Houston's Kathy Patrick leads Gibbs & Bruns team working on $8.5 billion deal

Texas Lawyer affiliate The AmLaw Litigation Daily is reporting on a creative, ground-breaking $8.5 billion deal between Bank of America and the trustee for bond investors in Countrywide mortgage-backed securities. The institutional investors -- led by BlackRock, PIMCO, certain ING companies, MetLife, and the Federal Home Loan Mortgage -- are represented by Houston-based Gibbs & Bruns. Kathy Patrick (pictured) led a Gibbs & Bruns team that included partners Robert Madden and Scott Humphries, and associate Kate Shih. (See Texas Lawyer’s 2008 profile of Patrick here.) Bank of America turned to Wachtell, Lipton & Katz's Meyer Koplow and Theodore Mirvis. Bank of New York, the trustee for the residential mortgage-securitization trusts at issue, was represented by a team from Mayer Brown: Jason Kravitt, Hector Gonzalez, and Matthew Ingber. The deal must be approved by New York state court Judge Barbara Kapnick in a so-called Article 77 proceeding under New York law. To read the full AmLaw Litigation Daily report, click here.