Highlights and Achievements
- Founding partner at Waters, Kraus & Paul
- Admitted to State Bar of Hawaii, California, Missouri, Texas, and Virginia, as well as several U.S. Courts and the U.S. Supreme Court
- Involved in numerous mesothelioma cases with large jury awards for victims
- Graduated University of Texas School of Law, 1985
- Awarded Above and Beyond Award by the American Association for Justice
- Appointee to the Federal Judicial Center Foundation Board
- Named a Texas Top Rated Lawyer for four years
- Listed Best Lawyer in Dallas, 2011 to 2019
Peter A. Kraus is a founder and partner at Waters, Krause & Paul, specializing in asbestos litigation, toxic torts, pharmaceutical and medical device litigation, and False Claims Act litigation. He has admissions in Hawaii, California, Texas, Missouri, and Virginia, and several U.S. District Courts in those states, the U.S. Court of Appeals 4th circuit, and the U.S. Supreme Court.
Kraus is passionate about helping victims of asbestos exposure and has been active in advocating for them. He has testified in the Texas Legislature and lobbied for asbestos victims and their rights. He serves on the advisory committees for several asbestos bankruptcy trustees and has been a part of the American Bar Association Commission on Asbestos litigation.
Peter Kraus graduated from Duke University in 1982 before earning a Juris Doctor Degree from the University of Texas School of Law in 1985. Initially specializing in commercial law, Kraus helped co-found the Waters, Kraus, & Paul law firm and now works on asbestos, toxic tort, and pharmaceutical and medical device cases.
Having litigated numerous asbestos, pharmaceutical, and other exposure cases over the course of his career, Kraus has played a major role in winning damages and justice for victims. His accomplishments have been acknowledged by his peers and others. He has been included in the Best Lawyers in America publication for 2020.
Other awards and recognitions Kraus has received include the American Association for Justice, David S. Shrager President’s Award and Heavy Lifting Award; the Best Lawyers in Dallas list; the Texas Super Lawyers List; and the Kristi Couvillon Pro Bono Award, Texas Civil Rights Project.
In addition to his litigation on behalf of victims, Kraus is active in the community and in doing pro bono work. He serves or has served on the Board of Trustees for the Greenhill School, the Southwestern Medical Foundation, and the St. Paul Medical Foundation. He is a Board Member of the Dallas Holocaust and Human Rights Museum and serves on the KERA Board of Directors.