Chelsea Hilliard
PEOPLE

Chelsea Hilliard

Partner
hilliard.chelsea@dorsey.com

Overview

Chelsea has more than a decade of experience representing clients in high-stakes litigation and corporate governance matters.

Chelsea is a recognized leader in high-stakes commercial litigation, regulatory enforcement, and corporate governance matters, with deep experience representing clients in the financial services and investment management sectors. Her practice includes securities and shareholder derivative litigation, securities class actions, internal investigations, and enforcement matters involving the U.S. Securities and Exchange Commission and the U.S. Department of Justice.

She regularly advises boards and senior executives on litigation and regulatory risk arising from transformational transactions, including mergers and acquisitions and private equity- and venture capital-backed investments, and on enterprise-level governance and risk management issues.

 

Education & Admissions

SMU Dedman School of Law (J.D., 2010), cum laude; Editor & Administrative Director, Science and Technology Law Review

Southern Methodist University (B.F.A., 2007), summa cum laude, Phi Beta Kappa

Admissions

  • Texas
  • U.S. District Court for the Eastern District of Texas
  • U.S. District Court for the Northern District of Texas
  • U.S. District Court for the Southern District of Texas

Experience

Representative Experience

  • Representation of large bank for an unemployment benefits inquiry by the Department of Labor involving security claims related to the distribution of COVID-19 benefits.*
  • Representation of an alternative asset investment firm focused on providing flexible capital for small and mid-cap companies, in its acquisition of an international ocean and air freight forwarder and logistics broker.*
  • Representation of a manufacturer of high-pressure aluminum die castings, in its merger with a manufacturer of custom high-pressure aluminum die castings.*
  • Assisted renewable energy firms in challenging action taken by Texas Comptroller of Public Accounts related to applications under state property tax incentive program.*
  • Aided minority-backed investment fund in navigating impact of recent Texas legislative developments and political climate.*
  • Currently assisting companies in developing litigation avoidance strategies in response to newly-enacted anti-ESG and anti-DEI laws.*
  • Secured the dismissal of a $68 million fraud and breach of fiduciary duty shareholder derivative suit arising out of the wind down of a hedge fund at the summary judgment stage.*
  • Successfully tried to a jury verdict on the merits in the Northern District of Texas in the defense of a corporate client against quantum meruit claims arising out of a private placement transaction*
  • Defended national broker-dealers in FINRA arbitration proceedings against various types of investor complaints, including allegations of misrepresentation, misreporting and breach of fiduciary duty.*
  • Represented a group of former shareholders of a multinational investment banking firm in bringing 10-b(5) claims.*
  • Obtained favorable dismissal of breach of contract claim seeking in excess of $7 million in damages in Northern District of Texas.*
  • Obtained favorable award in a business mismanagement suit, defending claims for breach of contract and unpaid account against companies by prior manager’s family members.*

*Experience occurred prior to joining Dorsey.

News & Resources

Industries & Practices

Antitrust & Competition Law
Commercial Litigation
Corporate Governance & Compliance
Energy & Natural Resources
Environmental, Social, Governance (ESG)
Financial Services Regulatory
Mergers & Acquisitions
Securities & Financial Services Litigation & Enforcement

Securities & Financial Services Litigation & Enforcement

Explore This Practice View resources related to this practice
  • Antitrust & Competition Law
  • Commercial Litigation
  • Corporate Governance & Compliance
  • Energy & Natural Resources
  • Environmental, Social, Governance (ESG)
  • Financial Services Regulatory
  • Mergers & Acquisitions
  • Securities & Financial Services Litigation & Enforcement

Professional & Civic

Professional Achievements

  • Dallas Women Lawyers Association (DWLA), Immediate Past President
  • DWLA Foundation, Board of Directors, 2023-Present
  • Dallas Bar Association, Board of Directors, Current; Secretary-Treasurer, 2024; Co-chair, Judiciary and Judicial Investiture Committee; Board Member, 2022-2023
  • Attorneys Serving the Community (ASC), Leadership Gold Member, Current
  • Equal Access to Justice Campaign, Committee, Dallas Volunteer Attorney Program (DVAP), 2024-2025
  • American Bar Association, Section of Litigation, Co-chair Securities Litigation Subcommittee, 2022-2023
  • William “Mac” Taylor American Inn of Court
  • Texas Bar Foundation, Fellow; Co-chair, District 6 Nominating Committee, 2021-2022
  • American Bar Foundation, Fellow
  • Dallas Bar Foundation, Fellow
  • Dallas Association of Young Lawyers Foundation, Sustaining Fellow; Grant Committee, 2019, 2020, 2022
  • Dallas Association of Young Lawyers (DAYL), Chair, Trial Skills Committee, 2018-2020
  • Business Council for the Arts, Leadership Arts Institute, 2020

Accolades

  • Best Lawyers in America®, 2024, 2025, 2026
  • Texas Super Lawyers®, "Rising Stars," 2014-2018, 2020-2025
  • D Magazine, “Best Lawyers in Dallas,” 2023-2025
  • D Magazine, “Best Lawyers Under 40,” 2018-2024
  • Best Lawyers® Ones to Watch in America, 2021-2023
  • Texas Monthly and Law & Politics magazines, “Texas Rising Star,” 2014-2022
  • Dallas Association of Young Lawyers, “One to Watch,” November 2020
Chelsea Hilliard