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Wade Webster

Partner
wwebster@frfirm.com

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400 Poydras Street
30th Floor
New Orleans, Louisiana 70130

Direct Line: (504) 595-5155
Telephone: (504) 523-2600
Fax: (504) 523-2705
wwebster@frfirm.com

Wade Webster enjoys a diverse practice with emphasis in litigation, corporate law, oil and gas, real estate, financings, taxation, estate planning and successions. He is also a Certified Public Accountant (inactive).

He is the author of Expert Witness Fees in Federal Diversity Cases; 24 St. Mary’s Law Journal 463 (1993). 

Mr. Webster graduated from Louisiana State University with a B.S. in Accounting in 1978.  In 1982, he received his J.D. from Tulane Law School.
 
He was admitted to the Louisiana bar in 1982, and the Texas bar in 1993.  Mr. Webster is also admitted to practice before the United States Supreme Court, United States Court of Appeals for the Third, Fifth and Sixth Circuits and the United States Tax Court.

Mr. Webster is a member of the Louisiana Bar Association, Texas Bar Association and the Society of Louisiana Certified Public Accountants.  He is a title insurance agent in the State of Louisiana licensed to issue title insurance for real estate transactions and financings.

Practices:

  • Litigation
  • Corporate Law
  • Oil and Gas
  • Real Estate
  • Successions
  • Taxation
  • Financings

Bars & Courts:

  • Louisiana Bar, 1982
  • Texas Bar, 1993
  • United States Supreme Court
  • United States Court of Appeals for the Third, Fifth and Sixth Circuits
  • United States Tax Court

Education:

  • B.S., Louisiana State University, 1978, Accounting
  • J.D., Tulane Law School, 1982 

Professional Associations:

  • Louisiana Bar Association
  • Texas Bar Association
  • Society of Louisiana Certified Public Accountants

Publications:

  • Expert Witness Fees in Federal Diversity Cases, 24 St. Mary’s Law Journal 463 (1993)
  • Shipyard Seizes Bunkers on Board Vessel on Which It Performed No Work, Int’l Law Office Shipping and Transport (November 30, 2016).

Representative Matters

  • Prevailed on behalf of John W. Stone Oil Distributor LLC on suit against it for breach of contract, tortious interference and fraud arising from lease of oil railcars. Sam Mannino Enterprises, LLC v. John W. Stone Oil Distributor, LLC, 2015 US Dist. LEXIS 115362 (W.D.Pa. 2015). 
  • Prevailed on behalf of Crimson Exploration, Inc. against mineral owners asserting claims for mismanagement of drilling operations. Hayes Fund v. Kerr McGee, 2015 La. LEXIS 2530 (La. 2015)
  • Handled the $60 million sale of the Hotel InterContinental in New Orleans for the seller and the issuance of the title insurance as a licensed title agent in the state of Louisiana.
  • Handled the acquisition of a chemical plant on the Mississippi River by a foreign private company in a $350 million transaction.
  • Obtained a summary judgment recovering damages, plus $80,000 in attorney’s fees and penalties, against Commonwealth Land Title Insurance Company for its failure to timely pay a title claim on a $350,000 title insurance policy.
  • Obtained a judgment on appeal successfully striking building restrictions in a shopping mall that had prevented our client from opening a grocery store. Schwegmann Family Trust v. White III, LLC, 76 So.3d 1228 (La. App. 4 Circ. 2011).
  • Handled the $240 million fleet mortgage and vessel financing by Royal Bank of Scotland, Wells Fargo and J.P. Morgan/Chase to GulfMark covering a total of 23 vessels supporting the oil and gas industry in the Gulf of Mexico.
  • Handled a $250 million loan and real estate mortgage from Capital One in 2015 for a private company involved in the oil business.
  • Handled a $42 million ship mortgage and vessel construction loan from Wells Fargo for a private company to construct a new fuel ship.
  • Represented Crimson Exploration Inc., on $400,000,000 loan from Wells Fargo Bank with mortgage against oil and gas properties.
  • Represented private seller on $24 million sale of Plaza Tower skyscraper in New Orleans.
  • Prevailed in oil and gas litigation under Joint Operating Agreement on behalf of initial operator. Palace Exploration Co. v. Louisiana Exploration and Drilling Co., 812 So.2d 100 (La. App. 5 Cir. 2002).
  • Prevailed in litigation for real estate developer against neighbors seeking to block condominium tower in New Orleans Warehouse District. Rubenstein v. City of New Orleans, 982 So.2d 964 (La.  App. 4 Cir. 2008).
  • Prevailed against Norfolk Southern R.R. for a tenant under an unfair trade practices suit. Racko Properties, Inc. v. Alabama Great Southern Railroad, 2008 U.S. Dist. LEXIS 32023 (E.D. La. 2008).
  • Successfully defended Bell South in Fair Labor Standards Act claim by telephone splicers for overtime wages in aftermath of Hurricane Katrina. Thibault v. Bell South, 612 F.3d 843 (5th Cir. 2010).

 

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