Recognized in Best Lawyers since 2021 
Paul Reynolds is a Partner in the San Diego, California office of Shustak Reynolds & Partners PC. His practice focuses on commercial litigation, securities litigation, and complex business disputes. For more than 25 years, he has represented businesses, investors, and individuals in high-stakes matters in courts and arbitration forums across the United States.
Mr. Reynolds maintains a nationwide practice, including substantial work in California, Delaware, and New York. He represents both plaintiffs and defendants in state and federal trial courts, appellate courts, and arbitration proceedings involving securities matters, shareholder disputes, partnership conflicts, and other complex commercial litigation issues.
At the trial level, Mr. Reynolds has tried and arbitrated complex securities and business cases in courts and arbitration forums throughout the country. Many of these matters have involved significant financial stakes, including disputes with amounts in controversy reaching into nine figures. His work has included proceedings before courts such as the Delaware Court of Chancery, as well as numerous favorable results through motion practice, negotiated resolutions, and arbitration awards.
Mr. Reynolds has also handled significant appellate matters involving corporate governance, shareholder rights, and securities-related issues. He was the primary author of the prevailing parties’ briefs in the California Supreme Court case Grossett v. Wenaas, 42 Cal. 4th 1100 (2008), a widely cited decision addressing shareholder derivative standing. In Swortwood v. Tenedora de Empresas, S.A. de C.V., 2014 WL 1664480 (9th Cir. April 28, 2014), he obtained reversal of a preliminary injunction from the United States Court of Appeals for the Ninth Circuit in an expedited interlocutory appeal involving an issue of Delaware law concerning the rights and obligations of majority shareholders and preferred shareholders.
Before joining Shustak Reynolds & Partners PC, Mr. Reynolds was a partner at DLA Piper and its predecessor firm, Gray Cary Ware & Freidenrich, which for many years was among San Diego’s largest law firms. During that time, he worked closely with experienced litigators in the San Diego legal community, several of whom later served as federal or state court judges.
