Penny Reid

Partner

Weil, Gotshal & Manges LLP

Current

Current

In re: Delphi Corporation, et al.Litigation counsel for General Motors Corporation in bankruptcy litigation. In re: Managed Care LitigationCounsel for one of the largest class action/multi-district litigation (“MDL”) proceedings involving a class of approximately 500,000 physicians alleging claims for violations of, among other things, RICO, ERISA and state prompt pay statutes. In re: Footstar, Inc. et al.Lead trial lawyer in bankruptcy litigation against Kmart, Inc. Lorillard, et al v. Settling StatesLead trial lawyer in domestic arbitration regarding payments required under Master Settlement Agreement. The American Medical Association, et. al. v. UnitedHealth GroupCounsel for United Healthcare in class action involving breach of fiduciary, breach of contract and ERISA violation claims. The Boeing Company v. Hughes Electronics CorporationLead counsel representing Hughes Electronics in a purchase-price adjustment arbitration against Boeing resulting from the sale of Hughes’ satellite business to Boeing. Boeing sought adjustments of over $650 million dollars in the arbitration, which was conducted by KPMG LLP. CFS v. Arthur Andersen LLPCounsel for Andersen in matter involving 13 separate securities fraud actions in a MDL proceeding resulting from Andersen’s representation of Commercial Financial Services. This matter involved complex issues related to the securitization of certain credit card loans. Ms. Reid oversaw the preparation of the various motions to dismiss and argued the motions before the court. The Raytheon Company v. Hughes Electronics CorporationLead counsel for Hughes Electronics in a purchase price adjustment arbitration resulting from the sale of Hughes’ defense business to Raytheon. Raytheon asserted a number of accounting and legal theories entitled it to an adjustment of million of dollars. Coates v. HeartlandCounsel in Securities class action. Motion to dismiss all defendants granted. Kvaerner U.S., Inc., d/b/a Kvaener E&C v. Hylsa, d.a. de C.V.Lead counsel in international arbitration before the I.C.C. involving breach of contract action. ADAPT v. Arthur Andersen LLPLead Counsel for Arthur Andersen in a misappropriation of trade secrets case involving accounts receivable outsourcing. Mitsumi Electric Co., Ltd. vs. Swan Magnetics, Inc., et al. Counsel for Mitsumi in a misappropriation of trade secrets case. Case settled favorably for Mitsumi after plaintiffs case was presented at trial. AAF McQuay, Inc. v. Richard W. SnyderInternational arbitration. Whirlpool Corporation v. Wirekraft Industries, Inc.; Wirekraft Industries, Inc., Third-Party Plaintiff v. AMP, Inc. Third Party Defendant Numerous Confidential Internal Investigations

University of Texas

J.D.

1989

with honors

University of Texas

B.A.

1986

with honors

Document Review and Production Best Practices (September 01, 2005) In-house continuing legal education presentation

Effective Drafting of Arbitration Clauses (Dallas, September 25, 2002) High Stakes Arbitrations, International and Domestic

High Stakes Arbitrations, International and Domestic (New York, January 01, 2002) Symposium for In-House Counsel

Congress on ADR (San Juan, Puerto Rico, November 04, 2001)

International Arbitration Symposium, "International Arbitration Across Three Continents." Sponsored by Weil, Gotshal & Manges, Rajah & Tann, and Derains & Associes. (New York, NY, June 13, 2001)

Drafting the Arbitration Agreement (San Juan, Puerto Rico, January 01, 2001) International Congress of Alternative Mediators, Mediation, Neutral Evaluation and Arbitration (author and speaker)

Arbitration: Arbitration Awards (New York, September 01, 1998) State Bar of Texas, Arbitration Law Course

Arbitration: Practical Considerations for the Texas Litigator (New York, September 01, 1998) State Bar of Texas, Advanced Civil Trial Course

Arbitration: It Can be an Efficient Alternative (New York, January 01, 1997) State Bar of Texas, Advanced Civil Trial Course