HOUSTON, May 14, 2012 –Today, seventeen institutional investors (RMBS Holders) represented by Gibbs & Bruns LLP and Ropes & Gray LLP announced they had achieved an agreement with Residential Capital LLC and its affiliated debtors (Debtors) to grant an $8.7 billion allowed claim to 392 residential mortgage backed securities trusts (the “Covered Trusts”) issued by […]

Read Alison Frankel’s “On the Case” Thomson Reuters article about this latest development for Gibbs & Bruns’ noteholder clients in the $1+ Billion NCFE Trial Against Credit Suisse here: The Countrywide mortgage-backed securities investors who have accused Kathy Patrick and her firm, Gibbs & Bruns, of being patsies in Bank of America’s proposed $8.5 billion MBS […]

HOUSTON (January 31) – Gibbs & Bruns LLP announced today that its clients have issued instructions to US Bank, Wells Fargo, and Deutsche Bank, as Trustees, to open investigations of ineligible mortgages in pools securing over $25 billion of Residential Mortgage Backed Securities (RMBS) issued by various affiliates of Morgan Stanley.  Collectively, Gibbs & Bruns’ […]

Houston (January 5) – Gibbs & Bruns LLP announced today that its clients have issued instructions to US Bank and HSBC, as Trustees, to open investigations of ineligible mortgages in pools securing over $19 billion of Residential Mortgage Backed Securities (RMBS) issued by various affiliates of Wells Fargo.  Collectively, Gibbs & Bruns’ clients hold over […]

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 & […]

  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

  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 […]

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 […]

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 […]

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 […]