Peter B. Ladig is a director at Bayard and co-chair of the litigation group. He concentrates his practice in the areas of corporate governance and commercial litigation, business divorce, 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 Delaware 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. He has served on the Rules Committee of the Court of Chancery since 2011 and as 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 experience serving as counsel to a Chancery Court appointed custodian charged with selling an operating company to resolve a business divorce. He co-chairs 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.
Pete also serves as a third-party neutral at the request of the Court or the parties. Pete has been appointed by the Court or selected by the parties to be a Special Discovery Master. The Court of Chancery also appointed Pete as a Discovery Facilitator in the In re Viacom Inc. Stockholders Litigation and In re CBS Corporation Stockholder Class Action and Derivative Litigation to assist in coordinating discovery between the two actions arising out of the combination of Viacom and CBS and mediating discovery disputes. Pete also acts as a mediator for corporate and commercial disputes.
Pete has been recognized by Chambers USA – America’s Leading Lawyers for Business in the years 2008-2009 and 2011-2021 as one of the leading Chancery Court practitioners in Delaware. Pete has also been recognized by Delaware Super Lawyers® in 2013-2022 for Business Litigation and by Best Lawyers® since 2013. Additionally, Pete was included in Delaware Today magazine’s 2014, 2016-2019, and 2021 Top Lawyers list for corporate law. Benchmark Litigation identified Pete as a Local Litigation Star in its 2020 publication. He is AV® Peer Review Rated by Martindale-Hubbell.*
*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.