Roy W. Arnold

Biography

Roy serves as co-chair of the Firm’s national class action defense team and focuses his practice defending financial services litigation, mergers & acquisitions and securities litigation, and ADA Title III litigation and compliance. He has more than 25 years of broad experience representing and counseling clients faced with alleged class action and derivative lawsuits as well as other complex litigation. His clients have spanned diverse industries, including financial services, securities, retail, hotels and resorts, energy and natural resources, and technology and software.

Roy has successfully defended and resolved a variety of significant cases brought against banks and corporations involving class action claims, mergers and acquisitions, corporate governance and fiduciary duties, residential mortgage lending, automobile finance, loan servicing, consumer banking, syndicated lending, mortgage backed securities, securitizations, and various secondary market issues.

In addition, he has broad experience handling general commercial and other complex civil litigation. Roy has served as national coordinating counsel and lead trial counsel in jury and non-jury trials in various state and federal courts, as well as in mediations and arbitrations.

As a result of his diverse experience, Roy has defended more than 300 putative class actions in various states, including Pennsylvania, Missouri, Rhode Island, Alabama, Florida, Virginia, Tennessee, North Carolina, Indiana, Illinois, Maine, Maryland, Michigan, Nevada, New York, Ohio, Utah, West Virginia, and Washington. A complete list of such putative class actions is available upon request.

He served as a judicial clerk to the Honorable Alan N. Bloch, U.S. District Court of the Western District of Pennsylvania. During law school, Roy was elected to Order of the Coif and served as the lead executive editor of the University of Pittsburgh Law Review.

Outside the Firm

Roy enjoys international travel with his family, fly fishing, and golf.

Experience

Banking and Financial Services

  • As lead counsel, defeated class certification in a putative nationwide class action alleging that the bank’s notices of repossession violated state commercial codes.
  • As lead counsel, successfully defended a putative nationwide class action against a top 20 bank challenging lender-placed flood insurance; the complaint was voluntarily dismissed in response to motion to dismiss.
  • As lead counsel, successfully defended a federal savings bank in a putative class action challenging its overdraft fees and order of posting of debit transactions; the case was voluntarily dismissed in response to motion to dismiss.
  • As lead counsel, defeated class certification in a putative FCRA class action against a bank client claiming inadequate disclosures relating to requests for prequalification.
  • As lead counsel and advocate, obtained dismissal of a significant commercial lender liability case against a community bank client.
  • As co-lead counsel, obtained denial of class certification in a putative nationwide class action alleging violations of the Truth in Lending Act and Real Estate Settlement Procedures Act; developed a strategy leading to the interlocutory reversal of denial of motion to dismiss Illinois Interest Act claims. 
  • As lead counsel, defeated class certification on behalf of a mortgage servicer in an action challenging an "expedite statement" or "fax" fee. 

M&A and Shareholder Securities or Derivative Litigation

  • Successfully defended a renowned American food corporation and its board of directors in a shareholder derivative and class action litigation arising from a proposed $28 billion acquisition; state court dismissed the cases based on a special litigation committee report concluding that litigation was not in the best interests of the company, and federal lawsuits were voluntarily dismissed before the decision.
  • Represented a global generic and specialty pharmaceuticals company and its board of directors in shareholder actions in Pennsylvania challenging its creation of a stichting under Dutch law to thwart the potential hostile acquisition by a multinational pharmaceutical company and in connection with its proposed $27 billion tender offer for a leading global healthcare supplier that develops, manufactures, and distributes consumer products.
  • As co-lead counsel, successfully defended a Pittsburgh-based bank holding company and financial services corporation and its board of directors in shareholder derivative litigation arising from various governmental investigations, settlements, and subpoenas; obtained a stay and dismissal of state court litigation based upon the special litigation committee’s report.
  • As lead counsel, defended a petroleum and natural gas exploration and pipeline transport company and its board of directors in shareholder litigation seeking to enjoin its $6.7 billion acquisition of an energy corporation; persuaded the court to deny an injunction request and dismiss a complaint and amended complaint.
  • Lead counsel for a Pittsburgh-based financial services corporation in shareholder litigation in North Carolina seeking to enjoin its $1.4 billion acquisition of a bank holding company.
  • Lead counsel for a Pittsburgh-based financial services corporation in shareholder litigation in Ohio seeking to enjoin a proposed $106 million acquisition of a holding company; three state court lawsuits were voluntarily dismissed in response to motions to dismiss, and the federal action was dismissed by the court. 
  • Lead counsel for a Pittsburgh-based financial services corporation in shareholder litigation in Maryland seeking to enjoin its $94 million acquisition of a financial services corporation; an injunction motion and complaint was voluntarily dismissed with a motion to dismiss pending.
  • Lead counsel for a Pittsburgh-based financial services corporation in shareholder litigation in Maryland seeking to enjoin its $51 million acquisition of an Annapolis-based bank holding company; settled for supplemental disclosures and no additional deal consideration.

ADA Title III Litigation and Compliance

  • As lead counsel, successfully defended and resolved ADA claims brought against more than 25 bank and credit union clients by vision-impaired individuals seeking "voice guidance technology," and claiming that automated teller machines were not accessible and independently useable.
  • As lead counsel, defended more than 50 banks and other companies in putative class actions and other claims alleging that their websites were inaccessible for vision impaired individuals under the ADA.
  • As lead counsel, defended multiple banks and REITs in numerous putative ADA class actions alleging that parking lots and paths of travel were inaccessible to wheelchair bound customers.
  • As lead counsel, successfully defended and resolved several putative ADA class actions against various national retailers alleging point of sale devices were inaccessible to blind customers.

Other Complex Litigation

  • As lead trial counsel for the plaintiff, successfully tried to a federal court jury claims of breach of fiduciary duty against a majority partner arising from improper related-party payments. The trial outcome led to the client’s collection of millions of dollars, the forced divestiture of the majority partner’s partnership interest, and the ouster of the majority partner from the partnership.
  • As lead counsel and advocate, persuaded the state trial court to dismiss a putative class action allegedly on behalf of two million customers that claimed a water company’s billing practices were unlawful.

Recognitions

  • M&A Litigation Defense, listed in The Legal 500 United States
  • Pennsylvania "Lawyer on the Fast Track," listed in American Lawyer Media
  • 2005–2007, "Pennsylvania Rising Star" in Class Actions, listed in Super Lawyers
  • AV Preeminent®, listed by Martindale-Hubbell®

Affiliations

Memberships

  • Allegheny County (PA) Bar Association
  • Allegheny County Bar Foundation
Professional Activities

Roy is actively involved in many legal organizations and associations, notably serving as a member of the Allegheny County Bar Association and as a fellow of the Allegheny County Bar Foundation. He previously served as a member of the Federal Court Section Council (2005–2008), as an adjunct professor at the University of Pittsburgh School of Law (Spring 2003), and as a past advisory board member for the Duquesne University Economics Department. He is a director of the Pittsburgh International Children's Theater and a past board member of St. Teresa of Avila Parochial School’s Athletic Association, serving as a soccer program director and coach. Roy is also a program graduate of Leadership Pittsburgh, Inc., a nonprofit organization dedicated to developing a diverse group of leaders to serve Southwestern Pennsylvania.

Additionally, Roy is a frequent lecturer at local universities, serving as a guest lecturer concerning class action litigation at the University of Pittsburgh School of Law, Penn State University School of Law, and University of Pittsburgh Katz School of Business.

Credentials

Admissions

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

Education

  • University of Pennsylvania, BA, with honors
  • University of Pittsburgh School of Law, JD, with honors