John J. Ray III (born January 1959)[1] is an American attorney and CEO who specializes in recovering funds from failed corporations.

Soon after he was hired as general counsel of Fruit of the Loom in 1998, the clothing company posted massive losses and filed for Chapter 11 bankruptcy reorganization, with Ray managing the sale of the firm's assets.

[10] Having led one reorganization, Ray formed Avidity Partners LLC, a firm specializing in serving as a receiver, trustee and claims agent in insolvency proceedings.

[11] He formed a new firm, Greylock Partners, providing similar services to Nortel, Residential Capital, Overseas Shipholding[3] and others.

[12] After Enron emerged from its Chapter 11 bankruptcy in 2004, Ray was appointed to chair the effort to recover assets for creditors through litigation against numerous banks.