Tom is a member of the Financial Industry Group, practicing in the area of Financial Services Litigation. Tom has more than 25 years' experience representing business clients in complex litigation, including securities, antitrust, intellectual property, consumer finance, business fraud and other commercial cases. Tom has been lead defense counsel in numerous jury trials. He has spearheaded the defense of more than 75 class actions in courts throughout the United States and is familiar with all aspects of class action practice. Tom has been defense counsel in three jury trials of certified class actions that went to verdict; two resulted in defense verdicts, and the plaintiffs' verdict in the third case was reversed on appeal. Tom also has extensive experience in coordinating the defense of multiple cases pending simultaneously in different courts, and the defense of parallel civil and criminal matters.
In recent years, Tom has represented clients in many disputes arising out of the 2008 credit crisis, including cases involving mortgage-backed securities and other structured products. Tom has also recently represented clients in the investment management industry, in cases under the federal securities laws, ERISA and the Investment Company Act of 1940.
Tom has been with Reed Smith during his entire career in private practice, and he was elected a partner in 1988. Tom has held a number of leadership positions at the firm. When Reed Smith combined with California-based Crosby Heafey in January 2003, Tom relocated to Los Angeles for 18 months to assist in the integration of the firms while maintaining his national litigation practice.
Reported decisions denying class certification: Martz v. PNC Bank, 2007 WL 2343800 (W.D.Pa. 2007); Reiser v. Residential Funding Corp., 236 F.R.D. 425 (S.D.Ill. 2005); Basile v. H & R Block, et al., 729 A.2d 574 (Pa. Super. 1999); Armstrong v. Wickes Furniture Company, Inc., 146 P.L.J. 95 (1998).