Contact
- (512) 647-6102
- Email Lisa
- vCard
Education
- Princeton University
A.B., Politics, Highest Honors, 1998 - University of Texas
School of Law
J.D., Order of the Coif, 2001
Areas of Practice
- Insolvency Litigation
- Financial Institutions Litigation
- Professional Liability Litigation
- Business Tort Litigation
- Business/Partnership Disputes
- Securities/Shareholder Litigation
- Intellectual Property Litigation
- Insurance Cases
- Class and Derivative Actions
- Toxic Tort Litigation
- Employment Litigation
Clerkships
- U.S. District Court for the Southern District of Texas,2001-2002
Admitted to Practice
- California, 2003
- Texas, 2004
Lisa S. Tsai
Partner
Lisa Tsai is a partner with Reid Davis. Prior to founding the firm, Lisa was a partner at Diamond McCarthy and a litigation associate at Latham & Watkins in Los Angeles. Lisa has represented clients in a wide variety of complex business litigation, including fiduciary litigation, business and partnership disputes, insolvency cases, intellectual property litigation, professional liability litigation, bank liability cases, securities and shareholder derivative lawsuits, toxic tort litigation, insurance disputes, class actions, and employment matters.
In 2007, 2008, and 2009, TEXAS MONTHLY named Lisa a “Rising Star” in its Super Lawyers edition, a distinction reserved for the top 2.5% of Texas attorneys who are under 40 years of age or have been practicing law for less than 10 years.
Some of Lisa’s recent cases include:
- Representation of Versata Software, Inc. (formerly Trilogy Software, Inc.) in an intellectual property lawsuit filed against General Electric Company for breach of licensing agreement, copyright infringement, and misappropriation of trade secrets. The lawsuit sought damages in excess of $50 million and was successfully settled for a confidential amount following fact and expert discovery.
- Representation of Grey Goose Bottling Company and a minority shareholder in a derivative action filed in Delaware Chancery Court, involving the breaches of fiduciary duty associated with the misallocation of the $2.5 billion purchase price paid by Bacardi Limited to acquire the Grey Goose Vodka label. The lawsuit was successfully settled for a confidential amount after the court issued a lengthy ruling denying the Defendants’ motion to dismiss.
- Representation of the post-confirmation liquidating trustee in the USA Capital cases in Las Vegas federal court, which arose from a $960 million Ponzi scheme related to the management of a sub-prime mortgage servicer. Lisa is prosecuting a lawsuit seeking tens of millions of dollars in damages against Wells Fargo Bank for aiding and abetting fraud and breach of fiduciary duty in connection with its provision of wire-transfer and banking services.
- Representation of Omni Loan Company, a Nevada consumer finance company that was sued in a class action in California state court seeking tens of millions of dollars. After a two-week bench trial, the trial court entered a total defense judgment dismissing with prejudice all claims against the company. The lawsuit was subsequently settled following appeal.
- Representation of an Austin business owner in a bad faith insurance case in Texas state district court in Travis County. Following a three-week jury trial, the jury issued a verdict in excess of $6 million, and the case was successfully settled on appeal.
- Representation of Rabobank International in pursuing negligence and fraud-based claims against PwC Mexico arising from the audits of a group of Mexican companies. The lawsuit was successfully settled for a confidential amount.
- Representation of a group of more than 800 investor-creditors who were defrauded in a massive Ponzi scheme involving more than $300 million in losses. Lisa prosecuted the investors’ claims against a bank for aiding and abetting breach of fiduciary duty, which were successfully settled prior to trial.
Lisa received her J.D. with honors from the University of Texas School of Law in 2001, and was selected as a member of the Order of the Coif upon graduation. Lisa served as a member of the TEXAS LAW REVIEW, during which time she published her student note in the area of employment law. Following law school, Lisa served as a judicial law clerk in the United States District Court for the Southern District of Texas.
Lisa received her A.B. in Politics, with highest honors, from Princeton University in 1998. While at Princeton, Lisa received the Lyman H. Atwater Prize in Politics for writing the best senior thesis in the Department of Politics. A portion of her thesis was published in the ASIAN AMERICAN POLICY REVIEW, a journal published by the John F. Kennedy School of Government at Harvard University.
Lisa is licensed to practice law in both Texas and California. She is admitted to the State Bar of Texas, State Bar of California, the Northern, Southern, Eastern, and Western Districts of Texas, and the Central and Southern Districts of California. Lisa is active in a variety of professional and community organizations, including serving as Chair of the Asian Pacific Interest Section of the State Bar of Texas, Chair of the Austin Bar Association Bench Bar Committee, Council Member of the Austin Asian American Bar Association, and Member of the City of Austin Ethics Review Commission. Lisa also serves on the board of the Texas Fair Defense Project, and provides pro bono legal services for victims of domestic violence.