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

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

Position

Partner, Gibbs & Bruns LLP.

Career

Kathy Patrick is a partner at Gibbs & Bruns LLP, a premier litigation boutique based in Houston.  In her 35 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 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’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

Lawyer Rankings

United States > Dispute resolution > Securities litigation: plaintiff

(Hall of Fame)

Kathy PatrickGibbs & Bruns LLP

Gibbs & Bruns LLP is a boutique litigation firm of 33 lawyers based in Houston, Texas, that exclusively handles high-stakes business and commercial litigation. The firm handles both plaintiff and defense work, but it is its work for plaintiffs in cases involving residential mortgage-backed securities that has established it as a prominent force in securities litigation. Its recovery of $8.5bn from Countrywide in an RMBS case still stands out as one of the most significant pieces of litigation to arise from the global financial crisis. The practice is led by outstanding litigator Kathy Patrick, commercial and securities litigation partner Scott Humphries and up-and-coming partner David Sheeren, who played a key role in the firm’s successes in RMBS cases.  PIMCO, Blackrock and Goldman Sachs Asset Management are among their key clients.

United States > Dispute resolution > Leading trial lawyers

(Hall of Fame)

Kathy PatrickGibbs & Bruns LLP

(Leading trial lawyers)

Kathy PatrickGibbs & Bruns LLP

Kathy PatrickGibbs & Bruns LLP Based in the firm’s Houston office, Kathy Patrick is known across the country as a leading plaintiff lawyer for investors in RMBS cases against financial institutions, some of which relate to alleged securities fraud in jurisdictions such as Brazil, Thailand and Indonesia. Since 2008 she has represented 14 institutional investors seeking to recover funds lost as a result of Lehman Brother’s bankruptcy; she recently secured a $2.42bn settlement on behalf of these investors, and at present is handling follow-on disputes concerning particular aspects of the payments to creditors. Illustrating her wider expertise, Patrick is acting for Occidental Chemical Corporation in its attempt to gain contributions from over 100 defendants towards the cost of building a dredge-and-cap remedy designed to tackle pollution in the Passaic River. In addition, Patrick is also sought out by large corporates, such as Reynolds and Reynolds, in major antitrust disputes.

Kathy PatrickGibbs & Bruns LLP Based in the firm’s Houston office, Kathy Patrick is known across the country as a leading plaintiff lawyer for investors in RMBS cases against financial institutions, some of which relate to alleged securities fraud in jurisdictions such as Brazil, Thailand and Indonesia. Since 2008 she has represented 14 institutional investors seeking to recover funds lost as a result of Lehman Brother’s bankruptcy; she recently secured a $2.42bn settlement on behalf of these investors, and at present is handling follow-on disputes concerning particular aspects of the payments to creditors. Illustrating her wider expertise, Patrick is acting for Occidental Chemical Corporation in its attempt to gain contributions from over 100 defendants towards the cost of building a dredge-and-cap remedy designed to tackle pollution in the Passaic River. In addition, Patrick is also sought out by large corporates, such as Reynolds and Reynolds, in major antitrust disputes.

United States > Industry focus > Energy litigation: oil and gas

Gibbs & Bruns LLP is a Houston-based trial boutique with a notable reputation in the oil and gas sector. The firm represents both plaintiffs and defendants in the energy sphere and cases range from construction disputes to royalty cases and class actions. The group has achieved prominence through a series of headline matters over the years. Robin Gibbs is a highly regarded practitioner for high-stakes litigation in the oil and gas field. Kathy Patrick and Barrett Reasoner are also highly celebrated names for major disputes, and Brian Ross also contributes to the practice.

United States > Dispute resolution > General commercial disputes

Based in Houston, boutique litigation firm Gibbs & Bruns LLP specializes in handling high-stakes business disputes in the energy and financial services sectors. An area of recent development for the firm has been in the tech space, especially in data privacy; Aundrea Gulley and Brian Ross are defending Reynolds & Reynolds in federal antitrust MDL litigation consolidated in the Northern District of Illinois arising from its computing platform. Elsewhere, among its core financial litigation, Kathy Patrick continues to handle follow-on disputes in the wake of a $2.4bn settlement with Lehman Brothers Holdings on behalf of 14 institutional investors, while Scott Humphries, Ashley Kleber and Colin Pogge are representing Trustmark National Bank in three lawsuits related to the collapse of the Stanford Financial Group (alleged damages total $5bn). In a highly significant matter in energy sector, Mark Giugliano and Anthony Kaim resolved a seven-year dispute for Chevron regarding the transfer of its responsibility for the Trans-Alaska Pipeline. Other key lawyers include the firm’s founder Robin Gibbs, a standout generalist trial attorney, and Barrett Reasoner, known for his exceptional work in the energy sector