HOUSTON, June 23, 2009 – Gibbs & Bruns LLP of Houston announced today that it achieved a record $1.7 billion settlement package for its client, Huntsman Corporation, in the widely followed trial of Huntsman’s claims against Credit Suisse and Deutsche Bank.  Under the terms of the settlement, Credit Suisse and Deutsche Bank will pay Huntsman […]

We were counsel for Plaintiff in claims that Defendant breached its joint venture and contractual arrangements to develop air cargo facilities at the Newark and JFK airports. We secured a $309 million verdict for Plaintiff. Judgment was entered and the verdict was affirmed in all respects by an intermediate court of appeals.  The case settled favorably […]

We were counsel for Defendant/Counterclaimant The M.W. Kellogg Company in a suit in which Kellogg was sued for $260 million in actual damages plus $400 million in exemplary damages for alleged defective plant and furnace designs.  Kellogg counterclaimed for misappropriation of Kellogg’s trade secrets.  A no-fraud and zero damages verdict resulted for Plaintiff Quantum.  In contrast, we obtained an $11.5 million […]

We were counsel for nine mutual funds managed by Merrill Lynch Asset Management; Franklin Advisers, Inc.; and other mutual fund Plaintiffs in a suit alleging violations of federal and state securities laws arising out of the issuance and sale of $73 million in mortgage revenue bonds used to develop six private prisons in Texas.  The case […]

  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 […]

Following a complex three-month jury trial against the Port of Houston Authority—and a resulting jury verdict for client Zachry Construction Corporation—the trial court entered final judgment on April 28, 2010 awarding Plaintiff Zachry $23.4 million in damages.  This breach of contract lawsuit arose from the Port’s last-minute rejection of a contractually approved construction method Zachry intended […]

We were lead counsel in this bench trial which was handled on behalf of the developer and builder of apartment buildings.  We obtained a $13 million award in this wrongful foreclosure matter. 

We represented the developer of an apartment complex, Slosburg Company, against an engineering company for failure to monitor construction project.  The case was tried to a jury and our client was awarded in excess of $3 million for damages arising out of soil compaction problems.  The case was affirmed on appeal.

We represented Azurix Corporation, an affiliate of Enron Corporation, in a series of class-action securities fraud claims brought by individuals who purchased the company’s stock in an initial public offering.  The claims were dismissed by the trial court for failure to state a claim under the Private Securities Litigation Reform Act.  The trial court’s order was […]