Kathy Patrick of Gibbs & Bruns LLP is a new inductee of The American College of Trial Lawyers.
The American College of Trial Lawyers is an invitation only fellowship of exceptional trial lawyers of diverse backgrounds from the United States and Canada. The College thoroughly investigates each nominee for admission and selects only those who have demonstrated the very highest standards of trial advocacy, ethical conduct, integrity, professionalism and collegiality. The College maintains and seeks to improve the standards of trial practice, professionalism, ethics, and the administration of justice through education and public statements on important legal issues relating to its mission. The College strongly supports the independence of the judiciary, trial by jury, respect for the rule of law, access to justice, and fair and just representation of all parties to legal proceedings.
Professional Highlights
- Forbes profiled Kathy as “the woman Wall Street fears most” for her recovery of over $20 billion in cash and additional billions in mortgage servicing reforms for 14 institutional investors in Residential Mortgage-Backed Securities (RMBS) from some of the largest financial institutions in America, including Bank of America, JPMorgan, Citigroup, Residential Capital, and Lehman Brothers in the wake of the financial crisis.
- Kathy’s $8.5 billion settlement deal with Bank of America in 2011 was the second-biggest civil settlement in history, second only to the tobacco settlements, and was approved after a nine-week trial in New York Supreme Court.
- The Financial Times named Kathy one of its “Top 10 Agents for Change” in the US in its 2012 Innovative Lawyers special edition, citing her groundbreaking portfolio of successes on behalf of major institutional investors.
- Kathy secured a $1.7 billion mid-trial settlement package for Huntsman Corporation in a tortious interference and fraud case against Credit Suisse and Deutsche Bank, including $1.1 billion in financing and $632 million in cash. This was the largest cash settlement every recovered for a busted leveraged buyout.
- From 2001 to 2007, Kathy led the Gibbs & Bruns team in representing the Outside Directors of Enron’s Board in defending over 100 cases and related regulatory investigations that arose from Enron’s collapse, working closely with ACTL Fellows Neil Eggleston and her partner, ACTL Fellow, Robin Gibbs. When interviewed by AmLaw in January 2009 about this key settlement result for this group of clients, Kathy shared, “We don’t have a professional distance from our clients. For us, this is personal.”
Kathy’s partners Robin Gibbs and Barrett Reasoner are Fellows in this elite organization of trial lawyers.
