We represented Dr. Manfred Krukemeyer, formerly Chairman and beneficial sole owner of Paracelsus Healthcare Corporation, in a series of shareholder class actions and derivative suits involving allegations of improper accounting and financial reporting in connection with the merger of Paracelsus Healthcare Corporation and Champion Healthcare Corporation. Subsequent to the merger, Paracelsus Healthcare Corporation, the surviving entity, […]
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 Pennzoil Company as a target in a hostile $6.4 billion takeover attempt by Union Pacific Resources Group, Inc. Gibbs & Bruns represented Pennzoil in the associated federal securities litigation and Delaware state court action. Our client successfully resisted an inadequate tender offer, and Union Pacific abandoned and withdrew its offer.
We were counsel for Defendant The M.W. Kellogg Company in wrongful death and personal injury suits brought by Phillips employees arising out of the Phillips plant explosion in Deer Park, Texas in which 23 employees were killed, and a significant number were injured. Our client was dismissed in all cases for a zero settlement payment.
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 represented Arcadian Corporation, a fertilizer manufacturer, in a suit brought in the name of the Port Authority by the Port Authority’s subrogated insurance carriers. The carriers sought to hold certain fertilizer manufacturers liable under a products liability theory for property damage sustained by the Port Authority as a result of the 1993 terrorist bombing of […]
Peggy Masterson Stinnett, et al. v. Colorado Interstate Gas Company v. Mesa Operating Limited Partnership
The firm was lead counsel for the Defendant in royalty suit alleging underpayment of royalties, fraud, breach of fiduciary duty, and negligent misrepresentation. Pre-trial damages claims exceeded $400 million; demand at trial exceeded $61 million. The jury found that Plaintiffs were barred from pursuing their claims and that Plaintiffs’ damages were less than $150,000. Based […]
International Commercial Litigation, published by Euromoney, revealed in its May issue the results of its first World Litigation Survey, highlighting top litigators and litigation firms. Gibbs & Bruns ranked tenth on “The Best in the World” list of U.S. litigation firms. Only 15 firms were included on the list. Robin Gibbs was individually ranked on the list […]
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 […]
Houston Business Journal gave Gibbs & Bruns top honors as the Texas law firm with the highest academic credentials in the state. HBJ‘s report is based on a study by Dallas-based attorney search firm Howard C. Bloom Co. The study ranked Texas law firms based on a variety of academic criteria including law firm prestige, law review experience, Order […]