Reid Collins & Tsai LLP has and extremely broad commercial disputes offering and is particularly strong in litigation in connection to restructuring and bankruptcy proceedings where the firm acts for trustees, estates, and investors in an array of complex cases. The firm also advices on investigations relating to breach of fiduciary duty cases, allegations of fraud, and civil rights lawsuits, and has notable clients in finance, commerce, and insurance. With deep practice praised as ‘very smart, very experienced, and tremendously hard working’, the leading names in Austin are William T. Reid , a former federal prosecutor and experienced trial lawyer with a track record of success in recovery cases, derivatives suits, and securities litigation, and Lisa Tsai, who has acted in contractual disputes against major commercial lenders. In Dallas, the ’tenacious litigator‘ Eric Madden is a key contact and has led on disputes between bankrupt companies and former executives.
Legal 500 Editorial commentary
Accolades
Client satisfaction: Lawyer & team quality
Client satisfaction: Billing & efficiency
Client satisfaction: Sector knowledge
Testimonials
Collated independently by Legal 500 research team.
- ‘Each of the lawyers I've worked with would be a superstar at any other firm. They are all very smart, very experienced, and tremendously hard working. They are, by both personality and preference, plaintiff's lawyers: proactive, strategic, aggressive, and practical.
- 'They have mastered the arcana of the client's business: highly complex technology that is evolving at a break-neck pace. They have mined the relevant financial and operational documents, and discovered previously unrealized sources of value. They have done exhaustive multi-jurisdictional research on the universe of issues and applied the results creatively and skillfully. And always, they act with integrity and professionalism.
- ‘Bill Reid and Jeff Gross - experience and track record. You know they've got your back.’
- ‘Reid Collins is the top restructuring litigation firm in the country. The lawyers at Reid Collins are able to aggressively litigate a matter through to final judgment. At the same time, partners at the Firm are able to review a matter objectively and to consider all factors in arriving at a commercial result that is best for its clients.’
- ‘Eric Madden is my go-to at the firm - a tenacious litigator, sound financial judgment, and commercial common sense. One of the best in the industry.’
Key clients
- Trustee of the GWG Litigation Trust
- Affiliate of NexPoint Advisors and Highland Capital Management Fund Advisors
- Trustee of the Insys Liquidation Trust
- Trustee of the SHC Creditor Litigation Trust
- Apollo Capital Management
- Foreign Representatives and Joint Official Liquidators of Madison Asset LLC
- Wind Down Officer of KServicing Inc. (f/k/a Kabbage Inc.)
- North American Sugar Industries, Inc.
- JW Aluminum Company
- Oasis Investments II Master Fund Limited
- Joint Official Liquidators of Farfetch Limited
- Chapter 7 Trustee of the Live Well Financial Inc. bankruptcy estate
Work highlights
Obtained nearly $100 million in recoveries to date representing the GWG Litigation Trust, successor of bankrupt insurance services provider GWG, in ongoing investigation and prosecution of alleged insider self-dealing scheme.
Obtained $66 million recovery for St. Elizabeth's Medical Center property owner in an eminent domain dispute with the Commonwealth of Massachusetts.
Obtained over $300 million in settlements and judgments to date in ongoing prosecution of Insys Therapeutics’ former executives, D&Os, and outside professionals for illegal fentanyl spray marketing scheme which led to criminal prosecutions and collapse of the company, as well as contributing substantially to the opioid crisis.
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Practice head
Lisa Tsai; William Reid; Eric Madden