Terence M. Grugan

Partner
Philadelphia

Terence M. Grugan is a member of the firm's White Collar Defense/Internal Investigations, Securities Enforcement and Corporate Governance Litigation, and Anti-Money Laundering Practice Groups. In his white collar practice, Terence represents individuals and entities who are targets, subjects, or witnesses in criminal, regulatory, or administrative government investigations, including investigations conducted by the Department of Justice, Internal Revenue Service, Securities and Exchange Commission, state attorneys general, local, state, or federal inspectors general, and local law enforcement. He has defended clients from the preliminary stages of an investigation through trial in state and federal courts. Terence has also represented clients in federal habeas proceedings and civil rights actions.

In addition, he has extensive experience conducting internal investigations for large and small entities, including investigations involving allegations of fraudulent business practices, campaign finance improprieties, tax fraud, government contracting fraud, and others.

Experience 

Representative Matters

White Collar Defense/Internal Investigations

  • Represented the former mayor of Harrisburg, Pennsylvania, in a Pennsylvania Office of the Attorney General prosecution involving multiple counts of theft and corruption-related offenses
  • Represented a former judge of the Philadelphia Traffic Court in a prosecution involving multiple counts under the federal mail and wire fraud statutes relating to an alleged ticket fixing scheme. The client was acquitted of all charges following a two-month trial in federal court in Philadelphia.
  • Represented an individual accused of involvement in a scheme to submit false claims to the federal government

Securities Enforcement and Corporate Governance Litigation

  • Represented a large investment firm in a three-week FINRA arbitration involving claims of unsuitable investments and professional negligence
  • Represented a placement agent in a securities fraud suit in California Superior Court
  • Represented a major national corporation in an antitrust class action suit in federal court in the District of New Jersey
  • Represented individual under investigation for insider trading by the Securities Exchange Commission in the Eastern District of Pennsylvania
  • Represented individual under investigation for insider trading by United States Attorney’s Office for the Southern district of New York.

Anti-Money Laundering

  • Represented financial institution in civil litigation arising from account-holders’ fraud schemes
  • Represented buyer conducting BSA due diligence in connection with potential business acquisition
  • Represented potential operator of cryptocurrency exchange examining compliance with BSA and New York State regulations

Professional Highlights

Pro Bono Experience

Terence has performed extensive pro bono work. He is the co-founder of the Ballard Academy for Student Entrepreneurs (BASE), a nationally-recognized student-based accelerator. Terence has also represented clients in landlord-tenant disputes in Pennsylvania state court and before Philadelphia arbitration panels. He also regularly accepts appointments to represent criminal defendants in federal court in the Eastern District of Pennsylvania through the CJA Panel. Finally, he is a member of the board of directors of New Leash on Life USA, a Philadelphia prison dog-training and prisoner re-entry organization.

Judicial Clerkships

Hon. Timothy J. Savage, U.S. District Court for the Eastern District of Pennsylvania

Professional Activities

National Association of Criminal Defense Lawyers

Temple American Inn of Court

Philadelphia Chamber of Commerce Young Professionals Network

Philadelphia Bar Association

Speaking Engagements

Speaker, "Future of BSA: Legislative Proposals, Regulatory Developments, and PPP Lending webinar," Credit Union National Association, November 23, 2020

Speaker, "Trends in Financial Litigation," Pennsylvania Department of Banking and Securities Meeting, Harrisburg, PA, September 18, 2019

Speaker, "Anti-Money Laundering and the Securities Industry," North American Securities Administration Association, September 12, 2018

Board Memberships & Community Service

New Leash on Life USA

Credentials 

Education

Temple University James E. Beasley School of Law (J.D., cum laude, 2009)
Member, Temple Law Review

La Salle University (B.A. 2003)

Admissions

Pennsylvania