Matthias Kleinsasser is a member of Winstead’s Business Litigation and Business Restructuring/Bankruptcy Practice Groups. His practice encompasses all aspects of commercial litigation in state and federal court, with an emphasis on bankruptcy-related litigation, securities litigation and securities enforcement proceeding defense.
Matthias has significant experience representing debtors, creditors, and trustees in virtually all aspects of business bankruptcy proceedings. He has also represented clients before the Securities and Exchange Commission and FINRA.
Matthias began his legal career in Fort Worth as a law clerk to former U.S. Bankruptcy Judge D. Michael Lynn. Prior to joining Winstead, he practiced with large law firms in Dallas and Fort Worth, as well as with a respected business bankruptcy boutique firm.
- Represented class of “net winner” defendants sued by SEC receiver in fraudulent transfer lawsuit arising out of penny auction Ponzi scheme.
- Represented defendants sued in bankruptcy court fraudulent transfer suit in which the alleged damages exceeded $50 million. Obtained dismissal of most claims under Rule 12(b)(6). Lawsuit eventually settled.
- Represented private contractor sued, along with dozens of Texas municipalities, in putative class action relating to red light cameras, first in U.S. District Court, then before the Court of Appeals for the Fifth Circuit, and finally in Texas state court. State trial court dismissed claims against client for lack of subject matter jurisdiction.
- Represented oil field equipment manufacturer in chapter 11 proceeding and obtained bankruptcy court approval of sale of substantially all of the debtor’s assets on an emergency basis without an auction. Subsequently obtained confirmation of chapter 11 plan.
- Represented aircraft fuel tank manufacturer in chapter 11 proceeding and obtained bankruptcy court approval of sale of substantially all of the debtor’s assets.
- Represented prior operators of skilled nursing facilities in chapter 11 bankruptcy proceeding. Argued to bankruptcy court that significant lawsuit brought by Attorney General was not an exercise of state police power and therefore was subject to the automatic stay.