Eric D. Madden is a partner with Reid Collins & Tsai LLP, where his practice focuses on complex business and bankruptcy-related litigation. He has represented trustees, receivers, creditor committees, and defrauded investors in a number of major cases throughout the country. These cases often involve Ponzi schemes, financial fraud, and/or significant fraudulent transfers.
Noteworthy cases include:
- Recovering over $200 million to date from former executives, directors, and outside professionals of Insys Therapeutics, a formerly publicly traded company that illegally marketed a fentanyl spray to millions of people and contributed to the opioid crisis.
- Achieving a $21.5 million settlement for 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;
- Defeating a motion to dismiss a $1 billion lawsuit by the GTAT Litigation Trust against the former officers of GT Advanced Technologies Inc., a publicly traded company, regarding misrepresentations related to its failed contract with Apple to manufacture sapphire display screens for the iPhone;
- Securing several confidential settlements for the liquidating trustee of LJM2 Co-Investment, LP, the entity that Enron used in the infamous “Raptors” transactions to conceal over $1 billion in losses, regarding claims against its former counsel, accountants, and investment bankers;
- Obtaining a $23.6 million settlement for the Official Committee of Unsecured Creditors of Central Grocers, Inc., with respect to fraudulent transfer claims against several banks, including PNC Bank and Bank of America; and
- Representing the National Association of Bankruptcy Trustees, as amicus curiae, in a certified appeal to the Texas Supreme Court related to the $7 billion Ponzi scheme perpetrated by Allen Stanford, resulting in an important ruling restricting the scope of the good-faith defense to fraudulent transfer claims.
Eric has significant trial experience. He has successfully tried cases against a cast of characters – from a former member of the Gambino crime family to a former U.S. Congressman. In 2014, he served as lead counsel in securing one of the ten largest jury verdicts in the State of Texas.
Eric is widely recognized for his professional achievements, having been named the 2022 “Lawyer of the Year” for Bankruptcy Litigation for Dallas, Texas by Best Lawyers in America. He has been named to the Lawdragon 500 Leading Lawyers in America, has been ranked as a leading lawyer by Chambers USA, has earned an AV rating by Martindale-Hubbell, and has been named a “Super Lawyer” in business litigation. He has served in leadership positions within several organizations, including as Programming Co-Chair of the ABA Bankruptcy and Insolvency Litigation Committee, Co-Chair of the ABI Commercial Fraud Committee, and Co-Chair of the ABI Bankruptcy Litigation Committee. He is also a member of the board of directors for the American Bankruptcy Institute.
Eric received his B.A. and J.D. from the University of Kansas, where he was elected to Phi Beta Kappa, Order of the Coif, and Editor-in-Chief of the Kansas Law Review.
Updated Sep 2024
