Reid Collins & Tsai

Texas

Address:
1301 S. Capital of Texas Hwy Suite 300
Austin, Texas 78746
Texas

Telephone:+1 512 647 6100
Fax:+1 512 647 6129
Email:

Quick facts:

Number of Partners: 24
Number of Attorneys: 36


Reid Collins & Tsai LLP (Reid Collins) is a trial boutique handling complex commercial litigation and bankruptcy-related litigation, particularly claims involving fiduciary liability, professional negligence, and financial fraud. Key clients include hedge funds, private equity funds, corporations, offshore liquidators, receivers, and bankruptcy trustees. Reid Collins has secured more than $2 billion in total judgments and settlements for its clients in the past several years alone.

 

Reid Collins is unique in several respects, including: (1) its extensive experience with high-profile cases involving large-scale financial fraud or insolvency; (2) its expertise in successfully pursuing claims against officers, directors, accountants, lawyers, and investment banks relating to the underlying fraud or misconduct; and (3) its willingness to pursue those claims on an alternative fee basis. Reid Collin has earned many professional accolades, including being:


Listed as a “Recommended Firm” in Chamber USA
Named “Litigation Department of the Year Finalist” by Texas LawyerSelected to the “Litigation Boutiques Hot List” by the National Law JournalDesignated as “Elite Trial Lawyers” by the National Law Journal; and Named a “Top 10 Plaintiffs Firm in America” by Benchmark Litigation.


Complex Commercial Litigation:

Reid Collins has achieved numerous victories in complex commercial litigation, including:

  • Won a $121 million judgment (which was later affirmed on appeal) for Highland Capital against Credit Suisse following a five-week trial on fraud and breach of contract claims related to a loan for the Lake Las Vegas resort;
  • Achieved a $63 million settlement to resolve claims by the Common- wealth of Virginia under the Virginia Fraud Against Taxpayers Act against several large banks related to fraudulent misrepresentations in the sale of residential mortgage-backed securities to the Commonwealth’s retirement system; and
  • Defeated a motion to compel arbitration of a $100 million class action alleging that Advocare International operates as an illegal pyramid scheme in violation of state and federal law, including the RICO statute.


Bankruptcy-Related Litigation:

Reid Collins has prevailed in many important bankruptcy-related litigation matters, including:

  • Won a landmark decision before the U.S. Supreme Court, restricting the scope of the section 546(e) “safe harbor” defense to fraudulent transfer claims, thereby overturning long-standing interpretations of that defense by five circuit courts;
  • Defeated a motion to dismiss a $1 billion lawsuit by the GTAT Litigation Trust against the former officers of GT Advanced Technologies Inc., a former publicly traded company, related to its failed contract with Apple to manufacture sapphire display screens for the iPhone; and
  • Achieved a $21.5 million settlement on behalf of the Official Committee of Unsecured Creditors of Fresh & Easy, LLC, with respect to claims against the former insiders – including billionaire Ronald Burkle – for breach of fiduciary duty and fraudulent transfer of certain assets.


Practice Areas:

  • Complex Commercial Litigation
  • Fiduciary Liability
  • Professional Liability
  • Financial Fraud
  • Bankruptcy-Related Litigation

Dallas 
Thanksgiving Tower 
1601 Elm Street, Suite 4200 
Dallas, TX 75201 
T: +1 214 420 8900
F: +1 214 420 8909


New York
 
810 Seventh Avenue, Suite 410
New York, NY 10019
T: +1 212 344 5200
F: +1 212 344 5299


Washington, DC
 
1775 Eye Street, NW, Suite 1150
Washington, DC 20006
T: +1 202 729 9890
F: +1 202 747 7674


Wilmington
1007 N. Orange St.
Nemours Bldg - 4th Floor
Wilmington, DE 19801
T: +1 302 467 1765

 

Last Updated Sep 2021