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1100 LOUISIANA, SUITE 5300, HOUSTON, TEXAS 77002, USA
Tel:
Work +1 713 650 8805
Fax:
Fax +1 713 750 0903
Email:
Web:
https://www.gibbsbruns.com

Kathy Patrick

Tel:
Work 713.751.5253
Email:
Gibbs & Bruns LLP

Position

Partner, Gibbs & Bruns LLP.

Career

Kathy Patrick is a partner at Gibbs & Bruns LLP, a premier litigation boutique based in Houston.  In her thirty years of trial practice, Kathy’s cases have 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’s national recognition includes being named one of the “20 Most Influential Women in Securities Law” by Law 360, 2016; a “Premier Woman in Law” by the Association of Women Attorneys, 2015; and a “Top Ten Change Agent” in the “US Innovative Lawyers” feature by the Financial Times, 2012.  She was named in “The Best of the Best USA” as one of the “Top 30 Litigators” in the U.S. by Euromoney Legal Media Group, 2015.  She was named “Overall Outstanding Practitioner” and “Best in Litigation” by Euromoney Women in Business Law Awards, 2012-2013.  She was named “Overall Female Litigator of the Year” and “Texas Litigator of the Year” by Benchmark Litigation, 2012.  Texas Lawyer featured Kathy in “Winning Women,” 2011, and “Extraordinary Women in Texas Law,” the inaugural issue, 2008. 

Education

Harvard University, J.D., 1985 Legal Methods Instructor University of Texas at El Paso, B.A., with highest honors, 1982


United States: Dispute resolution

General commercial disputes

Within: General commercial disputes

Gibbs & Bruns LLP provides a ‘consistently outstanding level of service’ and ‘does a particularly effective job of communicating with its clients, even when those clients are part of a large group’. With its roots in Houston, the firm has a pre-eminent reputation in energy litigation, though its strength in general commercial litigation sees it taking on cases in forums throughout the country. The firm also stands out for its trial work. A team including Mark Giugliano, Anthony Kaim and Jeffrey Kubin has been representing Chevron in a dispute arising out of its withdrawal from ownership of the Trans-Alaska Pipeline System; the team has obtained a string of successes for Chevron in the case, which is now pending a petition for review with the Texas Supreme Court. Other notable litigators include founding partner Robin Gibbs, Scott Humphries, Aundrea Gulley and ‘star partnerKathy Patrick.

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Leading trial lawyers

Within: Leading trial lawyers

Kathy Patrick - Gibbs & Bruns LLP

Within: Leading trial lawyers

Kathy Patrick - Gibbs & Bruns LLP The ‘superb and reliableKathy Patrick handles securities litigation as well as commercial cases, with highlights including enforcement of buyout agreements and defending a client against allegations of market allocation conspiracy. Patrick secured a settlement with the plan administrator for Lehman Brothers and other debtors on behalf of 14 institutional investor clients in the Lehman Brothers bankruptcy proceedings.

Kathy Patrick - Gibbs & Bruns LLP The ‘superb and reliableKathy Patrick handles securities litigation as well as commercial cases, with highlights including enforcement of buyout agreements and defending a client against allegations of market allocation conspiracy. Patrick secured a settlement with the plan administrator for Lehman Brothers and other debtors on behalf of 14 institutional investor clients in the Lehman Brothers bankruptcy proceedings.

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Securities litigation: plaintiff

Within: Leading lawyers

Kathy Patrick - Gibbs & Bruns LLP

Within: Securities litigation: plaintiff

Gibbs & Bruns LLP in Houston is ‘consistently outstanding’ and clients describe its lawyers as ‘prompt, responsive, knowledgeable and practical in their advice’. The firm is ‘at the top of its class in this practice area’, according to one client and, despite its boutique size, it punches above its weight in securities litigation with ‘a barrister-style practice that can take any case and try it effectively’. The firm’s ‘star partners’ include Kathy Patrick, of whom one client says ‘there is no one better at assessing complex matters and negotiating resolutions’. Patrick, Scott Humphries and David Sheeren reached a $2.42bn settlement with the plan administrator for Lehman Brothers Holdings Inc on behalf of 14 institutional investors in regard to residential mortgage-backed securities (RMBS) claims. The same team also helped secure the approval of a $4.5bn settlement with JPMorgan for RMBS cases. Robert Madden retired from the firm but founding partner Robin Gibbs remains active and is a highly regarded trial lawyer.

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Legal Developments worldwide

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