Peter Flocos, Esq.
Mr. Flocos is a litigation partner at K& L Gates, and serves as the Practice Group Coordinator of the Firm’s Securities and Transactional Litigation Practice Group globally.
Mr. Flocos regularly litigates and advises clients on a variety of “deal” related disputes, including shareholder class action and derivative suits challenging public company M&A transactions, which often are multi-jurisdictional and involve expedited discovery and injunction proceedings; pre-closing disputes between the buyer and seller in an M&A deal, such as those involving claims by the buyer of fraud or “material adverse effect” and claims that specific performance is or is not available as a remedy; and post-closing disputes between the buyer and seller in an M&A deal, such as those involving claims under indemnity and escrow provisions contained in the transaction documents. He also handles other types of corporate governance and corporate control related disputes. Mr. Flocos has represented Board of Director “independent” or “special” committees considering transactions.
Mr. Flocos also litigates class action suits arising under the federal securities laws, and litigates and advises clients on a variety of complex business and general commercial disputes. He has followed and provided “real time” analysis of high profile M&A, securities and corporate governance litigation for hedge fund, investment bank and other clients.
Part of Mr. Flocos’s practice involves working with Firm partners in the M&A, corporate governance and capital markets areas with a view to either avoiding litigation or better positioning our clients should litigation ultimately arise. For example, he provides advice from the litigation perspective on transaction structure, the language of transaction documents, and SEC filings.
In addition to his other litigation work, Mr. Flocos represents and advises policyholders in insurance coverage litigation and other coverage disputes, including coverage disputes arising out of M&A and other corporate transactions.
Mr. Flocos holds a J.D. from the University of Pennsylvania Law School (Order of the Coif (top 10% of class); Cum Laude; Editor-in-Chief, University of Pennsylvania Law Review; John M. Olin Prize in Law and Economics). He also holds an M.A. from University of Oxford and a B.A. (School of Arts and Sciences) and B.S. (Wharton School) from the University of Pennsylvania.
Mr. Flocos is a Lecturer in Law at the University of Pennsylvania Law School, where he teaches an M&A litigation course and has taught the general M&A course. He also has served as a Lecturer at the Wharton School of the University of Pennsylvania, where he taught a general business law and business organizations course.