Mr Sam W. Cruse, III > Gibbs & Bruns LLP > Houston, United States > Lawyer Profile

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.

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.