Peter Flocos L'90
Lecturer in Law
Peter Flocos is a partner in the New York City office of K&L Gates LLP and a 1990 graduate of Penn Law. He is a litigator whose practice emphasizes business and commercial disputes, including “deal litigation” and insurance coverage disputes.
Mr. Flocos, who began his legal career as a transactional lawyer at Cravath, Swaine & Moore and then became a litigator, litigates a variety of “deal” disputes arising in connection with merger and acquisition (“M&A”) transactions. These include both pre-closing disputes, such as those involving whether "material adverse effect" or other closing conditions have been met, and post-closing disputes, such as those involving claims under an indemnity contained in the transactional agreements. Mr. Flocos has represented Board of Director “independent” or “special” committees considering M&A transactions, and has handled corporate control disputes and shareholder and joint venture disputes. Mr. Flocos also has followed and analyzed high profile deal litigation for hedge fund, investment bank and other clients.
In the insurance coverage area, Mr. Flocos represents policyholders in disputes arising under various types of policies. These include liability and fidelity policies issued to private equity firms, venture capital firms, investment banks and other financial institutions; director and officer (“D&O”) policies (with respect to both general D&O coverage and company or “entity” coverage under D&O policies for securities claims); business interruption policies; and commercial general liability policies. Mr. Flocos also handles insurance issues relating to M&A transactions, in both the litigation and non-litigation contexts.
In addition to teaching at Penn Law, Mr. Flocos is also a Lecturer in Law at the Wharton School of the University of Pennsylvania, where he teaches a class covering general business and corporate law topics. Mr. Flocos is a frequent public speaker on M&A and insurance related topics.
While at Penn Law, Mr. Flocos served as Editor-in-Chief of the Law Review and was awarded the John M. Olin Prize in Law and Economics. He subsequently served as a Law Clerk to the Honorable Roger J. Miner, United States Court of Appeals for the Second Circuit, in New York.
- Commercial Law
- Insurance Law