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The RCT Legal Team

Austin Dallas New York Washington, D.C.

Reid Collins Partners with ACLU to Launch Litigation Campaign Against Unconstitutional and Racially-Motivated Police Conduct

Reid Collins is proud to be among 18 leading law firms from across the country that have joined the ACLU of Louisiana’s litigation campaign to challenge racially discriminatory policing practices in Louisiana. The initiative, called “Justice Lab: Putting Racist Policing on Trial,” seeks, over time and in a sustained fashion, to bring up to 1,000 cases in Louisiana challenging racially-motivated stops and seizures under the Fourth and Fourteenth Amendments and any other applicable laws. By focusing intensive efforts on a single state, Justice Lab aims to test the impact that litigation has on police conduct. More information about the Justice Lab project can be found here.

REID COLLINS DEFEATS MOTION FOR SUMMARY JUDGMENT IN LEGAL MALPRACTICE LAWSUIT

On June 17, 2020, Reid Collins defeated a motion for summary judgment in its legal malpractice lawsuit against Crane Heyman Simon & Clar (n/k/a Crane, Simon, Clar & Goodman), a Chicago-based bankruptcy boutique firm. Reid Collins represents the liquidating trustee of the World Marketing Liquidating Trust and sued Crane Heyman in 2017 for failing to advise former clients of their duties and responsibilities under the WARN Act.
In a move that should unsettle any distressed company needing its services, Crane Heyman argued that it could not have committed legal malpractice because its clients were already insolvent. The United States District Court for the Northern District of Illinois rejected that argument, issuing an 11-page opinion that denied Crane Heyman’s motion and emphasized that Crane Heyman’s position was “unsound as both a matter of law and policy.”
See story here.

REID COLLINS FILES LAWSUIT TO RECOVER MORE THAN $187 MILLION IN DAMAGES AGAINST DIRECTORS AND OFFICERS OF HELIOS AND MATHESON ANALYTICS, INC. AND MOVIEPASS INC.

On June 5, 2020, Reid Collins filed an action on behalf of Alan Nisselson, the chapter 7 trustee of Helios and Matheson Analytics, Inc. (“Helios”) and MoviePass Inc. (“MoviePass”) in the Bankruptcy Court for the Southern District of New York against former directors and officers of Helios and MoviePass. The Trustee seeks to recover at least $187 million in damages for breaches of fiduciary duty against the former directors and officers for recklessly causing Helios and MoviePass to waste hundreds of millions of dollars on a failing business in the face of glaring red flags that showed them that MoviePass could never succeed.
See Complaint here.

REID COLLINS FILES $63.6 MILLION LAWSUIT ON BEHALF OF BBVA USA

On May 29, 2020, Reid Collins filed a $63.6 million lawsuit in Dallas state court, asserting BBVA’s claims against three high-ranking former officers of Nobilis Health Corp., a former publicly traded company that owned and operated dozens of specialty surgical hospitals, ambulatory surgical centers, and multi-specialty clinics. The lawsuit alleges that these officers made negligent and/or fraudulent misrepresentations related to the company’s financial statements in order to avoid a loan covenant default and to obtain an additional loan from BBVA and its syndicate lenders.
See story here.

EIGHT REID COLLINS PARTNERS NAMED AS PLAINTIFF-SIDE LAWDRAGONS

Reid Collins is pleased to announce that William T. Reid IV, Eric Madden, Jason Collins, Lisa Tsai, Rachel Fleishman, Nate Palmer, Josh Bruckerhoff, and Craig Boneau have all been included in the 2020 Lawdragon Plaintiffs Issue. The magazine also includes features on Palmer, Bruckerhoff, and Boneau, who were all named to their first Lawdragon list in 2019. Reid Collins is honored and proud to be recognized by Lawdragon alongside the very best plaintiffs lawyers in the country. The online version of the Lawdragon Plaintiffs Issue can be found here.

The attorney responsible for this website is William T. Reid, IV

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