(l-r) Lisa Tsai, Rachel Fleishman, Bill Reid, P. Jason Collins, and Eric D. Madden, with Reid Collins & Tsai.Bankruptcy: Reid Collins & Tsai
Reid Collins & Tsai talks about what issues landed the firm on the National Law Journal's 2019 Elite Trial Lawyers list.
September 27, 2019 at 10:00 AM
2 minute read
Tell us about your biggest client wins this year.
Trying and winning the IDS case within three months of filing it. That victory was truly rewarding, because Reid Collins secured dissolution of the company and wrested control from bad management. The ruling should hasten the company's life-changing technology to help stem the rampant addiction caused by opioid abuse.
Reid Collins' landmark [U.S. Supreme Court] victory in [Merit Management Group v. FTI Consulting], which severely limited the scope of Section 546(e) of the bankruptcy code, changed the landscape of fraudulent transfer litigation and is now used as precedent, inter alia, in the firm's $1 billion Boston Generating case.
What's the best lesson you learned as a young lawyer?
Forget fear and take action if you want results. Taking no action always guarantees no result.
What's been the most significant change in your practice area, and how have you adjusted? The vanishing jury trial. Despite this, the unrivaled value of trial experience is underscored for all.
Share an interesting fact about your firm that few know.
Although based in Austin, Texas, Reid Collins has virtually no work there—it's a national practice with a nontraditional base.
Submitted by Bill Reid, Reid Collins & Tsai cofounder and partner.
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Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
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