Terence G. Banich
divider
Member
divider

Terence G. Banich
312.980.3859
tbanich@shawgussis.com

A seasoned trial attorney with broad experience in commercial and bankruptcy-related litigation, Terence Banich has established a track record for building client loyalty by delivering cost-effective, business-driven solutions to existing and potential disputes through negotiation, mediation and litigation brought in state and federal courts. Terry has represented pharmaceutical, energy, chemical and food-manufacturing companies, banks, sports federations, defense contractors and individual executives, in complex business litigation, including multi-jurisdiction class actions, judgment enforcement, qui tam claims, interpleader and racketeering. In bankruptcy court, he has represented debtors, creditors, trustees and other interested parties in various types of adversary proceedings and contested matters arising out of chapter 7 and 11 cases. He also frequently represents court-appointed independent fiduciaries and equity receivers. A substantial part of Terry’s practice is outside of the courtroom. He is often called on to counsel clients – from large multinational corporations to a single-asset limited liability company – to resolve business disputes short of litigation by, for example, negotiating with counterparties and redrafting critical agreements. Terry also teaches advanced civil procedure as an adjunct professor at Loyola University Chicago. His experience includes:

  • Defended former senior officers of bankrupt pharmaceutical company in a putative class action adversary proceeding brought by certain of the debtor’s equity holders seeking to equitably subordinate the officers’ claims. Secured order dismissing the plaintiffs’ equitable subordination claim with prejudice.

  • Managed litigation that obtained favorable judgment protecting priority of bank’s mortgage lien in and to assets of insolvent Florida condominium developer against competing construction liens, mortgage liens and purported equitable liens.

  • Obtained reversal of preliminary injunction against private cable operator in ownership and service dispute with incumbent franchisee. Illinois Appellate Court reversed injunction on the day following oral argument.

    • B.A. (Honors Program), magna cum laude, University of San Diego, 1996; J.D., cum laude, Loyola University Chicago, 1999.