Currently leading the defense of a subsidiary of a Fortune 100 exploration and production company against claims for an alleged breach of an area of mutual interest agreement concerning the Bakken shale play in North Dakota. Obtained an early partial summary judgment dismissing the plaintiffs’ multi-hundred million dollar damage claim. See Spring Creek Exploration & Production Company et al. v. Hess Bakken Investments II, LLC et al., 2016 WL 1170105 (D. Colo. Mar. 24, 2016).
As lead counsel, currently representing two geologists as claimants in an international arbitration against two Asian state-owned oil companies arising from the non-payment of overriding royalty interests.
Currently representing, as plaintiff, a maker of oil and gas drilling fluid additives on claims against a competitor for monopolization and tortious interference with contract.
As lead counsel, represented an executive-level exploration geologist as a plaintiff in a dispute arising from the breach of various employment agreements and unpaid oil and gas net profits interests. Safi was retained to take over as plaintiff’s counsel after the case had been underway for years, and within two months obtained a settlement more than 10 times the defendant’s last settlement offer before Safi entered an appearance.
Class Actions/Complex Litigation
Currently representing plaintiffs, individually and as representatives of a proposed class of certain Class B shareholders in CME Group, Inc. (“CME”) and certain Class B members of CME’s subsidiary, The Board of Trade of the City of Chicago, Inc. (“CBOT”). The lawsuit alleges that CME and CBOT breached their obligations under their respective corporate charters with respect to the exchanges’ Globex electronic trading platform. Additional information about the case is available at cmelawsuit.com.
Represented, as a class action opt-out plaintiff, the Liquidating Trustee of the Estate of Circuit City Stores on antitrust claims against various defendants who engaged in a global conspiracy to fix the price of cathode ray tubes (“CRTs”), causing Circuit City to pay more for products containing CRTs (televisions and computer monitors) than it otherwise would have had to pay. Achieved cumulative settlements in excess of $130 million.
Currently serving on the legal team defending the International Rescue Committee (“IRC”) against a lawsuit brought by the Texas Health and Human Services Commission that seeks to restrict the federal government’s and IRC’s ability to resettle Syrian refugees in Texas. Obtained denial of a preliminary injunction and a subsequent dismissal of all claims asserted against IRC. See Texas Health & Human Services Commission v. United States of America et al., 2016 WL 1355596 (N.D. Tex. Feb. 8, 2016). The case is now on appeal.
Represented a private transportation company against its insurer for bad-faith failure to settle. Safi was engaged after a South Texas jury returned a $25+ million verdict on personal injury claims against the client, far in excess of the insurance policy limits. The matter was resolved without the need to file a lawsuit, and without the client paying anything out of pocket on the verdict.
Defended a major property and casualty insurer against claims for bad-faith failure to settle personal injury claims. The South Carolina Supreme Court decided a key issue in the client’s favor, which effectively thwarted the insureds’ and the personal injury plaintiffs’ attempt to manufacture a bad-faith claim through a confession of judgment. See Skipper et al. v. ACE Property & Casualty Insurance Company et al., 775 S.E.2d 54 (S.C. 2015).