Roy W. Arnold

Partner

Education

  • University of Pittsburgh School of Law, 1993, J.D., with honors, Elected to Order of the Coif; Lead Executive Editor of the University of Pittsburgh Law Review
  • University of Pennsylvania, 1990, B.A., with honors, Economics

Professional Admissions / Qualifications

  • Pennsylvania

Court Admissions

  • U.S. Supreme Court
  • U.S. Court of Appeals - Third Circuit
  • U.S. Court of Appeals - Fourth Circuit
  • U.S. Court of Appeals - Seventh Circuit
  • U.S. Court of Appeals - Eighth Circuit
  • U.S. Court of Appeals - Ninth Circuit
  • U.S. Court of Appeals - Tenth Circuit
  • U.S. Court of Appeals - Eleventh Circuit
  • U.S. District Court - Eastern District of Michigan
  • U.S. District Court - Western District of Pennsylvania

Roy is a partner in the Financial Industry and Complex Litigation Strategy Groups, practicing in the areas of Class Action Defense, Financial Services Litigation and Internal Investigations. Roy has more than 20 years of broad experience representing and counseling clients faced with alleged class action lawsuits and other complex litigation, including internal and regulatory investigations. His clients have spanned diverse industries, including financial services, securities, hotel/resorts, natural resources, and technology/software. He has successfully defended and resolved a variety of significant cases brought against banks and financial services companies involving residential mortgage lending, loan servicing, consumer banking, syndicated lending, mortgage backed securities, securitizations and various secondary market issues. He has extensive experience defending all types of claims in these areas, including statutory claims brought under the RESPA, TILA, HOEPA, FDCPA, FCRA, civil RICO, state high cost and second mortgage loan statutes, and state consumer protection statutes.

He also has successfully defended a number of significant cases involving a wide range of securities-related issues for public companies and their directors and officers, including shareholder derivative and merger or acquisition-related litigation. In addition, he has broad experience handling general commercial and other complex civil litigation. Roy has served as lead counsel in jury and non-jury trials in state and federal courts, as well as mediations and arbitrations.

As a result of his experience, Roy has defended more than 150 putative class actions in various states, including Pennsylvania, Missouri, Rhode Island, Alabama, Florida, Virginia, Tennessee, North Carolina, Indiana, Illinois, Maryland, Michigan, Nevada, New York, Ohio, Utah, West Virginia and Washington. A complete list of such putative class actions is available upon request.

Employment History

  • 1995 - Reed Smith

Clerkships

  • Honorable Alan N. Bloch, U.S. District Court - Western District of Pennsylvania

Honors & Awards

  • Received AV rating (highest for professional ethics and legal ability) from Martindale-Hubbell, an objective peer review rating system for attorneys
  • Selected as Pennsylvania Rising Star – Class Actions (2005, 2006, 2007)
  • Selected as one of "10 Under 40" securities litigators by Securities Law 360
  • Selected as "Lawyer on the Fast Track," an award bestowed on 35 Pennsylvania lawyers by American Lawyer Media based upon panel of judges' selection from peer nominations

Professional Affiliations

  • Allegheny County Bar Association – Member
  • Allegheny County Bar Foundation – Fellow
  • American Bar Association – Member of the Class Action Subcommittees of both the Litigation and Business Law Sections
  • Duquesne University Economics Department – Advisory Board
  • Federal Court Section Council (2005-2008)
  • Mortgage Bankers Association – Member of the Class Actions/Legal Issues Committee
  • Penn State University Dickinson School of Law – Guest lecturer on class action litigation (Spring 2011)
  • University of Pittsburgh Katz School of Business – Guest lecturer to MBA Business Law Class concerning class action litigation (Fall 2010, 2011 and 2012)
  • University of Pittsburgh School of Law – Adjunct professor teaching complex litigation (Spring 2003)
  • University of Pittsburgh School of Law – Law Fellow
  • Leadership Pittsburgh Inc. (nonprofit organization dedicated to developing a diverse group of leaders to serve Southwestern Pennsylvania) – Program Graduate
  • Pittsburgh International Children's Theater – Director
  • St. Teresa of Avila Parochial School – Board Member of Athletic Association; Soccer Program Director/Coach (Grades 4-8)