William B. Chaney

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1601 Elm Street, Suite 4600
Dallas, TX 75201
T: 214.954.4135
F: 469.320.6836

Bill thrives on complex commercial litigation and multi-party lawsuits. He has recovered a significant amount on behalf of clients prosecuting claims ranging from fraudulent investments to genetically modified crops. On the defense side, Bill has successfully defended cases with claimed damages exceeding several hundred million dollars. Over the years, Bill has developed a diverse commercial litigation practice, earning a reputation as a creative and effective deal-maker in even the most vehemently disputed lawsuits. He has represented debtors, creditors, and trustees in bankruptcy cases and adversary proceedings, and has also represented companies seeking to resolve creditor disputes to avoid filing bankruptcy. Bill also enjoys working with investors who want to establish new ventures or enter into general business transactions.

Bill received his J.D. from Southern Methodist University Dedman School of Law, and attended Trinity University for his undergraduate education.

Representative Experience

Commercial Litigation

  • Represented former hedge fund executive in claims asserted between executive and the fund.  Tried the case to verdict.
  • Represented state agency in discrimination claims involving Federal Low Income Housing Tax Credit allocation program.  Tried case to court.
  • Represented trustee in claims in accounting and related disputes brought by purported, but disputed, trust beneficiary
  • Represented clients in litigation involving cutting edge electronic discovery issues.
  • Represented realty owner in dispute over ownership of oil and gas mineral rights.
  • Represented defendant in action for theft of proprietary information and breach of confidentiality agreement.
  • Represented an independent ATM and credit card processing company in commercial litigation and disputes with credit card networks and member institutions.


  • General representation of debtors and creditors, bankruptcy proceedings and avoidance adversary proceedings.
  • Represented bankruptcy trustee in pursuit of equitable subordination claim against equity/debt holders.
  • Regularly collaborates with fellow Gray Reed Bankruptcy attorneys


  • Represented plaintiffs in obtaining a class action securities settlement relating to fraud in real estate limited partnership offerings.
  • Represented investors in tax shelter, securities litigation against major brokerage firm and obtained a settlement.
  • Defended international investment banking firm in complex litigation involving fraud in securitized commercial mortgage transactions.
  • Represented investors in securities fraud and breach of fiduciary duty claims against promoters of oil and gas drilling ventures
  • Represented securities clients of brokerage firm for unauthorized trading.
  • Represented bank customer in claims against bank and securities trading affiliate.


  • Represented rice farmers, mills and exporters in litigation involving contamination of United States long grain rice supplies with genetically modified rice variety developed by international chemical and agricultural company; court appointed member of Federal Court, Multi-District Plaintiffs’ Executive Committee in litigation involving that contamination. Tried 4 bellwether trials for farmers in these proceedings, 3 of which tried to verdict.


  • Represented owner of aircraft engines in dispute with lessee upon foreign government seizure of the engines
  • Represented aircraft maintenance and repair firm in litigation with former director over alleged oral indemnification agreement.
  • Represented aircraft owner in bankruptcy of lessee/freight company.
  • Represented various investors in purchases of assets from bankruptcy proceedings, including patents and aircraft maintenance and repair facilities.


  • Counsel to non-profit corporation on a variety of litigation and non-litigation business negotiation matters.
  • Represented investors in aviation and related investments.

Professional Activities, Memberships & Affiliations

  • American Bar Association
  • Dallas Bar Association


  • AV Preeminent® rated (the highest possible Martindale-Hubbell Peer Review Rating designation)


  • J.D., Southern Methodist University Dedman School of Law, 1977
  • B.A., Trinity University, 1974

Bar Admission

  • Texas

Court Admissions

  • United States Court of Appeals, Fifth Circuit
  • United States District Court, Northern District of Texas
  • United States District Court, Southern District of Texas
  • United States District Court, Eastern District of Texas
  • United States District Court, Western District of Texas
  • United States Tax Court