Pete McElligott is driven to take on challenges. His common sense approach to all aspects of business litigation leads to efficient and effective results for clients.

Pete is a team player who represents a variety of clients from individuals to small businesses to large corporations in state and federal courts and arbitrations. He stands ready to tackle his clients’ problems at any stage in any capacity. Pete has built client trust in key moments by successfully leading mediations and settlement negotiations, taking and defending depositions, and briefing and arguing motions in addition to his first and second chair jury trial and arbitration experience. This experience stems from cases involving 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.

  • Pete first chaired a FINRA arbitration located in Boston, Massachusetts and obtained a complete defense award on behalf of the firm’s client, 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.  Ultimately, the Panel denied the claims in their entirety.  

  • Represented Tony Flattum in a lawsuit to enforce a pre-incorporation agreement to share profits of a to-be-formed storm restoration business. After winning a jury verdict in Flattum’s favor, Anthony Ostlund successfully defeated the defendants’ attempt to overturn the verdict on appeal.

  • Successfully briefed, argued, and obtained an ex parte temporary restraining order on behalf of a group of real estate investors to prevent dilution of their membership interests. 

  • Pete was part of a team of Anthony Ostlund attorneys that 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 and dismissed the lawsuit with prejudice. 

  • 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.

Graduation Coach, Achieve MPLS

Member, Hennepin County Bar Association

Member, Minnesota State Bar Association

Member, Federal Bar Association

The Minnesota Uniform Declaratory Judgments Act: The Litigator's Underutilized Yet Versatile Tool, Minnesota Lawyer and Finance & Commerce - Partner Content, November 2020

10/05/2020 Minnesota Lawyer and Finance & Commerce – 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


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