In March 2011, Judge Daniels in the Southern District of New York approved the plan of distribution supported by 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).  During the March hearing, Scott Humphries, representing Carnegie Mellon University and speaking on behalf of […]

  On March 14, 2013, Gibbs & Bruns reached a $400 million settlement with Credit Suisse Securities LLC on behalf of its clients in the National Century Enterprises (NCFE) Securities Litigation.  The settlement came two weeks prior to jury selection in what was expected to be a six-week trial in the Southern District of New […]

  Gibbs & Bruns achieved a favorable settlement on behalf of DaVita, Inc., one of the world’s largest providers of dialysis services.  DaVita had been sued in a substantial and complicated qui tam lawsuit in the Eastern District of Texas, in which a private individual pursued claims on behalf of the United States government.  The claims involved […]

  This lawsuit arose out of the purchase by Plaintiff, an individual investor, of approximately $35 million of asset backed sewer revenue securities from defendant JPMorgan.  When the value of the securities suffered a significant drop in value, Plaintiff filed suit against JPMorgan alleging violations of the Texas Securities Act.  Specifically, Plaintiff alleged that JPMorgan was selected […]

  We were retained by the John M. O’Quinn Foundation, the sole beneficiary under the will of the late, legendary trial lawyer John O’Quinn, to represent its interests in over $400 million of property devised to it under O’Quinn’s will.  Darla Lexington, O’Quinn’s companion, claimed she was entitled to a substantial portion of O’Quinn’s Estate on […]

We represented Kinder Morgan in an arbitration against Myria Holdings, Inc.  Myria owns 80% and Kinder Morgan owns 20% of Natural Gas Pipeline Company of America LLC (NGPL).  Kinder Morgan is the operator of the pipeline pursuant to an Operations and Reimbursement Agreement (O&R Agreement).  NGPL is the largest pipeline operated by Kinder Morgan.  Myria […]

  Following a complex five-week trial, a Houston jury returned a verdict for client SourceGas Distribution LLC (SourceGas) against Noble Energy, Inc (Noble).  The jury determined that Noble breached its Gas Purchase Agreement (GPA) with SourceGas by selling SourceGas natural gas at above-market prices that SourceGas was not obligated to purchase under the GPA.  The […]

  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 […]

  The Honorable R.K. Sandill entered a $196 million judgment for Gibbs & Bruns client D. Bobbitt Noel, Jr. against Dallas billionaire Trevor Rees-Jones and Devon Energy Production Co., L.P. (DVN) on May 18, 2011.  The damages for fraud and breach of fiduciary duty judgment were based on a verdict reached by a Houston jury […]

We represented Kay Dobbs and ProStaff, Inc. in a lawsuit against American General Life Insurance Company and American International Group, Inc. to recover $25 million in benefits owed under two policies insuring the life of Mr. Jeffrey Dobbs.  Plaintiffs also sued for bad faith denial of benefits and other violations of the Texas Insurance Code. AIG […]