Patrick E. Gibbs is a partner in the Cooley Litigation department and member of the Securities Litigation practice group. He joined the Firm in 2016 and is resident in the Palo Alto office.

Mr. Gibbs specializes in securities class actions and derivative litigation, Securities and Exchange Commission investigations and enforcement proceedings, and internal corporate investigations. He also handles various complex litigation matters, including antitrust, consumer class actions and other types of complex business litigation.

Mr. Gibbs' clients have included public and private companies, venture capital and private equity firms and investment banks in a variety of industries, including computer hardware and software, semiconductors, biotech, life sciences and medical devices.

Mr. Gibbs' experience includes representing:

The former Chairman and CEO of sTec, Manouch Moshayedi, in one of the largest insider trading actions brought by the Securities and Exchange Commission. The SEC accused Mr. Moshayedi of engaging in insider trading and making false or misleading statements in connection with a secondary offering of approximately US$267 million worth of sTec stock owned by Mr. Moshayedi and his family. Following a three-week trial, the jury returned a complete defense verdict.
US Airways Group in a shareholder lawsuit arising out of the US$11 billion merger between US Airways and American Airlines. After defeating plaintiff's emergency motion asking the court to temporarily enjoin the shareholder vote and to require defendants to make additional disclosures in the proxy statement, US Airways' shareholders voted to approve the deal. Plaintiffs pursued a post-closing damages claim against the US Airways directors for having approved of the merger, which the court dismissed with prejudice for failure to state a claim. Plaintiff chose not to appeal the judgment.
Shocking Technologies in a suit against one of its directors for breach of fiduciary duty. The suit, filed in the Delaware Court of Chancery, arose out of the director's efforts to prevent Shocking from getting needed funding from an investor. Following a bench trial, the Court found that the director had breached his duty of loyalty to Shocking.
Oracle and three of its executive officers in a securities class action arising from a missed earnings forecast in 2001. Plaintiffs sought damages in excess of US$3 billion. On the eve of trial, the court granted summary judgment for the defendants, and the Ninth Circuit Court of Appeals affirmed.