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Legal
Administrative
Assistant

Laura D. Wilhelm

612-349-6969

email

Peter J. McElligott

Attorney, Shareholder

Peter McElligott

Pete McElligott’s competitive spirit drives him to take on big challenges.

 

From individuals to small businesses to large corporations, Pete collaborates with his clients as a team to develop an efficient, effective, legal strategy tailored to meet his clients’ goals.  He stands ready to tackle his clients’ problems at any stage in any capacity. Clients rely on Pete for his common-sense approach. They trust him in critical moments from serving as first or second chair in a jury trial or arbitration, to cross-examining difficult witnesses, leading settlement negotiations, taking or defending depositions, and briefing or arguing motions. His experience includes shareholder and partnership disputes, securities litigation, contract disputes, non-compete and trade secret claims, and many other business torts.

 

Before law school, Pete taught elementary school in Baltimore City Public Schools while a Corps Member with Teach For America. While overcoming challenges to close the achievement gap, Pete honed his ability to act decisively and to deliver strong, concise messages to a targeted audience. He utilizes those skills in his legal practice in communicating with clients, courts, and opposing counsel.

 

RESULTS
CREDENTIALS
RECOGNITION
PUBLICATIONS
SPEAKING

Anthony Ostlund represented a financial institution in a complicated multi-year, multi-million-dollar lending dispute.  Following our team’s successful motion to dismiss the defendant’s counterclaims, Pete deposed the defendant and within a few hours he gave-in.  By the end of the day, the defendant admitted liability and signed a judgment for the full loan amount--plus interest, attorney’s fees, and costs—exceeding $3.6 million. A great outcome for our client.

 

Pete first chaired a FINRA arbitration located in Boston, Massachusetts and obtained a complete defense award on behalf of an independent broker-dealer.

The claimant asserted multiple claims of fraud, violations of state and federal securities laws, breach of contract and lack of supervision, related to investments in bonds.  After the arbitration hearing, the FINRA panel denied the claims in their entirety.

 

During a four-day trial, Pete successfully enforced an oral promise amongst two business people to split the profits of a storm restoration business.

After winning a jury verdict that awarded full damages and ultimately led to a judgment in excess of $1 million, Anthony Ostlund successfully defeated the defendants’ attempt to overturn the verdict on appeal.

 

As lead lawyer, Pete represented an equipment financing company with a $1 million breach of contract claim against a major hospital system. 

With Pete serving as the lead negotiator, the client was able to obtain a significant settlement payment to resolve the lawsuit.

 

Pete represented an assignee for the benefit of creditors of a commercial office building. 

Just days after being retained, the client obtained an ex parte temporary restraining order against the defendants.  Later, the court granted the client’s affirmative motion for summary judgment finding the defendants liable for breach contract, civil theft, unjust enrichment, and fraud.  Before a trial on damages, defendants stipulated to entry of judgment against them in the amount of $1.450 million.

 

After a client started his own business and was sued by his former employer for misappropriation of trade secrets, Pete helped guide the client through the litigation and turned up the pressure by asserting claims against the former employer (including a claim for punitive damages).  When the Court granted his client a favorable summary judgment ruling, the parties agreed to walk away just days before trial allowing the client to focus on his new business.

 

Pete successfully briefed, argued, and obtained an ex parte temporary restraining order on behalf of a group of real estate investors to prevent misappropriation of corporate assets, breach of fiduciary duties, and dilution of the investors’ membership interests.

 

As part of a team of Anthony Ostlund attorneys, Pete successfully defended a Fortune 20 company in a lawsuit against a private equity firm claiming losses over $30 million. A federal court in Minnesota granted the client’s motion to dismiss the lawsuit with prejudice.

 

Pete successfully defended a claim by an individual investor against an independent broker-dealer alleging in excess of $1 million in damages. The investor alleged that several real estate related investments, which later failed, were misrepresented to him and were unsuitable. After a three-day hearing before a FINRA arbitration panel, the claims were denied in their entirety.

 

Education

J.D., University of Minnesota Law School

Residential Teaching Certificate, Johns Hopkins University

B.A., University of Illinois at Urbana-Champaign

 

Admissions

State of Minnesota

U.S. District of Minnesota

 

Professional Affiliations

  • Member, Hennepin County Bar Association
  • Member, Minnesota State Bar Association
  • Member, Federal Bar Association

 

Community Involvement

Graduation Coach, Achieve MPLS

Awards & Honors

  • Selected to the “Minnesota Rising Stars” list by Super Lawyers, 2020–2022
  • North Star Lawyer, 2016–2021

Publications

  • Lying, Cheating, & Stealing: A Tale As Old As Time, Minnesota Lawyer & Finance & Commerce – Partner Content, November 2022
  • Assignment for the Benefit of Creditors: An Award-Winning Strategy, Minnesota Lawyer & Finance & Commerce – Partner Content, November 2021
  • Contributer to Chapter on Fiduciary Duty Litigation, Business and Commercial Litigation in Federal Courts, (Thomson Reuters 4th ed. 2016)
  • The Minnesota Uniform Declaratory Judgments Act: The Litigator's Underutilized Yet Versatile Tool, Minnesota Lawyer and Finance & Commerce - Partner Content, November 2020
  • Minnesota Lawyer and Finance & Commerce 10/5/2020 – Peter McElligott was featured in article “Anthony Ostlund has a passion for pro bono work.”
  • The Ten Commandments of Cross-Examination in FINRA Hearings, Minnesota Lawyer and Finance & Commerce - Partner Content, November 2019
  • What Gets Decided First: Motion to Compel Arbitration or Motion to Dismiss?, Minnesota Lawyer Partner Content, December 2018
  • The Short Life of the Fiduciary Duty Rule, Attorney At Law Magazine, Minnesota Edition, May 2018
  • Informing the Court of Settlement Does Not Always Mean the Case is Settled, Attorney At Law Magazine, Minnesota Edition, June 2017
  • Bar Talk: Pro Bono Spotlight, Minnesota Chapter of the Federal Bar Association, December 2015
  • The Supreme Court Tips Its Hat to Employers – or Does It? Vicarious Liability After Vance v. Ball State University,Attorney At Law Magazine, Minnesota Edition, August 2013

 

Speaking

  • Show Me the Money: Lying Financial Advisors and Broker-Dealers, Lying, Cheating & Stealing Seminar 2022, October 2022
  • 9 Key Strategies for Litigating Shareholder Disputes, Minnesota CLE, January 2021
  • Litigating and Managing Fiduciary Duty Disputes: 5 Key Lessons, Minnesota CLE, December 2017

 

Previous Cory D. Olson Next Vincent D. Louwagie
Peter McElligott

CONTACT

[email protected]
612-492-8233

DOWNLOAD V-CARD

PrintLinkedIn
Linkedin
612-492-8233
email
vcard
pdf

Legal
Administrative
Assistant

Laura D. Wilhelm

612-349-6969

email

Linkedin
612-492-8233
email
vcard
pdf

Legal
Administrative
Assistant

Laura D. Wilhelm

612-349-6969

email

Peter J. McElligott

Attorney, Shareholder

RESULTS
CREDENTIALS
RECOGNITION
PUBLICATIONS
SPEAKING
Loading...

Ryan Lawrence and Pete McElligott Elected as Firm Shareholders

Anthony Ostlund is pleased to announce that attorneys Ryan Lawrence and Pete McElligott have been elected as Shareholders of the firm, effective January 1,

AO Teams Recognized with Two Attorney of the Year Awards

Anthony Ostlund’s reputation for success in complex cases and commitment to our clients and our community is no better exemplified than by the work

Lying, Cheating, & Stealing: A Tale As Old As Time

Minnesota Lawyer and Finance & Commerce – Partner Content Author: Peter J. McElligott   Do you know what never goes out of style? Lying, Cheating,

Lying, Cheating & Stealing Seminar 2022 is Open for Registration!

Lying, Cheating, and Stealing Seminar 2022: Secrets and Solutions for Handling Messy Business Disputes is open for registration. This one-day in-person seminar brings together

Settlement Reached in Disability Rights Class Action Lawsuit

On Wednesday, July 27, 2022, Senior United States District Judge Donovan Frank of the District of Minnesota granted preliminary approval to a settlement agreement

2022 Super Lawyers and Rising Stars

Anthony Ostlund is proud to announce that 75% of our attorneys were selected to the 2022 Minnesota Super Lawyers and Rising Stars List.  

Education

J.D., University of Minnesota Law School

Residential Teaching Certificate, Johns Hopkins University

B.A., University of Illinois at Urbana-Champaign

 

Admissions

State of Minnesota

U.S. District of Minnesota

 

Professional Affiliations

  • Member, Hennepin County Bar Association
  • Member, Minnesota State Bar Association
  • Member, Federal Bar Association

 

Community Involvement

Graduation Coach, Achieve MPLS

Awards & Honors

  • Selected to the “Minnesota Rising Stars” list by Super Lawyers, 2020–2022
  • North Star Lawyer, 2016–2021

Publications

  • Lying, Cheating, & Stealing: A Tale As Old As Time, Minnesota Lawyer & Finance & Commerce – Partner Content, November 2022
  • Assignment for the Benefit of Creditors: An Award-Winning Strategy, Minnesota Lawyer & Finance & Commerce – Partner Content, November 2021
  • Contributer to Chapter on Fiduciary Duty Litigation, Business and Commercial Litigation in Federal Courts, (Thomson Reuters 4th ed. 2016)
  • The Minnesota Uniform Declaratory Judgments Act: The Litigator's Underutilized Yet Versatile Tool, Minnesota Lawyer and Finance & Commerce - Partner Content, November 2020
  • Minnesota Lawyer and Finance & Commerce 10/5/2020 – Peter McElligott was featured in article “Anthony Ostlund has a passion for pro bono work.”
  • The Ten Commandments of Cross-Examination in FINRA Hearings, Minnesota Lawyer and Finance & Commerce - Partner Content, November 2019
  • What Gets Decided First: Motion to Compel Arbitration or Motion to Dismiss?, Minnesota Lawyer Partner Content, December 2018
  • The Short Life of the Fiduciary Duty Rule, Attorney At Law Magazine, Minnesota Edition, May 2018
  • Informing the Court of Settlement Does Not Always Mean the Case is Settled, Attorney At Law Magazine, Minnesota Edition, June 2017
  • Bar Talk: Pro Bono Spotlight, Minnesota Chapter of the Federal Bar Association, December 2015
  • The Supreme Court Tips Its Hat to Employers – or Does It? Vicarious Liability After Vance v. Ball State University,Attorney At Law Magazine, Minnesota Edition, August 2013

 

Speaking

  • Show Me the Money: Lying Financial Advisors and Broker-Dealers, Lying, Cheating & Stealing Seminar 2022, October 2022
  • 9 Key Strategies for Litigating Shareholder Disputes, Minnesota CLE, January 2021
  • Litigating and Managing Fiduciary Duty Disputes: 5 Key Lessons, Minnesota CLE, December 2017

 

Previous Cory D. Olson Next Vincent D. Louwagie
Peter McElligott

CONTACT

[email protected]
612-492-8233

DOWNLOAD V-CARD

PrintLinkedIn
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