Updated Oct 2025
Reid Collins & Tsai LLP (Reid Collins) is a national 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.
The firm has earned numerous professional recognitions for its achievements, including being named: 2024 U.S. Bankruptcy Firm of the Year by Benchmark Litigation; 2021 and 2022 U.S. Business Torts Law Firm of the Year (and 2023, 2024 and 2025 finalist) by The National Law Journal; the 2022 Texas Business Litigation Department of the Year (and 2024 & 2025 finalist) by Law.com/Texas Lawyer; a 2021 and 2024 finalist for National Boutique/Specialty Department of the Year by The American Lawyer; a 2019-2025 finalist for U.S. Plaintiff Firm of the Year by Benchmark Litigation; listed as a “Recommended Firm” in Chambers USA; the 2020 U.S. Bankruptcy and Commercial Litigation Law Firm of the Year by The National Law Journal, and both a “Top 10 Plaintiffs Firm in America” and one of the Top U.S. Boutique Firms by Benchmark Litigation, among numerous other accolades.
Complex Commercial Litigation
Reid Collins has achieved numerous victories in complex commercial litigation, including:
• Obtained one of the largest shareholder derivative settlements in history – a $300 million “direct pay” settlement in the Renren Derivative Litigation – in a case which also set important jurisdictional precedents establishing the right of aggrieved minority shareholders to derivative standing under Cayman law and holding foreign individual and corporate defendants accountable for wrongdoing and fraud in U.S. courts.
• Won multiple appeals and obtained judgment of more than $64 million for Claymore Holdings/Highland Capital against Credit Suisse following a five-week trial (and subsequent bench trial) on fraud and breach of contract claims related to a loan for the Lake Las Vegas resort.
• Recovered nearly $100 million for state pension fund clients resolving claims under the Fraud Against Taxpayers Acts of multiple states against large Wall Street banks related to financial crisis-era sale of residential mortgage-backed securities.
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.
• 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.
Reid Collins has also become a national leader in the pursuit of legal malpractice claims. Over the past decade, the firm has pursued dozens of claims against more than 20 of the Am Law 100 firms, recovering hundreds of millions of dollars for its clients. While many of these claims arose out of financial frauds, the firm also has asserted claims against law firms for negligently documenting multimillion-dollar transactions, providing negligent tax advice, and failing to properly advise their corporate clients on securities laws or key government regulations.
Updated Oct 2025
Sidley is an elite global law firm. Harnessing 158 years of legal heritage, we provide strong representation on behalf of clients in more than 70 countries. Our lawyers apply a Built to WinSM client service model to their legal strategies, ensuring the best possible outcomes in complex transactional, restructuring, regulatory, and litigation matters. With 21 offices strategically situated in key commercial and financial hubs across the world, our perspective and our reach are truly global. Our 2,300 lawyers, fluent in more than 80 languages, possess the cultural awareness and cross-border legal acumen needed to bring clarity to a dynamic business landscape.
Follow Sidley on Twitter @SidleyLaw.
Appellate: Sidley is widely recognized as one of the premier appellate firms in the country, and as a trailblazer — regularly addressing intricate, precedent-setting issues in federal and state law in the Supreme Court, the federal courts of appeals, as well as state appellate and supreme courts across the nation. Since the inception of the practice in 1985, the team, including more than 20 former Supreme Court clerks, has briefed over 220 cases on the merits and argued more than 150 cases before the Court.
Bankruptcy: Sidley’s global Restructuring group is regularly involved in the largest restructurings throughout the world. The team represents companies facing in-court or out-of-court restructurings, official and ad hoc committees of creditors, agent lenders, and participants in distressed M&A processes. Sidley prides itself on the group’s ability to use innovative, bespoke approaches to obtain the best results in complex situations.
Commercial: Clients repeatedly turn to Sidley’s Commercial Litigation team when their most important disputes must be tried. Sidley’s track record of successes is unparalleled in high-stakes, mission-critical cases against well-regarded opponents, no matter the forum. The team’s full-service litigation capabilities are relied upon by leading global companies with household names.
Competition/Antitrust: As a part of the firm’s global antitrust offering, Sidley has a strong and well-respected litigation practice. Sidley lawyers represent clients in their most complex cases, including matters involving antitrust enforcement, merger clearances, claims of collusion, and other alleged antitrust violations. The team has represented domestic and international corporations, trade associations, government entities, professional societies, and individuals in the full range of civil and criminal trials.
Insurance: Sidley’s Insurance Disputes practice advises on significant insurance litigation nationwide across a variety of areas, including regulatory compliance, insurance class actions, reinsurance disputes, ERISA litigation, general commercial litigation, securities and shareholder litigation, and Supreme Court and appellate courts, among other areas.
Intellectual Property: Sidley boasts one of the most distinguished and highly regarded Intellectual Property litigation practices in the U.S., with approximately 80 lawyers and a deep bench of trial lawyers. Handling matters for innovation-driven clients ranging from global Fortune 500 companies to groundbreaking startups, the team develops winning strategies for high-stakes IP litigation involving patents, trade secret and unfair competition, false advertising, copyright infringement, and trademarks.
International Arbitration: Sidley’s Global Arbitration, Trade and Advocacy practice exemplifies a superior depth of knowledge of the law, regulatory challenges, and culture of the jurisdictions in which the team practices. Operating from the U.S., Europe, and Asia, the team works as a tightly integrated team of practitioners with different cultural and legal backgrounds and broad language capabilities.
Labor and Employment: Sidley is at the forefront of representing employers in major high-profile class and collective action litigation against many of the biggest and most aggressive plaintiffs’ firms in the country. The team is known for winning bet-the-company cases and deftly handling high-value discrimination, harassment, and retaliation claims, executive disputes, whistle-blower claims, restrictive covenant and trade secret litigation, and investigations involving matters of the utmost importance to companies.
Product Liability and Recall: Sidley’s Product Liability and Mass Torts practice has played key roles in many of the most significant product liability litigations. The team has decades of experience handling claims associated with products, the facilities that manufacture them, and the companies that sell them. We defend clients in state and federal courts and are typically lead counsel in multidistrict litigations and state coordinated proceedings.
Securities: Sidley’s Securities and Shareholder Litigation team stands out for the strength of its work, winning complex securities matters at the trial level and on appeal across a variety of sectors. The team’s deep bench and extensive experience allows Sidley to represent a wide range of clients. This includes major corporations and private companies, boards of directors and board committees, senior executives, financial advisers, investment banks, and auditors.
White Collar Crime: Sidley lawyers have handled investigations in more than 130 countries, collaborating seamlessly across borders and practice groups to offer a cohesive approach to white collar crime and corporate investigations matters. The firm can mobilize teams quickly to swiftly deploy the critical legal support needed to manage sensitive, high-profile investigations and litigation.
Updated Sep 2024
Milbank LLP is a leading international law firm with over 1000 lawyers providing innovative legal solutions for more than 150 years across multiple disciplines and practice areas. We are headquartered in New York and have offices in London, Frankfurt, Munich, Hong Kong, Singapore, São Paulo, Tokyo, Seoul, Los Angeles and Washington, DC.
Our litigators handle a broad range of litigation, arbitration, regulatory matters, and investigations for sophisticated entities. We are known for deploying teams of exceptional lawyers supported by the latest litigation technology to deliver best-in-class service and strategic, innovative, cost-effective, and practical legal advice to clients. Our attorneys thrive on complex, challenging and “bet the company” cases.
They represent clients in a wide range of areas, including:
Antitrust: Milbank’s global antitrust team advises on the full spectrum of antitrust issues in the US, EU, and other significant antitrust jurisdictions throughout the world. Our antitrust litigators regularly handle multi-jurisdictional criminal and civil investigations and follow-on private litigation asserting antitrust price-fixing conspiracy, monopolization/abuse of dominance and market manipulation claims. Our attorneys have held senior positions at US federal agencies and regularly provide counseling to clients in these and other industries on a wide variety of antitrust topics.
Bankruptcy and Restructuring: Milbank is a global industry leader for creditor representations. We regularly represent official and ad hoc committees, individual creditors, companies, investors, boards, underwriters, and other parties in interest in corporate and restructuring transactions throughout the world. Milbank has successfully represented official and ad hoc creditor committees (often composed of members with divergent interests) in many of the largest and most high-profile restructurings over the past two decades.
General Commercial: Milbank is highly diversified in its complex commercial litigation practice, with matters including breaches of contract; business torts such as fraud, breach of fiduciary duty, tortious interference with contract, tortious interference with prospective business relations; and regulatory matters involving state and federal statutory law.
Intellectual Property: Milbank’s New York team provides comprehensive and sophisticated IP services to the world’s leading businesses. In addition to litigation, Milbank provides pre-litigation counselling, cutting-edge finance and transactional IP representation (including restructurings), and assistance with alternative dispute resolution and settlement negotiations. Milbank’s IP lawyers have extensive experience in both the “tech” and life sciences sectors.
International Arbitration: Our lawyers act as counsel and arbitrators in international arbitrations under all of the major international arbitration rules and before all major arbitral institutions. We also handle subsequent or ancillary litigation that may arise in different jurisdictions, including in connection with efforts to confirm, vacate, correct and/or clarify arbitral awards.
Securities: Milbank has one of the leading securities litigation practices in the United States, representing clients in some of the most influential, high-stakes, and high-profile cases ever brought under federal and state securities laws. Our securities litigators are backed by one of the nation’s leading white-collar crime and SEC enforcement teams driven by partners who are former Assistant US Attorneys from the Southern District of New York and elsewhere, as well as the former co-director of enforcement at the SEC. Our team has served as lead counsel in some of the largest and highest-profile securities litigation matters in the world.
White-Collar and Government Investigations: Milbank’s White-Collar Defense and Investigations lawyers, many of whom are former federal prosecutors and SEC attorneys, combine substantial government experience with in-depth knowledge of the legal landscape applicable to the financial services industry and corporate clients, and a strong grasp of criminal and regulatory enforcement issues faced by companies across many industries and jurisdictions. Milbank represents institutions and individuals in some of the most high-profile and complex investigations or prosecutions by law enforcement authorities, both in the United States and internationally.
Updated Nov 2025