Craig A. Boneau
Craig is a partner at Reid Collins & Tsai in the Austin office. Craig appears in federal and state courts and arbitrations across the country representing plaintiffs in professional-liability litigation, including legal and audit malpractice, financial-fraud-based litigation, insolvency disputes, and cross-border financial litigation.
- Craig represents the bankruptcy trustee of a insurance brokerage firm asserting breach of fiduciary duty claims against the firm’s principals.
- Craig represents private equity firm that purchased over $100 million in notes from a drug-development fund asserting claims for breach of the notes against the principals of the drug-development fund.
- Craig represented a founder of a private equity firm asserting claims against his client’s co-founders for the theft of his client’s ownership interest in the firm that assisted the co-founders. The case settled on confidential terms.
- Craig represented the Cayman Island liquidators of the Bear Stearns feeder funds asserting a $500 million legal malpractice claim against a major U.S. law firm. The case settled on confidential terms prior to a decision on a motion to dismiss.
- Craig represented an E&P oil and gas company in its $100 million suit against an investment fund and its partner for misappropriating confidential information obtained under an NDA to usurp a deal for a oil and gas property. The suit settled on confidential terms after Craig’s client defeated a motion to dismiss and an appeal of the trial court’s decision.
- Craig represented the litigation trustee for the estates of a group of health-care related entities in its breach of fiduciary duty and fraudulent transfer claims against its former directors and officers. The matter settled for a confidential amount prior to the initiation of litigation.
- Craig represented the litigation trustee for the estate of a bank holding company in claims against the former directors and officers for breaches of fiduciary duty and against the former auditor for audit malpractice. The matter settled for a confidential amount prior to the initiation of litigation.
- Craig represented the SEC-appointed receiver to recover assets in connection with a $475 million Ponzi scheme perpetrated by Trevor Cook, including pursuing fraudulent transfer claims against a futures commission merchants.
- Craig represented a litigation trustee for a group of bankrupt funds that were part of an investment structure run out of New York. The funds include Cayman Island and Bermuda based funds. Craig is pursued fraudulent conveyance, negligence, and fraud claims against the funds’ professional service providers. The matter was successfully settled.
- Craig represents the liquidators of Cayman hedge funds that invested in a group of failed CDOs. Craig is currently pursuing claims against a large, international law firm for its alleged role in a multimillion-dollar fraud on the funds. The representation also included pursuit of U.S.-law and Cayman-Island-law based fraudulent conveyance claims against a large international bank which has since been successfully settled.
- Craig represented the Texas County Retirement Systems, a governmental pension fund, in pursuit of its fraud claims against a number of international banks related to the pension fund’s investment in RMBS. The case has been resolved.
- Craig represented a group of funds in a $95 million legal malpractice case against a major international law firm arising out of its negligence representation in connection with a CLO warehouse extension. The case was successfully settled on confidential terms.
- Craig represented the Chapter 7 trustee of the bankruptcy estate of a New York investment fund that was an estimated $400-million Ponzi scheme. Craig pursued fraudulent transfers on behalf of the estate against futures commission merchants. The cases were successfully settled on confidential terms.
- Craig represented a bank in pursuit of fraud claims against an underwriter and servicer of various RMBS arising from the bank’s purchase of the fraudulent RMBS. The case was successfully settled on the eve of trial on confidential terms.