William T. Reid IV, a founding partner of Reid Collins & Tsai LLP, has a national practice that focuses on complex plaintiff-side financial litigation, including but not exclusive to insolvency, professional liability, fraud, fiduciary duty, D&O, accountancy malpractice and cross-border disputes. Reid appears regularly before trial and appellate courts, including the Texas Supreme Court and has secured recoveries in the billions. Reid has further led precedent-setting litigation and currently leads derivative actions against AT&T, seeking hundreds of millions in damages for alleged breaches of fiduciary duty and unjust enrichment related to AT&T’s monetization of assets held by regional cellular partnerships.
Legal 500 Editorial commentary
- Profile
Accolades
Austin Elite
Key clients
- Oasis Investments II Master Fund Ltd
- Adam Bower and David Munoz
- Multiple regional cellular telephone partnerships
- Michael I. Goldberg - Trustee of the GWG Litigation Trust
- Christopher Kennedy and Alexander Lawson of Alvarez & Marsal Cayman Islands, the Joint Official Liquidators of Farfetch Limited
- North American Sugar Industries, Inc.
- Martin Trott and Christopher Smith, Foreign Representatives and Joint Official Liquidators of Madison Asset LLC
- JW Aluminum Company
- Allenby, LLC
- Haygood LLC
- Deborah Williamson, Receiver of the Heartland Receivership Entities
- Claymore Holdings, affiliate of NexPoint Advisors and Highland Capital Management Fund Advisors.
Work highlights
Representing Fang Holdings shareholders in a derivative action alleging insider looting, with the New York Supreme Court denying motions to dismiss and reinforcing U.S. jurisdiction over foreign actors.
Representing the GWG Litigation Trust in litigation over GWG Holdings’ collapse, alleging insider self-dealing and fraudulent transfers, securing $91.3M in settlements with further actions ongoing.
Representing Juul minority stockholders in a derivative action alleging conflicted stock issuance by controlling shareholders, seeking to unwind the transaction or recover its value.