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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.

Peter B. Ladig

Partner

Overview

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 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 of limited liability companies and corporations. Pete is the Co-Chair of the Business Divorce Subcommittee of the Business and Corporation Litigation Committee of the Business Law Section of the ABA. In addition to his experience litigating business divorces, Pete also served as counsel to a custodian appointed by the Court of Chancery charged with selling an operating company to resolve a business divorce. Pete has spoken on panels about business divorce and made substantial contributions to Litigating the Business Divorce, a publication from BNA. 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 2011-2017 as one of the leading Chancery Court practitioners in Delaware. Chambers USA 2017 described Pete as a "seasoned commercial litigator, with particular expertise in the growing practice of 'business divorce,' including requests for judicial dissolution of limited liability companies and corporations." 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

  • Representing a financial advisor to a special committee in responding to a subpoena for documents and deposition
  • Representing a stockholder of a large multi-national company in a business divorce proceeding
  • Representing a member of a limited liability company in seeking dissolution of an entity formed to develop a television program and in asserting claims of breach of fiduciary duty
  • Representing a stockholder in a breach of fiduciary duty action asserting claims that, among other things, certain transactions were invalid due to failure to follow corporate formalities
  • Representing a member and former officer of a limited liability company in litigation seeking advancement to defend against claims asserted by limited liability company
  • Representing publicly-traded company in dispute over earn-out provisions of purchase and sale agreement
  • Representing stockholder of company in action seeking dissolution of joint venture formed to own and operate vineyards in Napa Valley
  • Representing directors and officers of publicly-traded company in breach of fiduciary duty action arising out of actions of majority stockholder
  • Represented a global payment servicer in unwinding joint venture with banking partner

Publications

Articles & Publications

News & Events

News & Events

Recognition

Honors

Delaware Today®, Top Lawyers

  • Corporate Law,  2014, 2016, 2017

Best Lawyers®, 2013-2018

Chambers USA, Delaware Court of Chancery, 2008-2009, 2011-2017

Delaware Super Lawyers®, 2013-2017

Litigation Council of America, Fellow

Martindale Hubbell®, AV Rating 

T 302.888.6826
F 302.571.1750

Admissions

Delaware, 1996

United States District Court for the District of Delaware

U.S. Court of Appeals, Third Circuit

Education

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

Yale University, B.A., 1993

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