Terry serves as co-chair of the firm’s Litigation Department. He maintains a national practice representing parties in cases involving commercial fraud, including shareholder derivative and shareholder class actions, merger and acquisition litigation, regulatory proceedings, investor broker and law firm disputes, minority shareholder disputes, and securities arbitrations.
Terry regularly represents parties in regulatory proceedings involving S.E.C., F.I.N.R.A., and state regulatory entities. He has represented parties in more than 100 completed jury and court trials, arbitrations, and regulatory proceedings around the country. Most recently, on April 25, 2012, he obtained a jury verdict for the defense after a 9 day jury trial in Hennepin County in a case where the plaintiff, a buyer of bank debt was suing the seller, claiming fraud and misrepresentation and seeking damages of $2.5 million. In addition to his work representing parties, he also has worked as an arbitrator, mediator, expert witness, and as Special Litigation Committee.
He also has extensive experience representing receivers, trustees, creditors and victims in the context of Ponzi schemes. On April 30, 2012, the Court ruled in his clients’ favor in Polaroid Corp. v. Ritchie Capital Management, 2012 WL 1512235 (Bkrtcy. D. Minn. 2012), a seminal decision in the Petters bankruptcy proceedings.
In 2005, he was inducted as a fellow into the American College of Trial Lawyers. He has consistently been listed in Best Lawyers in America, Minnesota Super Lawyers, and Chambers USA’s America's Leading Lawyers for Business.
Terry is a frequent lecturer on topics relating to securities fraud, ethics, clawback claims, and other issues, and has written numerous related articles. At the University of St. Thomas, he taught the “Introduction to Law” course for 15 years and the “Christian Faith and the Legal Profession” course for three years. He has taught “Catholic Social Thought” at the University of St. Thomas Law School, “Securities Regulation” at Hamline Law School and for the last 10 years has taught, as an adjunct professor, “Professional Responsibility” at William Mitchell Law School.
Since 2010, he has served as a member of the Board of Directors of the Minneapolis Legal Rights Center, Inc. In January 2013, he was appointed President of the Board of Directors.