Craig Simon

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Craig Simon

Partner
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Craig utilizes his business, accounting and extensive business litigation experience to work tirelessly to achieve his clients’ objectives.

Craig is an accomplished trial lawyer who has served as lead counsel in complex, high-stakes business disputes in courts and arbitrations across the country. He has helped clients ranging from large public companies to local entrepreneurs achieve significant victories on both sides of the docket. 

Craig’s master’s degree in accounting and prior experience as a CPA make him well-suited for tackling the complex finance, accounting and valuation issues that are often critical in business litigation. His practice includes a range of commercial litigation and arbitration, such as contract and business tort claims, UCC litigation, construction and mining disputes, trade secrets disputes and WARN Act litigation.  He also has extensive experience representing official committees, liquidating trusts and other parties in bankruptcy and insolvency-related disputes, including fraudulent transfer litigation, fiduciary duty and supplier disputes, plan confirmation contests, and claims litigation. Craig is listed in The Best Lawyers in America in Commercial Litigation, Arbitration, Bankruptcy Litigation and Bankruptcy and Insolvency and Reorganization Law, and has been repeatedly honored as a Top 100 Lawyer in Texas by Super Lawyers

Prior to co-founding Simon Ray & Winikka in 2012, which later merged to create Loewinsohn Flegle Deary Simon, Craig was a long-time partner in the business litigation and bankruptcy/restructuring groups of one of the world’s most prominent international law firms. Before attending law school, he practiced as a CPA with a Big 4 accounting firm and a national real estate developer. Away from the office and courtroom, Craig is active in a variety of civic and charitable endeavors including the Leadership Dallas Class of 2013. He has also taught at Southern Methodist University’s Dedman School of Law.

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Representative Experience

Obtained $45 million settlement for Navajo-owned coal mining company in arbitration against public utilities alleging that utilities breached coal supply agreement by relying on force majeure clause as excuse for failing to pay for minimum coal quantities

Represented senior creditors of iHeart Media in challenge to investment bankers in Chapter 11 case; obtained approximately $6 million reduction in fees

Obtained $12 million arbitration award in favor of semiconductor manufacturer after two-week hearing on contract claims

Obtained $8 million judgment after two-week trial on fraudulent transfer and contract claims against former CEO of medical practice roll-up company

Represented creditors’ committee in Chapter 11 case where the debtors and the committee successfully resolved approximately $1.7 billion in cross-border 

intercompany claims and hundreds of millions of dollars in third-party claims against the debtors

Served as lead trial counsel to liquidating trusts that recovered a substantial settlement of fraudulent transfer and breach of contract litigation

Represented German insolvency administrator in litigation in Bankruptcy Court in Dallas

Obtained dismissal of putative WARN Act class action brought against private equity firm

Represented equity committee in plan confirmation litigation that led to negotiated resolution where pre-bankruptcy stockholders retained majority of shares of reorganized entity

Represented secured creditor in successful challenge to plan confirmation involving high-rise condominium building

Member of trial team that represented coal mining company in obtaining damages for breach of contract arbitration with coal purchaser

Successfully defended tier 1 automotive parts supplier in multi-week arbitration of dispute with component parts supplier

Part of team that represented technology company in obtaining injunction against competitor to preclude misappropriation of trade secrets

Obtained dismissal of fraud claims brought against client by purchaser under $100 million stock purchase agreement

Represented unsecured creditor in pursuit and successful resolution of claims against customer in its U.S. and Japanese bankruptcy cases

Member of litigation team for liquidating trustee in professional negligence litigation that resulted in $30 million settlement by Big 4 accounting firm

Awards and Recognition

The Best Lawyers in America, by Woodward White, 2016-2020 editions, Commercial Litigation, Arbitration, Bankruptcy Litigation and Bankruptcy and Insolvency and Reorganization Law

Best Lawyers, D Magazine, 2014-2019

Texas Super Lawyers, Thomson Reuters, 2013-2019

Top 100 Texas Super Lawyers, Thompson Reuters, 2015, 2017-2019

Top 100 Dallas/Fort Worth Super Lawyers, Thompson Reuters, 2014-2019

AV Preeminent (highest possible) Rating by Martindale-Hubbell, reflecting the confidential opinions of members of the bar and judiciary

Notes and Comments Editor, Southwestern Law Journal

Professional Memberships

State Bar of Texas

American Bankruptcy Institute 

Dallas Bar Association

Fellow, Dallas Bar Foundation

COmmunity Involvement

Leadership Dallas Class of 2013

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