Ms Kathy Patrick > Gibbs & Bruns LLP > Houston, United States > Lawyer Profile

Gibbs & Bruns LLP
1100 LOUISIANA
SUITE 5300
HOUSTON, TEXAS 77002
TEXAS
United States

Position

Partner, Gibbs & Bruns LLP

Career

Kathy’s cases run the gamut of high profile, high dollar, and high risk cases. She has represented clients pursuing recoveries for securities frauds in Brazil, Thailand, and Indonesia, the private prison industry, the waste disposal industry, and in mortgage-backed securities. She has also pursued commercial cases for clients seeking to enforce leveraged buyout agreements, construction contracts, and corporate indemnities. On the defense side, she successfully defended a client accused of a market allocation conspiracy in the North Sea, defended the outside directors of Enron and Westar in regulatory investigations and securities litigation, and is leading the defense of a large energy company in environmental and energy litigation. Kathy’s representative clients include: Occidental Petroleum Corporation, ExxonMobil, PIMCO, BlackRock, Trust Company of the West, Invesco, Western Asset Management, the former outside directors of Enron Corporation and the State of Arizona.

In the wake of the financial crisis, Kathy led a team that pursued recoveries for a group of 14 large institutional investors who purchased securitized mortgages that contained fraudulent or ineligible loans. Over a period of five years, Kathy and her team recovered more than $20 billion in cash and additional billions of dollars in mortgage servicing reforms from major financial institutions including Bank of America, JPMorgan, Citigroup, Residential Capital, and Lehman Brothers. Forbes magazine profiled Kathy’s RMBS efforts and called her “the woman Wall Street fears most” and the Wall Street Journal called her “the secret weapon for big bond investors seeking to recover billions of dollars on faulty mortgage-backed securities.”

Kathy is a Fellow of the both International Academy of Trial Lawyers, where she serves on the Board of Directors, and the American College Trial Lawyers.

Kathy Patrick is a great lawyer with a complex practice.  She really is a star and is feared.  She is very good at what she does.

I’ve seen her in action and she is phenomenal.  You do not want to be on the other side!

Kathy is a leader in the litigation space.

She is an outstanding lawyer and a very strong and formidable adversary.

Kathy is a standout and extraordinary lawyer with great courtroom skills.

She’s very knowledgeable in her area, represents clients well and contributes a lot. She’s smart, she understands what she wants to achieve and will figure out a way to achieve it. She has a really good presence and is very effective in what she does. She achieves all results and everyone respects her.

– Chambers USA  2023/2022

After graduating from Harvard Law School, Kathy was a law clerk to Judge John R. Brown, United States Court of Appeals for the Fifth Circuit, from 1985 to 1986.

Memberships

Kathy is a Fellow of the both International Academy of Trial Lawyers, where she serves on the Board of Directors, and the American College Trial Lawyers.

Lawyer Rankings

United States > Dispute resolution > Leading trial lawyers

(Leading trial lawyers)

Kathy PatrickGibbs & Bruns LLP

Kathy Patrick at Gibbs & Bruns LLP in Houston continues to be involved in ongoing high-profile cases such as a high value alleged damages case in an antitrust matter against Visa and Mastercard as well as being ongoing counsel for Occidental in which a court ordered a supplemental summary judgment in June 2023. Patrick regularly represents Occidental in high profile matters, an indication of her ability to represent large corporates. Patrick’s workload, though, displays a wide range of cases, which include large environmental harm cases and securities litigation.

United States > Dispute resolution > Securities litigation: plaintiff

(Hall of Fame)

Kathy PatrickGibbs & Bruns LLP

Gibbs & Bruns LLP in Houston continues to handle cases related to mortgage-backed securities (MBS), the area in which it made its presence felt in the securities litigation market. Key partner David Sheeren recently won significant victories for PIMCO in cases concerning the calculation of termination prices owed in “clean-up calls” for legacy RMBS trusts, with more than $100m at stake. Also on behalf of PIMCO, Sheeren also secured a $242m settlement of RMBS claims with First Franklin and Bank of America. Standout partner Kathy Patrick, who has a stellar track record in high-stakes matters, secured $40m for key client Occidental Petroleum Corp. and Anadarko Petroleum Corp. in breach of contract litigation against Wells Fargo concerning the sale of Occidental shares. Partner Sam Cruse remains a prominent advisor to clients in the financial services and energy sectors. Cruse worked closely with Patrick on the $800m Libor suit against nine banks on behalf of Fannie Mae arising from alleged manipulation of bank borrowing rates.

United States > Energy > Energy litigation: oil and gas

Houston-based Gibbs & Bruns LLP offers a boutique litigation practice which consistently handles complex business and commercial litigation in the energy sector, where it represents major energy industry companies on a variety of contentious matters, including oil and gas contract and royalties disputes as well as force majeure disputes. Long-standing experience in high-end commercial litigation matters, founding partner Robin Gibbs commands the practice together with litigation expert Kathy Patrick, noted for her prowess in environmental and energy litigation, and Barrett Reasoner, also well-versed in energy litigation proceedings. Other names to note include force majeure disputes specialist Brian Ross, and oil and gas litigation experts Mark Giugliano and Sam Cruse.