Bankruptcy and Receivership
Reid Collins dominates in the representation of bankruptcy trustees, creditor committees, and receivers. When businesses fail due to corporate misconduct, we pursue the wrongdoers—directors and officers, Am Law 100 law firms, Big Four accounting firms, Wall Street banks, insurance conglomerates, and anyone else who enabled the collapse. Having litigated these claims nationwide, including before the United States Supreme Court, we know how to hold corporate actors accountable and recover for creditors.
Current Representations
Our past and present bankruptcy litigation representations include the post-confirmation estates of GWG Holdings, Farfetch Limited, Steward Health, Terraform Labs, Helios and Matheson/MoviePass, The Limited, Insys Therapeutics, GT Advanced Technologies, and Lyondell, among many others. We also represent foreign liquidators and trustees in their pursuit of cross-border bankruptcy litigation in U.S. courts through Chapter 15 proceedings and otherwise.
Our Approach
We approach bankruptcy claims creatively and do not accept the narratives fed to us. We delve deeper to find the root cause of the problems that led to liquidation or reorganization. While market cycles drive distress in businesses, we do not allow directors and officers to hide behind “market causes” when the truth lies in their own recklessness, self-interest, or fraudulent conduct. When corporate actors abuse their powers—and when their co-conspirators facilitate the abuse—we ferret them out and hold them accountable.
Our Process
First, we help clients navigate the tools available to collect information early. We relentlessly pursue turnover and pre-litigation discovery—including Rule 2004 requests—to learn the whole story and develop facts, rather than relying on narratives delivered to us.
Second, we investigate claims efficiently. We often work on a hybrid or contingency basis, proceeding at our own cost. We dedicate extensive manpower to parse the often-imperfect records of distressed companies and quickly get to the heart of the situation.
Third, we develop claims quickly and thoroughly—breach of fiduciary duty, fraud and misrepresentation, fraudulent transfer, preference, aiding and abetting, and more. Our team of litigators and bankruptcy lawyers brings decades of experience. We understand corporate transactions. We recognize the pitfalls. And we plead claims with precision to prevail in early motion practice and proceed to settlement or trial.
Fourth, we have top negotiators and trial lawyers who deliver results. Our track record speaks for itself.
These steps allow us to drive hard to a result and never get lost in the process of lawyering. When a business has failed due to corporate misconduct, there is no more meaningful justice than a monetary award that compensates victims for their losses.