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 Patrick is a partner at Gibbs & Bruns LLP, a premier litigation boutique based in Houston.  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 fourteen 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 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

Following graduation from law school, Kathy was a law clerk to Judge John R. Brown of the United States Court of Appeals for the Fifth Circuit from 1985 to1986.  Kathy is a Fellow of the International Academy of Trial Lawyers.

Lawyer Rankings

United States > Dispute resolution > Leading trial lawyers

(Leading trial lawyers)

Kathy PatrickGibbs & Bruns LLP

Kathy PatrickGibbs & Bruns LLP. Houston-based Kathy Patrick is noted for the depth and breadth of her practice, representing a diverse range of clients including Occidental Petroleum Corp., ExxonMobil and BlackRock. As well as assisting clients pursuing recoveries for securities fraud internationally, she has extensive commercial experience representing clients enforce leveraged buyouts, construction contracts, and corporate indemnities. Patrick currently acts as lead trial counsel for Target and a large group of retailers in a complex antitrust matter against Visa and Mastercard, with the plaintiffs seeking damages in excess of $17 billion.

Kathy PatrickGibbs & Bruns LLP. Houston-based Kathy Patrick is noted for the depth and breadth of her practice, representing a diverse range of clients including Occidental Petroleum Corp., ExxonMobil and BlackRock. As well as assisting clients pursuing recoveries for securities fraud internationally, she has extensive commercial experience representing clients enforce leveraged buyouts, construction contracts, and corporate indemnities. Patrick currently acts as lead trial counsel for Target and a large group of retailers in a complex antitrust matter against Visa and Mastercard, with the plaintiffs seeking damages in excess of $17 billion.

United States > Dispute resolution > General commercial disputes

Houston-based law firm Gibbs & Bruns LLP specializes in handling commercial disputes, with a focus on the banking, energy, technology, and financial services sectors. The firm’s experienced team is capable of representing both plaintiffs and defendants across a broad range of subjects. Robin Gibbs is highly regarded for his extensive experience as a trial attorney, while Kathy Patrick has regularly returned successes for longstanding high value clients. Barrett Reasoner is an expert in handling energy-related disputes and co-leads the practice alongside Gibbs and Patrick. Brian Ross  is particularly knowledgeable in the oil and gas industry and has expertise in market defining cases. Other notable members of the team include securities specialist Sam Cruse , energy and construction advisor Ayesha Najam , and David Sheeren . Denise Lambert Drake and Jorge M. Gutierrez Gutierrez Jr. were promoted to partner in October 2022.

United States > Dispute resolution > Securities litigation: plaintiff

(Hall of Fame)

Kathy PatrickGibbs & Bruns LLP

Gibbs & Bruns LLP in Houston became a prominent player in the securities litigation having brought many successful claims relating to mortgage-backed securities, and the firm continues to handle some long-running matters arising from the global financial crisis. Key partner David Sheeren, who has ‘excellent industry knowledge of securitization litigation issues’, worked with newly promoted partner Denise Lambert Drake to bring a case for PIMCO and BlackRock concerning 156 Countrywide RMBS trusts, ultimately securing a $266m settlement. Sheeren and highly regarded Kathy Patrick, who together lead the practice, acted for PIMCO and TCW as investment managers for funds and accounts holding over $200m of certificates issued by a legacy RMBS deal sponsored by First Franklin / Merrill Lynch., which were pursued for selling loans into the Trust that breached a variety of representations and warranties, leading to significant losses. Approval of a $242m settlement is currently pending. Partner Sam Cruse also plays a key role in the practice, notably for clients in the financial services and energy sectors.

United States > Energy > Energy litigation: oil and gas

Praised for its ‘elite courtroom skills’, Gibbs & Bruns LLP exclusively handles high-profile commercial litigation. While based in Houston, the firm has a national reach and represents a broad client base, ranging from tech start-ups to major entities in the oil and gas sector. Founding partner Robin Gibbs is a veteran of the industry, with over 50 years’ experience in handling high-stakes business and commercial litigation, while Kathy Patrick is relied upon by industry powerhouses, such as Occidental, in handling high-end issues. Barrett Reasoner is adept in handling business-critical disputes for energy companies and Brian Ross is highly recommended, with a docket that includes prominent force majeure disputes stemming from Winter Storm Uri. Mark Giugliano is another key contact in the group, with considerable experience in multi-party commercial litigation, while Sam Cruse, who is commended as ‘a highly effective courtroom lawyer and negotiator’, is noted for his expertise in the energy and finance sectors.