Wikipedia

Draft:Brad E. Beckworth

  • Comment: I haven't evaluated his notability, since the entire text is promotional and would have to be thoroughly revised and rewritten. bonadea contributions talk 17:12, 2 October 2024 (UTC)

Bradley E. Beckworth is an American trial lawyer and partner at the law firm Nix Patterson, LLP. He has led a number of high-profile cases, with total verdicts and settlements resulting in billions of dollars in recoveries for his clients..[1][2][3][4][5]

Early life and education

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Beckworth grew up in Conroe, Texas[1] and graduated from Baylor Law School in 1997.[6]

Career

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Beckworth served as a judicial law clerk for the Honorable Richard Schell, then Chief Judge of the Eastern District of Texas, from 1997 to 1998. Beckworth joined Nix Patterson in 1998, where he is now co-managing partner.[7]

Opioid litigation

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In May 2019, Beckworth became the first trial lawyer to take an opioid manufacturer to trial for causing America’s opioid epidemic.[8] In June 2017, Oklahoma Attorney General Mike Hunter chose Beckworth and his Nix Patterson team to represent the State of Oklahoma in a lawsuit against several major pharmaceutical companies for their alleged role in causing Oklahoma’s opioid epidemic. [9][1]

The lawsuit alleged that the defendants—including Purdue Pharma, Johnson & Johnson, Janssen, Cephalon, and others—conspired to intentionally mislead Oklahoma healthcare providers and residents about the addictive and harmful nature of opioid medications in order to increase drug sales in the State.[10] The State argued the companies created a public nuisance, causing the deaths of thousands of Oklahomans and depleting the state’s resources due to the vast health care, law enforcement, and treatment costs of the state’s addiction crisis.[11][10]

Trial Judge Thad Balkman set the case for trial to begin on May 29, 2019 and would not allow either side to move the trial date. Beckworth and his team worked around the clock for more than a year, with several members of the team moving into and living in their office for weeks at a time.[1] In March 2019, Purdue Pharma, the maker of OxyContin, settled before trial, agreeing to pay $270 million.[12] As part of the settlement, the founders and owners of Purdue Pharma, the Sackler family, also agreed to contribute $75 million.[12] Similarly, Teva Pharmaceuticals, one of the biggest makers of generic drugs, settled on the Saturday before trial began and agreed to pay $85 million.[13]

On May 29, 2017, Beckworth delivered the State’s opening statement in its trial against Johnson.[14] [15][16] The trial was carried live on several continents.[17] Beckworth explained Johnson & Johnson’s role in causing the epidemic, explaining that the company knew that “when you oversupply people will die.” [18] The company’s stock price dropped dramatically in the next few hours, losing over $20 billion in market capitalization.[19][20][21] On Aug. 26, 2019, after a seven week-long trial, Judge Thad Balkman of Cleveland County District Court in Oklahoma ruled that Johnson & Johnson and its subsidiary Janssen Pharmacuticals were liable for overly aggressive and deceptive marketing practices that contributed to the state's opioid epidemic and ordered them to pay $572 million to the state.[22][23] Judge Balkman’s ruling was the first of its kind in the country to find an opioid manufacturer liable for the harm caused from the opioid crisis in the United States.[18] In November 2019, Judge Balkman revised the ruling and lowered the judgment against Johnson & Johnson to $465 million.[23] [24]

On November 9, 2021, in a 5-1 decision, the Oklahoma Supreme Court reversed Judge Balkman’s ruling, and held that Oklahoma’s public nuisance law does not does not extend to the manufacturing, marketing and selling of prescription opioid.[25] However, Johnson & Johnson ultimately entered into a “global settlement” under which it paid over $26 billion to settle the majority of the litigation pending against it by states and political subdivisions.[26][27]

After the Johnson & Johnson trial, Beckworth negotiated settlements for Oklahoma with Endo Pharmaceuticals[28], McKinsey & Company[29], McKesson Corp.[30], Cardinal Health[31], and AmerisourceeBergen.[32] The State’s total recoveries exceeded $1 billion.[33][34][35]

Beckworth and trial team’s work was featured in Episode 7 of the Heartland Emmy award-winning series “Killing Pain."[36]

Beckworth and the Nix, Patterson trial team also represented the Choctaw and Chickasaw Nations in their opioid litigation and led the State of Washington’s lawsuit against Johnson & Johnson for its role in causing Washington’s opioid crisis.[37][12][38] In January 2024, the State of Washington announced that had settled its claims against Johnson & Johnson for $149.5 million.[39][40]

Royalty owner litigation

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In 2020, Beckworth led the NP trial team in a federal class action trial on behalf of Perry Cline, a farmer, and thousands of oil and gas royalty owners against Sunoco Logistics LP.[41] In August of 2020, United States District Judge John Gibney found in favor of Cline and the Class and ordered Sunoco and its parent company, Energy Transfer Partners to pay over $155 million in damages, which included $75 million in punitive damages.[42][43][44]

In 2015, Beckworth led the NP trial team in another historic case on behalf of royalty owners, Pummill v. Cimarex, which resulted in a verdict and judgment in favor of royalty owners that resolved several key issues in favor of Oklahoma royalty owners.[45][46]

In addition to these verdicts on behalf of royalty owners, Beckworth has led cases that have resulted in hundreds of millions in recoveries for royalty owners including a $155 million settlement against QEP Energy Company[47][48], an $87.5 million settlement against Range Resources[49][50], an $80 million and a $16 million settlement against XTO Energy Inc.[51][52][53], and a $52 million settlement against EnerVest Energy[54][55]

Indian nations timberland litigation

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Beckworth represented the Chickasaw Nation and the Choctaw Nation in a historic lawsuit against the United States[3], alleging that the U.S. government mismanaged over 1.3 million acres of timberland that belonged to the Nations but were held in a trust controlled by the U.S. government.[56][4][57] Between 1903 and 1940, the U.S. government sold off the land, allowing timber companies to generate billions in revenue. The lawsuit argued this money should have gone to the tribes if the land had been managed properly.[58] The case settled for $186 million, the fifth-largest settlement out of the 86 tribal trust actions that have been filed.[56][4][58]

The history behind the tribal lawsuit was featured in an online documentary entitled “The Tragedy of Broken Trust.”[59]

In addition to the financial payment, the United States also agreed to formally apologize to each Indian Nation for the United States conduct toward the tribes.[56][60][61]

Securities litigation

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Delphi

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Beckworth and his law firm Nix Patterson represented the Teachers' Retirement System of Oklahoma and the Oklahoma Law Enforcement Retirement System in a lawsuit against Delphi Corp., claiming the Funds lost money as investigations into alleged accounting fraud dragged down Delphi’s stock price.[5][62] The lawsuit alleged that Delphi’s top executives and outside parties conspired to keep the company’s stock price artificially high through a series of sham transactions and accounting tricks.[5] In July 2007, the Funds reached a $284 million class settlement with Delphi and several of its former officers, directors, and underwriters.[63]

Brocade

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Beckworth also represented the Arkansas Public Employees Retirement System in a lawsuit against Brocade Communications Systems Inc., a California-based technology firm, alleging that the company backdated its stock options which caused the Arkansas system to lose more than $1 million from investments in the company's stock over a five-or six-year period.[64][65].The parties ultimately settled for $160 million, representing the largest backdating settlement as of 2008.[66][64]. The lawsuit was featured in a Pulitzer Prize-winning series by the Wall Street Journal.[67][68][69]

Moneygram

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Beckworth and his Nix Patterson team reached an $80 million settlement on behalf of investors in MoneyGram International, Inc. on allegations that MoneyGram made false and misleading statements surrounding the quality and nature of asset-backed securities held in MoneyGram’s investment portfolio.[70][71][72]

CompSource

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Beckworth and Nix Patterson filed suit in the Eastern District of Oklahoma on behalf of CompSource Oklahoma—a statutorily-created state workers compensation insurance company—and other participants in BNY Mellon’s securities lending program, alleging that BNY Mellon breached its fiduciary duties (under both common law and ERISA), breached its securities lending agreements, and was negligent in connection with its investment of its clients’ funds in medium-term notes of Sigma Finance, Inc.[73] After three and a half years of litigation, the parties reached a $280 million cash settlement.[74][75][76]

Sports representation

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In 2013, Beckworth represented celebrated Texas A&M University football quarterback Johnny Manziel (popularly known as “Johnny Football”).[1] Beckworth successfully fought back against the NCAA’s efforts to impose a multiple-game suspension on Manziel for allegedly attempting to earn money as a college athlete.[77]

In 2023, Beckworth represented former University of Michigan staff member, Connor Stalions. The NCAA alleged that Stalions had engaged in improper “advanced scouting” in violation of an NCAA bylaw.[78] As of May 2024, the matter was still pending.

Personal life

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Beckworth and his wife, Stacey, have two daughters, Caroline and Katie. The family lives in west Austin.[1]

References

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  1. ^ a b c d e f Gonzalez, Jose R. (September 29, 2019). "Trial lawyer Brad Beckworth cites small-town Conroe upbringing in career success". Your Conroe News. Retrieved July 11, 2024.
  2. ^ Money, Jack. "Oklahoma announces opioid settlements with Walgreens, CVS, Walmart". The Oklahoman.
  3. ^ a b "Chickasaw Nation v. Dep't of the Interior, 120 F. Supp. 3d 1190 | Casetext Search + Citator". casetext.com.
  4. ^ a b c Staff, Journal Record (October 5, 2015). "Chickasaw, Choctaw tribes to sign $186M settlement with U.S. | The Journal Record".
  5. ^ a b c Monies, Paul. "Retirement funds sue auto supplier Delphi is accused of securities fraud by teacher, law enforcement pensions". The Oklahoman.
  6. ^ "State Bar of Texas | Find A Lawyer | Bradley E. Beckworth". www.texasbar.com.
  7. ^ Development, PodBean. "Brad Beckworth | State of Oklahoma v. Johnson & Johnson; Janssen Pharmaceuticals, Inc. | $572.1 million verdict | The Great Trials Podcast". greattrialspodcast.podbean.com.
  8. ^ "Johnson & Johnson faces trial over opioid crisis in Oklahoma". May 28, 2019 – via www.bbc.com.
  9. ^ "Johnson & Johnson opioids helped create 'worst man-made public health crisis in history,' Oklahoma says in court". NBC News. May 29, 2019.
  10. ^ a b "Industry Documents Library". www.industrydocuments.ucsf.edu.
  11. ^ https://www.washingtonpost.com/national/health-science/purdue-pharma-state-of-oklahoma-reach-settlement-in-landmark-opioid-lawsuit/2019/03/26/69aa5cda-4f11-11e9-a3f7-78b7525a8d5f_story.html
  12. ^ a b c Kounang, Wayne Drash,Nadia (March 26, 2019). "Purdue Pharma to pay $270 million to settle historic Oklahoma opioid lawsuit". CNN.{{cite web}}: CS1 maint: multiple names: authors list (link)
  13. ^ Drash, Theresa Waldrop,Wayne (May 26, 2019). "Drugmaker Teva to pay $85 million to settle Oklahoma opioid lawsuit". CNN.{{cite web}}: CS1 maint: multiple names: authors list (link)
  14. ^ Vestal, Christine (May 24, 2019). "Nation's First Opioid Trial Promises Long Odds, High Drama • Stateline".
  15. ^ "Trial Begins in Oklahoma Lawsuit Against Opioid Maker Johnson & Johnson". Voice of America. May 28, 2019.
  16. ^ https://www.npr.org/2019/05/27/724093091/this-case-will-set-a-precedent-first-major-opioid-trial-to-begin-in-oklahoma
  17. ^ World, Barbara Hoberock Tulsa (May 28, 2019). "Oklahoma AG accuses drugmaker of brainwashing as litmus-test opioid trial opens in Norman". Tulsa World.
  18. ^ a b Ries, Meg Wagner,Brian (May 28, 2019). "Johnson & Johnson at center of first opioid crisis trial: Live updates". CNN.{{cite web}}: CS1 maint: multiple names: authors list (link)
  19. ^ Hoffman, Jan (May 28, 2019). "Oklahoma Faces Off Against J & J in First Trial of an Opioid Maker". The New York Times – via NYTimes.com.
  20. ^ https://www.barrons.com/articles/johnson-johnson-stock-slide-from-opioid-trial-worries-overdone-51559227865
  21. ^ "Johnson & Johnson Shares Jump 5% After Oklahoma Opioid Outbreak Verdict". 26 August 2019.
  22. ^ https://www.courthousenews.com/wp-content/uploads/2019/08/OklaJJOpioid-VERDICT.pdf
  23. ^ a b https://www.npr.org/2019/11/15/779439374/oklahoma-judge-shaves-107-million-off-opioid-decision-against-johnson-johnson
  24. ^ Thomas, Katie; Hsu, Tiffany (August 27, 2019). "Johnson & Johnson's Brand Falters Over Its Role in the Opioid Crisis". The New York Times – via NYTimes.com.
  25. ^ "Oklahoma court overturns $465 million opioid ruling against Johnson & Johnson". PBS News. November 9, 2021.
  26. ^ "Drug distributors, J&J agree to finalize $26 bln opioid settlement | Reuters". Reuters.
  27. ^ "J&J, distributors finalize $26B landmark opioid settlement". AP News. February 25, 2022.
  28. ^ Ellis, Randy. "Opioid manufacturer Endo Pharmaceuticals reaches $8.75 million settlement with Oklahoma". The Oklahoman.
  29. ^ Forsythe, Michael; Bogdanich, Walt (February 4, 2021). "McKinsey Settles for Nearly $600 Million Over Role in Opioid Crisis". The New York Times – via NYTimes.com.
  30. ^ https://www.reuters.com/world/us/oklahoma-reaches-250-mln-opioid-settlement-with-drug-distributors-2022-06-27/#:~:text=Oklahoma%20reaches%20%24250%20mln%20opioid%20settlement%20with%20drug%20distributors,-By%20Reuters&text=June%2027%20(Reuters)%20%2D%20Oklahoma,tab%20and%20McKesson%20Corp%20(MCK.
  31. ^ Foster, Miranda Vondale (June 27, 2022). "Oklahoma reaches $250M settlement with three opioid distributors". KOKH.
  32. ^ "Oklahoma reaches opioid settlement with 3 drug companies". AP News. June 28, 2022.
  33. ^ "Oklahoma reaches opioid settlement with 3 drug companies". June 28, 2022.
  34. ^ Young, Molly. "Native American tribes in Oklahoma, U.S. reach $590 million opioid settlement". The Oklahoman.
  35. ^ "Nearly 100 Oklahoma groups apply for opioid lawsuit settlement funds | KOSU".
  36. ^ McDonnell, Brandy. "Extended interview and video: Oklahoma documentary series 'Killing Pain' earns regional Emmy Awards for covering opioid epidemic". The Oklahoman.
  37. ^ "Washington state reaches $149.5 million settlement with Johnson & Johnson over opioid crisis". PBS News. January 24, 2024.
  38. ^ "Chickasaw, Choctaw Historic Settlement | Nix Patterson". Nix Patterson, LLP.
  39. ^ "AG Ferguson: Johnson & Johnson to pay nearly $150M over its role fueling opioid epidemic | Washington State". www.atg.wa.gov.
  40. ^ "Nix Patterson Secures Historic $149.5 Million Settlement for Washington in Opioid Case Against Johnson & Johnson". Nix Patterson, LLP.
  41. ^ Money, Jack. "Federal judge orders Sunoco Logistics to pay $155 million for owed interest, penalties on late payments for oil purchases". The Oklahoman.
  42. ^ "Record Oklahoma Class Action Verdict | Nix Patterson". Nix Patterson, LLP.
  43. ^ "Federal Court Rules Sunoco Owes $150 Million for Late Royalty Payments | Harris, Finley & Bogle, P.C."
  44. ^ Francis-Smith, Janice (December 24, 2020). "Sunoco ordered to pay $155 million to Oklahoma royalty owners | The Journal Record".
  45. ^ https://digitalcommons.law.ou.edu/cgi/viewcontent.cgi?article=1175&context=onej
  46. ^ https://www.okbar.org/wp-content/uploads/2018/08/OBJ2018June30.pdf
  47. ^ "IN THE UNITED STATES DISTRICT COURT | QEP Resources Inc | Business Contracts | Justia". contracts.justia.com.
  48. ^ https://www.classaction.org/media/chieftain-royalty-v-qep-energy-settlement.pdf
  49. ^ "$87.5M Gas Royalty Settlement | Nix Patterson". Nix Patterson, LLP.
  50. ^ "Gas Royalties Dispute Ends in $87M Settlement | Courthouse News Service".
  51. ^ "Final Approval: XTO Energy Settlement | Nix Patterson". Nix Patterson, LLP.
  52. ^ "Oklahoma Court OKs $80M Natural Gas Royalties Settlement Between XTO, Landowners". naturalgasintel.com. March 28, 2018.
  53. ^ "XTO Energy to Pay $16 Million to Settle False Claims Allegations". news.bloomberglaw.com.
  54. ^ "NP Secures EnerVest/Four Point Settlement | Nix Patterson". Nix Patterson, LLP.
  55. ^ https://www.hallestill.com/uploads/Update-on-Oklahoma-Oil-and-Gas-Royalty-Litigation.pdf
  56. ^ a b c "Secretary Jewell Announces Historic $186 Million Settlement of Chickasaw and Choctaw Nations' Tribal Trust Lawsuit | U.S. Department of the Interior". www.doi.gov. October 6, 2015.
  57. ^ Staff, I. C. T. (September 13, 2018). "'New Chapter in Trust': Historic $186 Million Settlement Reaffirms Sovereignty, Tribes Say". ICT News.
  58. ^ a b Writer, Staff. "U.S. Government, Chickasaw, Choctaw Tribes Announce Historic Settlement Worth Millions". Southwest Times Record.
  59. ^ "Chickasaw.tv | The Tragedy of Broken Trust". www.chickasaw.tv.
  60. ^ Staff, I. C. T. (September 13, 2018). "'New Chapter in Trust': Historic $186 Million Settlement Reaffirms Sovereignty, Tribes Say". ICT News.
  61. ^ "Secretary of Interior Jewell Press Conference". October 6, 2015 – via YouTube.
  62. ^ News, Bloomberg (October 6, 2005). "Delphi Used Sham Sales To Lift Profits, Lawsuit Says". The New York Times – via NYTimes.com. {{cite news}}: |last= has generic name (help)
  63. ^ "Delphi Corp. to pay $284 million class action settlement for securities fraud". www.bigclassaction.com.
  64. ^ a b "Securities fraud suit awards to public retirement system | Arkansas Democrat Gazette". www.arkansasonline.com. June 3, 2008.
  65. ^ https://www.wsj.com/articles/SB121244136043539225
  66. ^ "Brocade Stock Options Backdating Bill: $160M, Biggest So Far".
  67. ^ "The Pulitzer Prizes".
  68. ^ Maleval, Jean Jacques (June 4, 2008). "Nix, Patterson & Roach LLP Recovers $160 Million in Brocade Securities Fraud Class Action". StorageNewsletter.
  69. ^ "Brocade Pays Record $160M to Settle Lawsuit". www.networkcomputing.com.
  70. ^ LaCroix, Kevin (February 26, 2010). "MoneyGram Settles Subprime-Related Securities Suit for $80 Million". The D&O Diary.
  71. ^ "MoneyGram settles investor lawsuit for $80 million". cleveland. February 26, 2010.
  72. ^ "MoneyGram settles suit for $80 mln over subprime | Reuters". Reuters.
  73. ^ "BNY Mellon Settles Sigma-Related Lawsuit for Approximately $280 Million - Global Custodian". www.globalcustodian.com.
  74. ^ "Settlement Agreement". www.sec.gov.
  75. ^ "BNY Mellon $280M Settlement | Nix Patterson". Nix Patterson, LLP.
  76. ^ Dugdale, Mark. "BNY Mellon settles Sigma lawsuit". www.securitiesfinancetimes.com.
  77. ^ Martin, Jill (February 23, 2016). "Johnny Manziel: A timeline of the troubled football star". CNN.
  78. ^ Axson, Jace Evans, Steve Gardner and Scooby. "Connor Stalions, Michigan football staffer at center of sign-stealing scandal, resigns". USA TODAY.{{cite web}}: CS1 maint: multiple names: authors list (link)
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