Gregory Schwegmann

Greg Schwegmann is a partner at Reid Collins & Tsai. Greg regularly appears in federal and state courts and arbitrations across the country representing clients in high-stakes, complex commercial litigations, in cases involving financial fraud, securities matters, professional/fiduciary liability, and cross-border financial litigation. His clients include bankruptcy trustees, foreign liquidators, federal receivers, distressed corporations, and investors, among others.

Greg often finds innovative and creative solutions to complex legal issues to maximize recoveries for his clients. For example, he led the team that won a landmark victory in the Seventh Circuit concerning the scope of section 546(e) of the Bankruptcy Code. The U.S. Supreme Court, in Merit Management Group v. FTI Consulting, affirmed the Seventh Circuit’s ruling, opening new avenues of recovery for bankruptcy trustees across the country.

Benchmark Litigation named Greg to its 40 & Under Hot List in 2018, which recognizes leading litigation attorneys.  In 2019, Benchmark Litigation recognized him as a “Future Litigation Star.” Greg is also a member of the National Association of Federal Equity Receivers, the National Association of Bankruptcy Trustees, the American Bankruptcy Institute, and INSOL International and frequently writes and speaks on matters related to litigation in the context of Bankruptcy.

Greg received his J.D. from New York University School of Law and his B.A. in Mathematics and Philosophy from the University of Texas at Austin where he graduated with honors from the College of Liberal Arts and with special distinction in Philosophy. Between undergrad and law school, he served as a Peace Corps Volunteer for two years in Tanzania, East Africa.

Updated Oct 2025

• Counsel to the minority partners of fourteen separate cellular partnerships pursing fourteen separate derivative actions against AT&T and its affiliates for various claims, including breach of fiduciary duty and breach of contract.  The cases, in the aggregate, seek over $1 billion in damages.
  
  
• Lead counsel to the Chapter 7 trustee of Live Well Financial Inc., a defunct corporation whose insiders perpetrated a massive fraudulent bond-pricing scheme, pursing claims against the former directors and officers of the company and various third-party professionals for breach of fiduciary duty, fraudulent transfer, legal malpractice, and aiding and abetting fraud and fiduciary duty on behalf of the Chapter 7 estate.  Although several claims are ongoing, to the date these actions have generated tens of millions of dollars to the estate and its creditors.
   
• Lead counsel to the litigation trustee for a bankrupt racetrack and casino development company pursuing the recovery of tens of millions of dollars in fraudulent transfers to multiple entities. In pursuing these actions, Greg won a landmark victory in the Seventh Circuit Court of Appeals on the scope of the §546(e) safe harbor, which was affirmed by the Supreme Court of the United States.
  
  
• Representation of Bankruptcy Trustee and Trustee of a Private Actions Trust pursuing the claims of over 400 victims of a Ponzi scheme against a national life insurance company for securities fraud and the negligent employment of the agents that perpetrated the scheme for over a decade.
  
  
• Representation of the SEC Receiver appointed to recover assets in connection with the second-largest Ponzi scheme in Minnesota history in a $47.5 million fraudulent transfer claim against a futures commission merchant.

• B.A. - The University of Texas at Austin, Mathematics and Philosophy, With Honors - 2000
• J.D. - New York University School of Law - 2007

• National Association of Federal Equity Receivers    
• National Association of Bankruptcy Trustees    
• American Bankruptcy Institute    
• INSOL International

• New York - 2007