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William T. Reid IV

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William T. Reid IV
BornWilliam Thomas Reid IV
1967
Westchester County, New York
🏡 ResidenceAustin, Texas
🏳️ NationalityAmerican
🏫 EducationUniversity of Connecticut (B.A.), (B.S.)
St. John's University School of Law (JD)
💼 Occupation
Lawyer
📆 Years active  1992 – present
Title
  • Co-founder of Reid Collins & Tsai LLP (2009)
  • Board member of The Magellan International School (2015)[1]

William Thomas Reid IV (born 1967) is an American lawyer and founding partner of Reid Collins & Tsai LLP.[2][3] He represents public companies (such as Highland Capital Management L.P.),[4][5][6] private companies, bankruptcy fiduciaries, liquidators and SEC receivers. Reid is a commercial litigator.[7][8]

Early life and education[edit]

William T. Reid IV was born in 1967 in Westchester County, New York.[9] He studied at the University of Connecticut at Storrs and received a dual undergraduate degree, a B.A. in Economics, and B.S. with Honors in Accounting, in 1989.[10] In 1992, he received J.D., cum laude, from St. John's University School of Law.[11][12] He contributed an article to the St. John's Law Review.[13]

Career[edit]

Reid traveled to Texas in 1992 and started his legal career as a law clerk to Reynaldo G. Garza of the United States Court of Appeals for the Fifth Circuit.[8] In 1993, Reid joined Hughes & Luce LLP in Texas as a litigation associate.[8] Later that year, he was admitted to the State Bar of Texas.[14]

Reid became Assistant United States Attorney in the United States District Court for the Western District of Texas in 1997 and was stationed in Del Rio, Texas.[8] From 1997 to 2000, he focused on complex drug and corruption prosecutions, trying 25 cases to verdict[8] and getting 24 convictions.[7]

Reid returned to private practice in 2000, joining Diamond McCarthy LLP in Austin.[8] He represented plaintiffs in several bankruptcy cases, including Andrew Fastow’s LJM2 company[15] and InverWorld.[16][17] He also secured a $6 million judgement against Western Heritage Insurance Company for Austin businessman Brad Meltzer.[18] Reid was retained as counsel for the family of criminal defense attorney, Alan Brown, of Brown & Norton in their Federal Tort Claims Act suit against the IRS,[19] which resulted in a $1.34 million settlement.[20] Reid acted as co-trial counsel with McKool Smith in the City of San Antonio v. Hotels.com, L.P.[21][22] The case was reversed on legal grounds in 2017.[23]

In November 2009, Reid and several partners founded the law firm Reid Collins & Tsai.[2][24] Among his first cases were the bankruptcies of Stanford International Bank,[25]Thelen LLP[26] and Cornerstone Ministries Investments.[27] In October 2011, R.J. Zayed, the court-appointed SEC receiver in Trevor Cook’s $194 million Ponzi scheme, hired Reid to provide legal support in litigation on a contingency-fee basis.[28]

Starting in 2010,[29][30] Reid has represented Highland Capital Management in a number of lawsuits, including a "legal malpractice/negligence" suit against Orrick, Herrington & Sutcliffe[31][32] that resulted in an undisclosed settlement.[33] Reid’s most notable work representing Highland Capital has been a 2013-2015 case against Credit Suisse for defrauding investors in the Lake Las Vegas development that resulted in a $40 million judgement in 2014[34][35] and $287.5 million judgment in 2015.[36][37]

In December 2017, Reid represented Olga Hernandez, a former San Antonio Independent School District trustee, in a two-week federal bribery trial. She was acquitted on all counts.[38][39] Reid represented Hernandez on a pro bono basis[38] and it was his first criminal defense case after leaving the U.S. Attorney’s Office in 2000.[citation needed]

Recognition[edit]

Reid was selected to Thomson Reuters' Super Lawyers in 2005 – 2006 and 2011 – 2017.[40] In 2016 and 2017, Best Lawyers featured Reid in the "Best Lawyers in Texas" list under “Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law” category.[41][42] Also in 2016 and 2017, Lawdragon Magazine included him into its "Leading Lawyers in America" list.[43][44]

Personal life[edit]

Reid lives in Austin with his wife Misty[45] and 3 children.[1]

References[edit]

  1. 1.0 1.1 "Magellan's Board of Directors". magellanschool.org. Archived from the original on 2018-01-08. Retrieved 2018-01-08.
  2. 2.0 2.1 Zoe Tillman (2016-02-08). "Reid Collins & Tsai". The National Law Journal. Retrieved 2017-12-09.(subscription required)
  3. Jacob Dirr (2009-12-20). "Eight Diamond McCarthy lawyers defect to start new firm". Austin Business Journal. Archived from the original on 2017-12-09. Retrieved 2017-12-08.
  4. Sean Lester (2014-12-03). "Dallas-based Highland Capital seeks $250 million from Credit Suisse for appraisal". The Dallas Morning News. Archived from the original on 2018-01-08. Retrieved 2018-01-08.
  5. Tom Hals (2014-12-19). "Jury faults Credit Suisse in Lake Las Vegas refinancing". Reuters. Archived from the original on 2017-12-09. Retrieved 2017-12-09.
  6. Cronin Fisk, Margaret; Korosec, Tom (2015-09-05). "Credit Suisse Ordered to Pay Highland Capital $287.5 Million". Bloomberg News. Archived from the original on 2015-09-09. Retrieved 2017-12-09.(subscription required)
  7. 7.0 7.1 "Trial Pros: Reid Collins' Bill Reid". Law360. 2016-05-16. Archived from the original on 2018-01-08. Retrieved 2018-01-08.(subscription required)
  8. 8.0 8.1 8.2 8.3 8.4 8.5 Katrina Dewey (2016-12-04). "Lawyer Limelight: William "Bill" T. Reid IV and Lisa S. Tsai". Lawdragon Magazine. Archived from the original on 2017-09-23. Retrieved 2017-12-09.
  9. "William T Reid, IV: Diamond McCarthy LLP". lawyercentral.com. Archived from the original on 2017-12-22. Retrieved 2017-12-22.
  10. "One Hundred and Sixth Annual Commencement". University of Connecticut. 1989-05-21. Archived from the original on 2018-01-07. Retrieved 2018-01-07.
  11. "Giving by Class Year" (PDF). St. John's Law Alumni Magazine (Fall 2015): 45. Archived from the original (PDF) on 2018-01-08. Retrieved 2018-01-08.
  12. Katrina Dewey (2017-05-17). "Day 43: St. John's Law School a Strong Pipeline to Politics, Law". Lawdragon Magazine. Archived from the original on 2018-01-07. Retrieved 2018-01-07.
  13. Reid, William T. (1991). "Implied Repeal of the Sherman Act Via the Williams Act: Finnegan v. Campeau Corp". St. John's Law Review. 65 (3): 965–980. Archived from the original on 2018-01-08. Retrieved 2018-01-08.
  14. "Mr. William T. 'Bill' Reid IV". State Bar of Texas. 2017-03-03. Archived from the original on 2018-01-11. Retrieved 2018-01-11.
  15. William Hoffman (2002-10-13). "Feds show their hand with Fastow complaint". Dallas Business Journal. Archived from the original on 2018-01-17. Retrieved 2018-01-17.
  16. Joel Millman (2002-05-16). "Former Chairman of Inverworld Pleads Guilty in Ponzi Scheme". The Wall Street Journal. Archived from the original on 2018-01-16. Retrieved 2018-01-16.
  17. Ammann, Daniel (2003-08-06). "«Nichts getan, um den Betrug zu stoppen»" ["Nothing done to stop the fraud"]. Die Weltwoche (in German). No. 32. Archived from the original on 2018-01-16. Retrieved 2018-01-16. If Reid were a class-action plaintiff looking for the quick buck, things could be easier for UBS. But as a former vice prosecutor and legal advisor to the officially appointed estate administrator, his word has a lot of weight. Last December, for example, he forced the law firm representing Inverworld into a settlement: it pledged to pay $24 million.CS1 maint: Unrecognized language (link)
  18. "Meltzer Family Corporation, Austin Westheimer Oaks, L.P., and Infinity Management, Inc. v. Western Heritage Insurance Company". morelaw.com. 2005-02-09. Archived from the original on 2018-01-15. Retrieved 2018-01-15.
  19. United States v. Search of Law Office Residence and Storage Unit Alan Brown, 341 F. 3d 404 (United States Court of Appeals for the Fifth Circuit 2003-07-31).
  20. John Council (2007-04-12). "Texas Lawyers Fight the IRS and Win". Texas Lawyer. Retrieved 2018-01-18 – via law.com.(subscription required)
  21. Guillermo Contreras (2009-10-31). "City wins suit over hotel tax". San Antonio Express-News. Archived from the original on 2015-08-21. Retrieved 2018-01-17.
  22. Guillermo Contreras (2009-10-06). "City takes on bookers of hotels". San Antonio Express-News. Archived from the original on 2018-01-17. Retrieved 2018-01-17.
  23. Audryana Camacho (2017-12-06). "Extras on Excise: Federal Courts Say Online Travel Agencies Have No Duty to Collect Local Lodging Taxes". Bloomberg BNA. Archived from the original on 2018-01-31. Retrieved 2018-01-31.
  24. Jacob Dirr (2009-12-20). "Eight Diamond McCarthy lawyers defect to start new firm". Austin Business Journal. Archived from the original on 2017-12-09. Retrieved 2018-01-18.
  25. "In re Stanford International Bank Ltd. Debtor in a Foreign Proceeding". Law360. Archived from the original on 2017-12-09. Retrieved 2018-01-19.
  26. Triedman, Julie (2014-11-21). "Key Ruling Brings Thelen Bankruptcy Closer to Conclusion". The American Lawyer. Retrieved 2018-01-19.(subscription required)
  27. Williams, Bob (2011-03-15). "Unfinished Business for the Presbyterian Church in America (PCA)". christianobserver.org. Archived from the original on 2016-08-16. Retrieved 2018-01-19.
  28. Dan Browning (2011-10-21). "Receiver in Cook fraud widens net in a bid to recover millions". Star Tribune. Retrieved 2018-01-19 – via pressreader.com.
  29. Council, John (2015-06-01). "Reid, Collins & Tsai: A Deep Bench". Texas Lawyer. p. 13. |access-date= requires |url= (help)
  30. "Highland Capital Management, L.P. et al v. Bank of America, National Association, Case No. 3:10-cv-01632-L in the Texas Northern District Court". plainsite.org. 2017-01-18. Archived from the original on 2018-02-05. Retrieved 2018-02-05.
  31. Jim Vassallo (2012-01-27). "Highland Financial Partners Files Lawsuit Against Orrick Herrington & Sutcliffe LLP". jdjournal.com. Archived from the original on 2018-01-19. Retrieved 2018-01-19.
  32. Margaret Taylor (2012-01-30). "Highland Financial hits Orrick with $95m claim as RBS case continues". The Lawyer. Archived from the original on 2017-12-10. Retrieved 2018-01-19.(subscription required)
  33. Jess Krochtengel (2012-11-30). "Orrick Resolves $95M Malpractice Claims Over CDO Deal". Law360. Archived from the original on 2016-03-17. Retrieved 2018-01-19.(subscription required)
  34. Kaja Whitehouse (2014-12-19). "Highland Capital wins $40M in suit vs. Credit Suisse". USA Today. Archived from the original on 2016-01-16. Retrieved 2018-01-23. William Reid, a lawyer for the Highland entity that sued Credit Suisse, said he will be asking the court for judgment for over $300 million in that case — thanks to the jury's finding on Friday "that Credit Suisse committed fraud."
  35. Tom Hals (2014-12-19). "Jury faults Credit Suisse in Lake Las Vegas refinancing". Reuters. Archived from the original on 2018-01-23. Retrieved 2018-01-23. William Reid, Highland’s outside counsel with Reid Collins & Tsai law firm, said the fund would seek $300 million in damages against the bank next year, when breach of contract claims go to trial.
  36. Joseph Checkler (2014-09-04). "Judge Orders Credit Suisse to Pay Highland $287.5 Million in Suit Over Loan". The Wall Street Journal. Archived from the original on 2015-09-05. Retrieved 2017-12-09.(subscription required)
  37. "Credit Suisse to pay $288 million in damages in Lake Las Vegas refinancing". Reuters. 2015-09-05. Archived from the original on 2018-01-23. Retrieved 2018-01-23.
  38. 38.0 38.1 Alia Malik (2017-12-19). "Jury finds former SAISD trustee not guilty in bribery case". San Antonio Express-News. Archived from the original on 2017-12-22. Retrieved 2018-01-22.(subscription required)
  39. Edmond Ortiz (2017-12-19). "Former SAISD Trustee Found Not Guilty in Federal Bribery Case". therivardreport.com. Archived from the original on 2017-12-22. Retrieved 2018-01-22.
  40. "William T. Reid IV". superlawyers.com. Thomson Reuters. Archived from the original on 2018-01-20. Retrieved 2018-01-20.
  41. "Bankruptcy and creditor debtor rights / Insolvency and reorganization law". Best Lawyers in Texas 2016. 2016-05-24. p. 12 – via issuu.com.
  42. "Bankruptcy and creditor debtor rights / Insolvency and reorganization law". Best Lawyers in Texas 2017. 2017-06-07. p. 8 – via issuu.com.
  43. "The Lawdragon 500: 2016 Leading Lawyers in America". Lawdragon Magazine. Retrieved 2018-01-21.
  44. "The Lawdragon 500: 2017 Leading Lawyers in America". Lawdragon Magazine. Retrieved 2018-01-21.
  45. Nicole Villalpando (2014-11-07). "A new family for the art deco Bohn House". Austin American-Statesman. Archived from the original on 2018-01-22. Retrieved 2018-01-22.

External links[edit]


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