We represented Venoco, Inc., a mid-size oil and gas company based in Colorado, in a contract dispute with Denbury Onshore, LLC, a subsidiary of Denbury Resources, Inc., regarding Venoco’s reversionary interest in a Texas oilfield, wherein the parties disputed the meaning of several terms that affected when “payout” would occur.  After a week-long arbitration hearing […]

On March 5, 2015, the New York Supreme Court Appellate Division approved in its entirety the $8.5 billion Countrywide RMBS settlement negotiated by Gibbs & Bruns LLP on behalf of its RMBS clients, including PIMCO, Blackrock, MetLife and others.  This is a resounding victory which received worldwide top billing in the financial press with The New York Times reporting it as […]

We represented Waste Management, Inc. and Waste Management of Texas, Inc. in a case brought by Harris County, Texas alleging over 40 years of discharges into the San Jacinto River from a dump site containing paper mill waste that was abandoned in the late 1960’s.  Citing various sections of the Texas Water Code and Texas […]

HOUSTON, April 7, 2014 – Today, 18 institutional investors represented by Gibbs & Bruns LLP (“Institutional Investors”) announced they have reached an agreement with Citigroup (“Citi”) under which Citi will make a binding offer (“Offer”) to the Trustees of 68 RMBS Trusts issued by Citi to settle mortgage repurchase claims.  The Institutional Investors support the […]

HOUSTON, November 15, 2013 – Today, 21 institutional investors represented by Gibbs & Bruns LLP (“Institutional Investors”) announced they have reached an agreement with JPMorgan under which JPMorgan will make a binding offer (“Offer”) to the Trustees of 330 RMBS Trusts issued by JPMorgan, Bear Stearns and Chase to settle mortgage repurchase and servicing claims.  […]

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 […]

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 York […]

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 on […]