Amy D. Roy

Partner

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  • JD, cum laude, Duke University School of Law, 2007; Co-Chair Duke Law Moot Court Board; Articles Editor, Law and Contemporary Problems
  • BA (Economics and Psychology), summa cum laude, Wheaton College, 2003; Phi Beta Kappa

Qualifications

  • Massachusetts, 2007
  • Maine, 2011

Court Admissions

  • U.S. District Court for the Central District of Illinois, 2016
  • U.S. Court of Appeals for the Second Circuit, 2018
  • U.S. Court of Appeals for the Seventh Circuit, 2015
  • U.S. Court of Appeals for the Ninth Circuit, 2015
  • U.S. District Court for the District of Massachusetts, 2010
  • The National Law Journal, Trailblazer (2019)
  • Law360 Rising Star (2017)
  • Massachusetts Super Lawyers Rising Star (2013-2016)

Amy D. Roy

Partner

Amy Roy is a partner in the securities litigation group of Ropes & Gray, where she has practiced since 2007. Amy represents financial services firms, including investment advisers and mutual funds, and other clients in securities litigation and other complex business disputes in courts around the country. Amy focuses her practice on the investment management industry and has experience in litigating many of the leading issues facing the mutual fund industry, including excessive fee claims and subprime-related losses. In addition to active litigation matters, she regularly advises clients in federal and state government investigations.

Experience

  • Fund Advisers. Counsel in defending multiple fund advisers against claims of excessive fees under the Investment Company Act of 1940 (PIMCO, Metropolitan West Asset Management, Harris Associates, State Farm, T. Rowe Price).
  • Sequoia Fund. Won dismissal of derivative claims against all defendants asserted in connection with Fund’s allegedly over-concentrated investments in Valeant Pharmaceuticals.
  • Third Avenue Funds. Defending the independent trustees and funds against securities class actions and derivative claims in multiple courts in connection with the closure of the Third Avenue Focused Credit Fund in 2015. 
  • State Street Bank & Trust Co. Counsel for State Street in SEC enforcement matter arising from investments in subprime-related securities by unregistered collective trust funds and disclosures in connection with those investments. Also, defended State Street at a bench trial in connection with ERISA and securities litigation arising from subprime mortgage exposure in State Street’s bond funds.
  • Ameriprise Financial, Inc. Counsel for Ameriprise in multi-court securities litigation against The Reserve Primary Fund for losses suffered after The Reserve Trust’s money market account “broke the buck” in 2008.
  • Cornwell Entertainment, Inc. Trial counsel to author Patricia Cornwell in seven-week federal jury trial against former business management firm and individual business manager for breach of fiduciary duty, breach of contract, and negligence resulting in a complete victory and a multi-million dollar verdict. Participated in all aspects of the case from complaint drafting to verdict, including: written and testimonial discovery, fact investigation and development, engagement of expert witnesses, dispositive briefing, witness examination at trial, and post-trial briefings.
  • OvaScience. Obtained dismissal of purported shareholder class action alleging violations of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5.
  • Chiasma.  Counsel for Chiasma in purported shareholder class action alleging violations of Sections 11 and 15 of the Securities Act of 1933.
  • Genzyme. Successfully represented Genzyme in a securities fraud litigation arising out of a shareholder lawsuit alleging failure to disclose merger negotiations. Secured dismissal of shareholder’s litigation, affirmed by the Second Circuit, setting the standard for disclosure about preliminary merger negotiations.
  • HIG Capital LLC and Karp Reilly, LLC. Successfully represented private equity purchasers of Hooters restaurant chain in breach of representations and warranties action against former owners in the Delaware Court of Chancery.
  • Mayfield, Sequoia Capital, Equinox Partners, TCV, among others. Regularly represent private equity, venture capital, and investment management clients in SEC examinations and compliance matters.

Publications

Presentations

  • Panelist, “Board Meeting Mechanics: Practical Issues for Directors,” Independent Directors Council Webinar (October 3, 2018)
  • JD, cum laude, Duke University School of Law, 2007; Co-Chair Duke Law Moot Court Board; Articles Editor, Law and Contemporary Problems
  • BA (Economics and Psychology), summa cum laude, Wheaton College, 2003; Phi Beta Kappa
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