News
Dec, 16
2011
Houston (December 16) – Gibbs & Bruns LLP announced today that its clients have issued instructions to BNY Mellon, US Bank, Wells Fargo, Citibank, and HSBC, as Trustees, to open investigations of ineligible mortgages in pools securing over $95 billion of Residential Mortgage Backed Securities (RMBS) issued by various affiliates of JPMorgan. Collectively, Gibbs & […]
Oct, 17
2011
Read the full text of Nathan Vardi’s Forbes magazine article on Gibbs & Bruns partner Kathy Patrick and the Countrywide RMBS Effort: Wall Street’s New Nightmare: The Next Wave of Mortgage-Backed Securities Claims
Oct, 12
2011
Gibbs & Bruns represented Farouk Systems, manufacturer of the popular CHI hair care products, in an action against Costco concerning the sale of counterfeit products. After a seven day trial, the jury determined that Costco had sold a counterfeit CHI hair iron. The jury also awarded Farouk Systems the maximum statutory damages for non-willful trademark infringement […]
Aug, 22
2011
Gibbs & Bruns partner Kathy Patrick was named to Texas Lawyer’s special feature, Winning Women. Kathy is one of just 20 women trial and appellate lawyers in Texas to be honored in this special inaugural edition. Winning Women profiles outstanding women litigators and appellate lawyers who “have achieved significant recent victories, as well as displayed […]
Jun, 29
2011
HOUSTON, June 29, 2011 – Today, 22 institutional investors represented by Gibbs & Bruns LLP (“Institutional Investors”) announced they had achieved a settlement with Bank of America and Countrywide of repurchase and mortgage servicing claims on 530 Countrywide-issued residential mortgage backed securities trusts (the “Covered Trusts”) for which BNY Mellon serves as the Trustee. The […]
May, 19
2011
HOUSTON, May 19, 2011 – Yesterday, Texas State District Judge, the Honorable R.K. Sandill, entered a $196 million judgment in favor of Gibbs & Bruns LLP’s client, D. Bobbitt Noel, Jr., against Dallas billionaire Trevor Rees-Jones and energy giant Devon Energy Production Co., L.P. (DVN). The fraud and breach of fiduciary duty judgment was based […]
Mar, 31
2011
HOUSTON, March 31, 2011–Counsel for BAC Home Loans Servicing, LP and Gibbs & Bruns LLP on behalf of certain investors including those who signed the previously-reported October 18, 2010 letter with respect to private label residential mortgage-backed securitizations, as well as counsel for The Bank of New York Mellon, as trustee, have agreed to […]
Mar, 28
2011
Gibbs & Bruns partner Brian T. Ross was named to the 2011 Houston Business Journal‘s 40 Under 40 list. Following a nomination process, HBJ editors selected 40 professionals who stood out as “young leaders who excel in their industries, are respected business leaders and show dynamic leadership in their community.” The honorees were celebrated at an event […]
Mar, 16
2011
On March 16, 2011, Judge Daniels in the Southern District of New York approved the plan of distribution supported by Gibbs & Bruns client Carnegie Mellon University in the $815 million Westridge Capital receivership case, SEC v. WG Trading Investors, L.P. et al., 09-CIV-1750 (S.D.N.Y). In a hearing on March 16th, Gibbs & Bruns partner […]
Mar, 15
2011
HOUSTON, March 15, 2011 – Gibbs & Bruns LLP announced today that a Texas jury awarded a $116 million fraud verdict late Monday against Dallas billionaire Trevor Rees-Jones and energy giant Devon Energy Production Co., L.P. (DVN). The damages for fraud and breach of fiduciary duty were awarded to D. Bobbitt Noel, Jr., who was […]