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 […]

  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 […]

  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 […]

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 […]

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 […]

Countrywide RMBS Initiative Houston, January 28, 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 […]

Gibbs & Bruns is lead counsel to over a dozen large institutions who collectively hold over 25% of the Voting Rights in 225 securitization pools that issued over $175 billion of Countrywide-issued mortgage-backed securities. Our clients engaged us to enforce their rights, through the governing agreements, to compel the repurchase of ineligible mortgages that do […]

HOUSTON, October 18, 2010 – Today, the holders of over 25% of the Voting Rights in more than $47 billion of Countrywide-issued RMBS sent a Notice of Non-Performance (Notice) to Countrywide Home Loan Servicing, as Master Servicer (“Countrywide Servicing”), and to Bank of New York, as Trustee, identifying specific covenants in 115 Pooling and Servicing […]