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Peter B. Ladig
Director
- Tel: +1 302-429-4219
- Fax: +1 302-658-6395
Biography
Pete also has extensive experience in the growing area of the “business divorce,” particularly requests for judicial dissolution of limited liability companies and corporations. In addition to representing parties to a business divorce, Pete has served as a trustee of a dissolving entity and as counsel to a Chancery Court-appointed custodian charged with selling an operating company to resolve a business divorce. He co-chaired the Business Divorce Subcommittee of the Business and Corporation Litigation Committee of the Business Law Section of the ABA; has spoken on panels about business divorce; and has made substantial contributions to Litigating the Business Divorce, a publication from BNA.
Because of the breadth of Pete’s experience, he has served as a Special Master selected by the Court or at the request of the parties. Most recently, Pete the Court of Chancery appointed Pete to be the Discovery Facilitator in the In re Viacom Inc. Stockholders Litigation and In re CBS Corporation Stockholder Class Action and Derivative Litigation actions, assisting the parties in coordinating discovery between the two actions and mediating discovery disputes. Pete also acts as a mediator for corporate and commercial disputes. In 2022, Pete completed the Mediating Disputes class at the Program on Negotiation at Harvard Law School.
Peter B. Ladig is a director and co-chair of the litigation group at Bayard. Pete is a seasoned litigator with over 25 years of experience litigating corporate and commercial disputes in Delaware courts. Pete has litigated corporate governance matters, commercial disputes, business divorces, breach of fiduciary duty actions, statutory claims under the Delaware General Corporation Law, partnership and limited liability company disputes, and class action and derivative cases.
In addition to Pete’s litigation experience, he has served on the Rules Committee of the Court of Chancery since 2011 and was one of the principal drafters of Rule 5.1, which prescribes procedures related to public access and confidentiality of documents filed with the Chancery Court. Pete also uses his litigation experience to advise special committees of boards of directors in analyzing conflict transactions or investigating alleged wrongdoing, and he has represented several of each type of committee.Pete also has extensive experience in the growing area of the “business divorce,” particularly requests for judicial dissolution of limited liability companies and corporations. In addition to representing parties to a business divorce, Pete has served as a trustee of a dissolving entity and as counsel to a Chancery Court-appointed custodian charged with selling an operating company to resolve a business divorce. He co-chaired the Business Divorce Subcommittee of the Business and Corporation Litigation Committee of the Business Law Section of the ABA; has spoken on panels about business divorce; and has made substantial contributions to Litigating the Business Divorce, a publication from BNA.
Because of the breadth of Pete’s experience, he has served as a Special Master selected by the Court or at the request of the parties. Most recently, Pete the Court of Chancery appointed Pete to be the Discovery Facilitator in the In re Viacom Inc. Stockholders Litigation and In re CBS Corporation Stockholder Class Action and Derivative Litigation actions, assisting the parties in coordinating discovery between the two actions and mediating discovery disputes. Pete also acts as a mediator for corporate and commercial disputes. In 2022, Pete completed the Mediating Disputes class at the Program on Negotiation at Harvard Law School.
Awards & Rankings
- Chambers USA, Business 2008 - 2009, Chancery 2011 - 2024
- Super Lawyers®, Business Litigation, Delaware, 2013 - 2024
- Best Lawyers®, Corporate Law, 2013 - 2025 Editions
- Delaware Today Top Lawyers Edition, Corporate Law, 2014, 2016 - 2019, and 2021
- Benchmark Litigation "Local Litigation Star", 2020
- Martindale-HubbellAV® Peer Review Rated*
*Martindale-Hubbell is the facilitator of a peer review rating process. Ratings reflect the confidential opinions of members of the Bar and the Judiciary. Martindale-Hubbell ratings fall into two categories: legal ability and general ethical standards: CV, BV, and AV are registered certification marks of Reed Elsevier Properties Inc., used in accordance with the Martindale-Hubbell certification procedures, standards, and policies.
Experience
Experience
Representative matters
- Representing seller of business unit in action to compel buyer to complete purchase transaction.
- Defending seller of administrative services company in post-closing claim for breach of contract and fraud.
- Representing seller of business unit in action to recover funds inadvertently transferred to buyer.
- Defended publicly-traded pharmaceutical company in action brought by representative of acquired company claiming right to post-closing earn-out.
- Represented investors in developmental drug company in action seeking dissolution of entity.
- Represented director in successfully obtaining, post-trial, books and records wrongfully withheld from him by the company he founded.
- Represented founder of company in business divorce with business partner.
- Represented directors and shareholders of oil and gas service industry corporation in breach of fiduciary duty action by stockholder challenging defensive measures.*
- Represented international credit card payment processer in litigation arising from separation from joint venture partner.*
- Represented owners of large city newspaper in dissolution dispute with other owners.*
- Represented corporation and directors in litigation arising out of proxy contest challenging interpretation of bylaws.*
- Represented former directors and officers of multi-entity organization in request for advancement and indemnification of fees and expenses incurred in defending action brought by owner of organization.
special master/discovery facilitator engagements
- In re Altor BioScience Corporation, Consolidated C.A. No. 2017-0466-JRS– Appraisal and breach of fiduciary duty action brought by former stockholders of Altor BioScience Corporation. Appointed to resolve pending motion to compel and any other discovery disputes.
- VH5 Capital, LLC v. Jeremiah Rabe, C.A. No. 2020-0315-JRS– Action for breach of operating agreement by transferring assets of limited liability company. Appointed Special Master to resolve motion to compel and any other discovery disputes.
- In re Viacom Inc. Stockholders Litigation, Consol. C.A. No. 2019-0948-JRS, In re CBS Corporation Stockholder Class Action Derivative Litigation, Consol. C.A. No. 2020-0111-JRS– Litigation brought by stockholders of Viacom and CBS arising out of combination of Viacom and CBS. Appointed Discovery Facilitator to mediate discovery disputes and guide parties through discovery process to avoid need for motion practice.
- Ramcell, Inc. v. Alltel Corporation, C.A. No. 2019-0601-PAF– Appraisal action arising out of acquisition Jackson Cellular Telephone Co. with and into Alltel Corporation. Appointed Special Master to resolve motion to compel.
- Shao v. Zhang, C.A. No. 2021-0376-JRS– Action brought to determine control of general partner of TEEC Angel Fund III, LP. Appointed Special Master to resolve motion to strike certain affirmative defenses, motion for entry of confidentiality order and motion for leave to amend prayer for relief.
- In re Straight Path Communications Inc. Consolidated Stockholder Litigation, C.A. No. 2017-0486-SG– Action involves claims arising out of sale of Straight Path Communications to Verizon, and alleged breaches of fiduciary duty by controlling stockholder of Straight Path. Appointed Special Master at the request of the parties to resolve various discovery motions.
- Cumming v. Edens, C.A. No. 13007-VCS– Derivative action brought by shareholder on behalf of New Senior Investment Group, Inc. alleging breach of fiduciary duties in connection with approval of a transaction in which New Senior acquired assets from an entity controlled by Fortress Investment Group, LLC. Appointed to formulate discovery plan, resolve all outstanding discovery motions and any future discovery motions. Mandate expanded to resolve reasonableness of fees awarded by Court in previous discovery motion.
- In re Xura, Inc. Stockholder Litigation, C.A. No. 12698-VCS– Appraisal and breach of fiduciary duty action brought by shareholders of Xura, Inc. arising out of acquisition of Xura by affiliate of Siris Capital Group LLC. Appointed Special Master initially to address all outstanding discovery issues before trial or develop discovery plan to address as soon as possible any discovery issues at an additional day of trial and address pending discovery disputes. Issues several reports on, among other things, spoliation discovery, recovery of lost data, and fee shifting requests.
mediator
- Chosen by parties to mediate a dispute between an executive search firm and two former partners alleged to have misappropriated intellectual property
- Chosen by the parties to mediate a dispute between owners of a family-owned business.
*Litigated by Bayard attorneys while at other firms.
News & Insights
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Judicial Dissolution: Are the Courts of the State that Brought You In the Only Courts that Can Take You Out?
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Additional Speaking & Writing
Recent Speaking Engagements:
- Panelist, ABA Business Law Section Business Law Basics CLE, 50 Ways to Leave Your Business Partner: Business Divorce 101, Webinar, April 2020
- Panelist, ABA Business Law Section Spring Meeting, Recent Developments in Business & Corporate Litigation: Annual Review Panel, Vancouver, BC, March 2019
- Moderator, ABA Business Law Section Annual Meeting, Business Divorce in Delaware, Austin, TX, September 2018
News
Bayard Attorneys Recognized by Best Lawyers® with Lawyers of the Year, Best Lawyers and Ones to Watch
Chambers USA 2024 Guide Recognizes Bayard and Its Attorneys
Bayard Attorneys Named to 2024 Delaware Super Lawyers List
Bayard Ranked by Best Law Firms® in 2024
Bayard Lawyers Recognized as Best Lawyers® Award Recipients
Bayard Ranked Among Leading Firms in Delaware in Chambers USA 2023
Bayard Attorneys Named to 2023 Super Lawyers List
Eight Bayard Lawyers Named to 2023 Best Lawyers® List
Bayard Director Peter Ladig Attends Harvard Law School Executive Education “Mediating Disputes” Course
Chambers Recognizes Bayard and Nine of its Attorneys in the 2022 Guide
11 Bayard Attorneys Recognized by Super Lawyers®
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