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Peter B. Ladig

Partner T: 302.888.6826 F: 302.571.1750
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Overview
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Peter B. Ladig is the Vice Chair of the Corporate and Commercial Litigation Group at Morris James.

Pete concentrates his practice in the areas of corporate governance and commercial litigation, stockholder litigation, fiduciary duties, partnership and limited liability company disputes, and class action and derivative litigation. Pete represents both stockholders and directors in corporate litigation in the Court of Chancery in a wide range of matters, including advancement of legal fees and expenses, reviews of elections of directors, requests to inspect books and records, and claims for breaches of fiduciary duties. He also represents corporations and other entities in commercial disputes involving breach of contract claims and claims arising under the General Corporation Law of the State of Delaware. Pete has served on the Rules Committee of the Court of Chancery since 2011 and served as one of the principal drafters of Rule 5.1.

Pete also has extensive experience in the growing area of the “business divorce,” particularly requests for judicial dissolution to dissolve limited liability companies and corporations. Pete is active in the Business Divorce Subcommittee of the Business and Corporation Litigation Committee of the Business Law Section of the ABA, and spoke on one of the best attended panels at the Business Law Section’s 2015 Spring Meeting titled “50 Ways to Leave Your Lover, err...Business Partner: The Essentials of Business Divorce in Privately Held Entities.”  Pete co-authored an article published in the Fall 2015 volume of The Business Lawyer titled, “Judicial Dissolution: Are the Courts of the State that Brought You In the Only Courts that Can Take You Out?”  Pete also co-hosts CorpCast, the firm’s podcast discussing corporate and commercial law in Delaware.

Pete also uses his litigation experience to advise special committees of boards of directors in analyzing conflict transactions or investigating alleged wrongdoing. Pete and Morris James have represented several of each type of committee.

Pete has been recognized by Chambers USA - America's Leading Lawyers for Business in the years 2008-2009 and 2011-2015 as one of the leading Chancery Court practitioners in Delaware. Chambers USA 2015 described Pete as “a seasoned corporate and commercial practitioner who remains a top choice for class and derivative actions and claims requesting the advancement of legal fees and expenses.”  Chambers USA 2013 reported, Pete's "legal analysis is excellent, his knowledge of Delaware law is brilliant," and he is also a "very personable guy." He is "just about everything that you would want with a co-counsel," say interviewees.  In Chambers USA 2012, Pete was described as someone who "knows the courts, has a good sense of the law and has a good sense of strategy - I feel I can rely on him for everything related to a Delaware lawsuit." Pete has also been recognized by Delaware Super Lawyers® in 2013-2015 for Business Litigation and by Best Lawyers® in 2013 and 2014.  




   
 





Experience

  • Special Committees 
  • Corporate control disputes
  • Breach of fiduciary duty claims
  • Actions seeking advancement and indemnification
  • Shareholder rights disputes
  • Breach of contract claims
  • Actions brought by directors, officers, stockholders and creditors
  • Judicial dissolution of limited liability companies and corporations

Professional Affiliations

Delaware State Bar Association
American Bar Association
Richard S. Rodney American Inn of Court
Court of Chancery Rules Committee

Recent Matters

In re Sanchez Energy Derivative Litigation
Represented alleged aider and abettor of breach of fiduciary duty

Comerica Bank v. Global Payments Direct, Inc.
Representing member of a limited liability company in action seeking dissolution of limited liability company

In re Colfax Corporation Stockholder Derivative Litigation
Representing investor in company and director appointed by the investor in claims arising out of payment to investor in exchange for voluntary conversion of preferred stock into common stock

In re Interstate General Media Holdings, Inc.
Represented member of a LLC seeking dissolution of the LLC and successfully obtained order requiring open-outcry auction only among members of LLC.

The EB Trust, et al. v. Information Management Services, Inc.
Representing stockholders, directors and officers in action seeking dissolution of a Delaware corporation.

Trident USA Health Services, LLC v. Dr. Jason Liu
Representing seller of business against indemnification claims arising out of alleged breaches of purchase and sale agreement.

In re Bermor, Inc., et al.
Representing stockholder in dissolution proceeding brought pursuant to 8 Del. C. § 273.

The North River Insurance Company
Representing The North River Insurance Company in coverage litigation pending in the Superior Court as well as an action in the Court of Chancery seeking an anti-suit injunction against the plaintiff in the Superior Court action

Special Litigation Committee of International Textile Group, Inc.
Represented Special Litigation Committee charged with investigating potential claims of wrongdoing arising out of company’s acquisition of an affiliate of the controlling stockholder

In re McMoRan Exploration Co. Stockholders Litigation
Represented certain directors of McMoRan Exploration Co. in expedited litigation seeking injunction to halt acquisition of McMoRan by Freeport Copper & Gold, Inc.

Special Committee of Directors of International Textile Group, Inc.
Represented Special Committee of publicly traded company on debt-for-equity swap proposed by controlling creditor and stockholder of company

Starr Investments Cayman II, Inc. v. China Media Express Holdings, Inc., et al.
Representing two former directors of China Media Express Holdings, Inc. in matter pending in United States District Court for the District of Delaware alleging securities violations by officers and directors of company

In re China Integrated Energy,. Inc. Stockholder Litigation
Representing certain of the directors of China Integrated Energy, Inc. in putative derivative action pending in the Court of Chancery arising out of internet reports that company had misstated its financial condition

City of Tamarac Firefighter Pension Trust Fund, et al. v. Carl C. Icahn, et al.
Represent independent directors of CVR Energy, Inc. in Court of Chancery against claims relating to purchases of company stock by affiliates of Carl Icahn

News & Media Mentions

Articles & Publications

Chambers USA reported, Pete's "legal analysis is excellent, his knowledge of Delaware law is brilliant," and he is also a "very personable guy."  He is "just about everything that you would want with a co-counsel," say interviewees.

Practice areas

Honors

Delaware Today® "Top Lawyers," 2014

Best Lawyers®, 2013-2017

Chambers USA, Recognized for work in the Delaware Court of Chancery, 2008-2009, 2011-2016

Delaware Super Lawyers®, 2013-2016

Litigation Council of America, Fellow

Martindale Hubbell, AV Rating 

Admissions

Delaware, 1996

United States District Court for the District of Delaware

U.S. Court of Appeals for the Third Circuit

Education

Emory University School of Law, J.D., With Distinction, 1996

Yale University, B.A., 1993