 1172: 1171: 1156: 1150: 1149: 1146: 1144: 1143: 1128: 1122: 1121: 1119: 1118: 1104: 1098: 1097: 1094: 1092: 1091: 1082:. 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Index

William Reid IV

New York
Austin
Dallas
Wilmington
Washington D.C.
Company type
Limited liability partnership
reidcollins.com
law firm
New York
Austin
Dallas
Wilmington
Washington, D.C.
plaintiffs
litigation
contingency-fee
fiduciary
bankruptcy litigation
insolvency
whistleblower
U.S. Department of Justice
Stanford International Bank
Thelen LLP
Highland Capital Management
Credit Suisse
Dallas
Thanksgiving Tower

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