Tim Chastain
Partner
Business Litigation, Real Estate Litigation, Securities and Director and Officer Litigation
Phone: 214-855-3063
Direct Fax: 214-855-1333
Email: tchastain@ccsb.com
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Mr. Chastain is a partner at Carrington Coleman. He represents companies and individuals in business and securities litigation matters in state and federal courts and in arbitration proceedings.
His business litigation practice focuses on disputes in the telecommunications industry and in commercial real estate transactions. He has represented a leading provider of wireless communication services in various disputes involving dealer agreements, partnerships, leases, and other contractual relationships. He also has experience representing clients from numerous other industries in a broad range of business disputes.
Mr. Chastain represents investment firms and individual brokers in arbitration proceedings. He defends clients against a wide variety of claims, including unsuitability, churning, unauthorized trading, misrepresentation, breach of contract, fraud, negligence, breach of fiduciary duty, violation of the Texas Deceptive Trade Practices Act, and violation of federal and state securities acts. He also has experience defending a clearing firm against claims brought by both its correspondent firms and customers of those firms.
Mr. Chastain has been named by Texas Monthly magazine as a Rising Star in Texas law in 2005, 2006, 2007, 2008, and 2010.
“I enjoy working closely with clients to understand their business and develop solutions to their problems.”
Representative Matters
Securities
Represented an investment broker in two companion arbitration proceedings brought by dissatisfied clients who alleged the broker engaged in unsuitable and unauthorized trading and also represented the broker in a related regulatory inquiry. Both arbitrations were settled on favorable terms for the broker, and the regulatory inquiry concluded without any action being taken against the broker.
Represented a securities clearing firm in several arbitrations initiated by customers of the introducing brokerage firms. On multiple occasions, has obtained dismissal of all claims against the clearing firm prior to an arbitration hearing.
Participated in defending a Fortune 500 company in a securities fraud lawsuit and a related SEC investigation.
Business Litigation
Obtained a favorable result for a wireless communications company in an arbitration proceeding brought by a former dealer who claimed it was owed unpaid commissions.
Represented a purchaser suing for specific performance and delay damages for breach of a contract for the purchase of an apartment complex. The trial court granted summary judgment awarding specific performance and, after a successful appeal, obtained a favorable jury verdict on delay damages. (Case still pending)
Actively participated at trial in defending a majority shareholder against claims brought by the minority shareholder. (Case still pending).
Education
University of Texas School of Law
J.D., with high honors, 1999
Chancellors; Order of the Coif; Associate Editor, Texas Law Review
Centenary College
B.A., summa cum laude, 1996
Judicial Clerkship
Honorable Thomas R. Phillips, Chief Justice of the Supreme Court of Texas, 1999-2000
Admittances
Texas 1999
U.S. District Courts for the Northern and Eastern Districts of Texas
Associations/Affiliations
Member: American Bar Association, State Bar of Texas, Dallas Bar Association, Dallas Association of Young Lawyers
Board of Directors: America SCORES Dallas
Associate: Patrick E. Higginbotham American Inn of Court (2003-2004)
