Overview

Clients rely on Terry Loscalzo to keep complex, high-stakes litigation on track and aligned with their business goals. Drawing on decades of experience and former managing partner leadership, Terry is known for her steady judgment and ability to guide litigation teams through matters with many moving pieces, including those headed for appeal.

Terry Loscalzo focuses her practice on the strategic development and management of large, complex litigation, including merger and acquisition disputes, financial services and securities litigation, antitrust matters, and First Amendment cases. She is frequently relied on in matters where the stakes are significant and success depends on disciplined execution over time. Terry previously served as managing partner of a national law firm, experience that informs her practical approach to case leadership, team coordination and strategic decision-making. She brings extensive skill in managing complex litigation from both a legal and operational perspective.

In complex disputes, Terry is often called upon to help shape litigation strategy early, identify key decision points and maintain structure as cases evolve. She supports trial teams in assessing risk, developing arguments and managing demanding timelines across multiple jurisdictions. Colleagues value her ability to bring clarity and momentum to matters that involve extensive teams, significant exposure and complicated procedural paths. Her approach emphasizes practical problem-solving and careful attention to detail.

Terry is especially valued for her ability to operate at the center of complex litigation, where trial strategy and appellate positioning must work together from the outset. She has significant experience crafting arguments with an eye toward appeal, including matters that have reached the U.S. Supreme Court. Within teams, she is frequently relied on as a steady resource for associates and partners, providing careful review, strategic guidance and support that strengthens both case execution and long-term outcomes. Terry also maintains a longstanding commitment to pro bono First Amendment advocacy, including work in cases that have shaped student free speech rights nationwide.

Representative Experience

  • Counsel for an insurer in multiple Covid-19-related business interruption actions filed in the Eastern and Middle Districts of Pennsylvania and in Luzerne and Philadelphia County Courts of Common Pleas.
  • Counsel for a private mortgage insurer in putative class actions filed nationwide alleging that mortgage lenders and private mortgage insurers entered into captive reinsurance agreements in violation of RESPA.
  • Counsel for a broker employee in Harmelin v. Man Financial Inc. et al., a case filed in the Eastern District of Pennsylvania alleging financial fraud in connection with a hedge fund.
  • Pennsylvania counsel to Toby Rice and the Rice Team in connection with a successful proxy contest and related litigation against EQT Corporation.
  • Counsel to IBM and its subsidiary Jasmine Acquisition Corp. in Trading Strategies Fund v. Karsan et al., a putative class action seeking to enjoin a $1.3 billion merger between IBM and Kenexa Corporation and asserting claims regarding merger price and process.
  • Pennsylvania counsel for acquired company Jones Group in New York state court derivative litigation.
  • Represented several of the nation’s largest chain drug stores in multiple suits alleging antitrust claims under the Robinson-Patman and Sherman Acts.
  • On behalf of a high school student disciplined for off-campus speech, obtained injunctive relief in the Middle District of Pennsylvania and the Third Circuit, and served as co-counsel with the ACLU as the U.S. Supreme Court affirmed in Mahanoy Area School District v. B.L., one of the most significant student free speech cases in decades.
  • Counsel in Northeastern Pennsylvania Freethought Society v. County of Lackawanna Transit System, asserting that a public transit system’s refusal to allow advertising violated the First Amendment in federal district court and on appeal to the Third Circuit.
  • Amicus brief on behalf of the ACLU in Robbins v. Lower Merion School District, involving claims that school-issued laptops were used to record students without their knowledge.

Professional & Community Activities

  • The Forum Foundation, Chairman (2018-2020); Board of Directors (2016-2023)
  • The Forum of Executive Women, Board of Directors (2014-2018; 2020-2022); Chair of Membership Committee (2014-2016); Chair of Sponsorship Committee (2016-2018); Chair of Program Committee (2020-2022)
  • Philadelphia VIP, Board of Directors (2014-2016)
  • 1812 Productions, Philadelphia’s All Comedy Theatre Company, Board of Directors (2015-present)
  • Walnut Street Theatre, Trustee (1998-2013), Executive Committee (1999-2013), Chair of Annual Holiday Auction (2001, 2002); Alumni Trustee (since 2013)
  • Domestic Abuse Project of Media, Volunteer (2006-2010)
  • American Heart Association Go Red for Women Executive Leadership Team (2016-2019)

Professional Recognition

  • Fellow, Litigation Counsel of America, 2024
  • Listed in The Best Lawyers in America® for Litigation – Mergers and Acquisitions, 2019-2021; and Commercial Litigation, 2021-Present
  • Recipient of “Women of Distinction Award” from the Philadelphia Business Journal, 2018
  • Recipient, Pennsylvania Diversity Council’s 2015 Most Powerful and Influential Woman Award
  • Recognized as a “Future Star” for Pennsylvania in Benchmark Litigation, 2013-2023
  • Rated AV® Preeminent by Martindale-Hubbell®
  • Named among Pennsylvania Super Lawyers for business litigation, 2005-2007, 2009-2010, 2018-2025
  • Finalist, SmartCEO Center of Influence Award, 2016

Speeches & Presentations

  • Endorsements and NIL: Challenges Now Facing Universities, Athletes and Businesses February 24, 2022
  • Mahanoy Area School District v. B.I.: Student Speech Beyond the Schoolhouse, September 20, 2021

Representative Experience

  • Counsel for an insurer in multiple Covid-19-related business interruption actions filed in the Eastern and Middle Districts of Pennsylvania and in Luzerne and Philadelphia County Courts of Common Pleas.
  • Counsel for a private mortgage insurer in putative class actions filed nationwide alleging that mortgage lenders and private mortgage insurers entered into captive reinsurance agreements in violation of RESPA.
  • Counsel for a broker employee in Harmelin v. Man Financial Inc. et al., a case filed in the Eastern District of Pennsylvania alleging financial fraud in connection with a hedge fund.
  • Pennsylvania counsel to Toby Rice and the Rice Team in connection with a successful proxy contest and related litigation against EQT Corporation.
  • Counsel to IBM and its subsidiary Jasmine Acquisition Corp. in Trading Strategies Fund v. Karsan et al., a putative class action seeking to enjoin a $1.3 billion merger between IBM and Kenexa Corporation and asserting claims regarding merger price and process.
  • Pennsylvania counsel for acquired company Jones Group in New York state court derivative litigation.
  • Represented several of the nation’s largest chain drug stores in multiple suits alleging antitrust claims under the Robinson-Patman and Sherman Acts.
  • On behalf of a high school student disciplined for off-campus speech, obtained injunctive relief in the Middle District of Pennsylvania and the Third Circuit, and served as co-counsel with the ACLU as the U.S. Supreme Court affirmed in Mahanoy Area School District v. B.L., one of the most significant student free speech cases in decades.
  • Counsel in Northeastern Pennsylvania Freethought Society v. County of Lackawanna Transit System, asserting that a public transit system’s refusal to allow advertising violated the First Amendment in federal district court and on appeal to the Third Circuit.
  • Amicus brief on behalf of the ACLU in Robbins v. Lower Merion School District, involving claims that school-issued laptops were used to record students without their knowledge.