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Reid Collins & Tsai LLP

United States 2024

Overview

Content is provided by the firm.

Reid Collins & Tsai LLP (Reid Collins) is a trial boutique handling complex commercial litigation, particularly claims arising out of financial fraud. Key clients include hedge funds, corporations, offshore liquidators, and bankruptcy trustees.

Reid Collins has extensive experience with high-profile cases involving large-scale financial fraud or insolvency. The firm has expertise in successfully pursuing claims against officers, directors, accountant, lawyers, and investment banks relating to the underlying fraud or misconduct and the willingness to pursue those claims on an alternative fee basis.

Rankings

Reid Collins & Tsai LLP is nationally ranked in 1 practice areas and metro ranked in 2 practice areas. Best Law Firms rankings are based on a rigorous evaluation process.

Read how Best Law Firms ranks firms

National Rankings

Tier 3
Tier 3 for Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law

Metro Rankings

Dallas/Fort Worth
Tier 1 for Litigation - Bankruptcy
Tier 2 for Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law
New York City
Tier 3 for Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law

About Our Clients

Reid Collins & Tsai LLP's key clients include hedge funds, corporations, offshore liquidators, and bankruptcy trustees.

Highlighted Client Comments

All client comments represent the opinions of the people who provided them. All potential clients are urged to remember that no two cases are ever completely alike and that the result in one case does not guarantee a similar result in another case.
Litigation - Bankruptcy
Reid Collins & Tsai is among the very best firms I have worked with as a trust fiduciary handling complex litigation. The Reid Collins & Tsai team is smart, aggressive, strategic, and plays to win.
Dean Ziehl, Partner/Chairman – Adelphia Recovery Trustc/o Pachulski Stang Ziehl & Jones LLP
Litigation - Bankruptcy
There really is not a better pure litigation shop in the business. Reid Collins & Tsai has gotten incredible results in landmark cases and in cases that have not made the headlines. What I find most impressive about them (and I have worked with Eric Madden and Bill Reid) is the way they handle the cases - firm grasp of the facts and the law and an unmitigated intent to litigate the case if necessary, but they don't let the academic arguments on the merits impact their practical judgment regarding whether a settlement is best for a client. I would not hesitate to recommend them for any sophisticated litigation matter.
Michael Nestor – Young Conaway Stargatt & Taylor, LLP
Litigation - Bankruptcy
Reid Collings & Tsai is a great firm. They are cutting-edge; their litigators are smart, effective, and know their business. They demonstrate expertise in Litigation-Bankruptcy and complex Commercial Litigation. They are a pleasure to work with.
Litigation - Bankruptcy
Reid Collins & Tsai has excellent litigators, who get high dollar results for their clients. Eric Madden has been particularly impressive, both in terms of substantive analysis, and the practical steps to achieve the best result for his clients.
Litigation - Bankruptcy
The team at Reid Collins & Tsai is world class when it comes to pursuing estate retained causes of action on behalf of creditors and trustees. Their experience enables them to quickly assess the situation and determine the most efficient and effective path forward. Reid Collins is our go-to law firm for the most difficult and challenging cases.
Eric Wilson, Partner – Kelley Drye

Rankings

National Rankings

Tier 3
Tier 3 for Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law

Regional Rankings

Dallas/Fort Worth
Tier 1 for Litigation - Bankruptcy
Tier 2 for Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law
New York City
Tier 3 for Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law

Practice Areas

The below are areas of legal specialty volunteered by the firm and do not designate a specialty in which a Best Law Firms ranking is held.
  • Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law
  • Commercial Litigation
  • Litigation - Bankruptcy
  • Litigation - Securities
  • Private Funds / Hedge Funds Law
  • Product Liability Litigation - Plaintiffs
  • Professional Malpractice Law - Plaintiffs
  • Qui Tam Law

Individuals Recognized in The Best Lawyers in America®

Reid Collins & Tsai LLP has 3 lawyers recognized for individual performance in the 2024 edition of The Best Lawyers in America®. By receiving this Best Lawyers recognition from their peers for their professional excellence, these lawyers made Reid Collins & Tsai LLP eligible for evaluation for Best Law Firms rankings. For almost two decades, Best Lawyers has awarded these singular accolades, making them the foundation of our Best Law Firms awards. Read more about our Best Lawyers process here.
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Client Comments

All client comments represent the opinions of the people who provided them. All potential clients are urged to remember that no two cases are ever completely alike and that the result in one case does not guarantee a similar result in another case.
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Main Location

Austin, TX
Building C, Suite 300
1301 South Capital of Texas Highway
Austin, TX 78746
United States
512-647-6100 Call our Austin, TX location at 512-647-6100 Get Directions Get directions to our Austin, TX location

Office Locations

Dallas, TX
Thanksgiving Tower, Suite 4200
1601 Elm Street
Dallas, TX 75201
United States
214-420-8900 Call our Dallas, TX location at 214-420-8900 Get Directions Get directions to our Dallas, TX location

Significant Matters

Below are matters chosen by the firm to highlight.

Won a $287.5 million judgment (which was later affirmed on appeal) for Highland Capital against Credit Suisse following a five-week trial on fraud and breach of contract claims related to a $540 million loan to the developers of the Lake Las Vegas resort.

Achieved a $63 million settlement to resolve claims by the Commonwealth of Virginia under the Virginia Fraud Against Taxpayers Act against several large banks related to fraudulent misrepresentations in the sale of residential mortgage-backed securities to the Commonwealth’s retirement system.

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, and thereby overturning long-standing and expansive interpretations of that defense by five circuit courts.

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