Profile
Peter is a commercial litigator known for distilling complicated subject matter into clear, compelling narratives that resonate with judges, juries, and opposing parties.
He represents clients on both the plaintiff and defense sides of high-stakes litigation. On the plaintiff side, Peter has secured verdicts and settlements in the hundreds of millions of dollars. On the defense side, he has represented major financial institutions and companies in government enforcement actions and commercial matters involving claims valued in the billions. His defense work has included not only managing clients’ primary defenses but also prosecuting third-party indemnification actions against other parties.
Recently, Peter represented a bankruptcy trustee in a long-running case that culminated in a $564 million jury verdict – the largest jury verdict in Minnesota history – following a federal court trial in Minnesota. He also helped secure a $28 million settlement on behalf of the receiver for Education Corporation of America (“ECA”), a for-profit education company, in a case against ECA’s former officers and directors for alleged breaches of fiduciary duty.
Peter was co-lead counsel for Regis, LLC in a complex commercial real estate dispute against its landlord. The Regis team won partial judgment on the pleadings, requiring the landlord to pay the full seven-figure damages award sought in the complaint.
In another major matter, Peter represented U.S. Bank in a multibillion-dollar case brought by the People of the State of California for alleged unfair competition related to foreclosed properties held in RMBS trusts. His role included defending against the State’s claims and pursuing third-party indemnification claims against several large mortgage servicers that serviced the properties at issue. The Plaintiff sought billions of dollars in fines and a permanent injunction that would have fundamentally altered securitized mortgage administration. The case settled just before trial on favorable terms, without any agreement to formal injunctive relief and for less than 1% of the monetary relief initially sought.
Concentrations
- Trials and arbitrations
- Financial services and securities litigation, including representing corporate trustees
- Representing bankruptcy trustees, litigation trusts, creditors, and receivers in restructuring-related litigation (including D&O litigation)
- Affirmative recoveries through indemnification claims against third parties
- Fraud
- Government and regulatory litigations and investigations
- Breach of contract
- Commercial real estate disputes
- Electronic discovery, including developing and implementing efficient and defensible strategies for document preservation, collection, and review
Capabilities
Experience
- TeoCalli Exploration LLC v. U.S. Bank, et al. Successfully removed case to federal court and won motion to dismiss for U.S. Bank, in its capacity as indenture trustee of bonds issued by oil company. °
- Hawke Media v. The Stable Group. Won motion to dismiss breach of contract and tortious interference claims for Accenture subsidiary, The Stable. °
- State Farm v. Portola Mobility, et al. Won dismissal for lack of personal jurisdiction for Chinese manufacturing companies. °
- John F. Kennedy v. Avy Stein, et al. Secured a $28 million settlement for the Receiver for the Education Corporation of America, a for-profit education company, in a case against ECA’s former officers and directors for their alleged breaches of fiduciary duties to ECA. °
- Kelley v. BMO Harris Bank, N.A.: Part of trial team that secured a $564 million verdict – the largest jury verdict in Minnesota history – for the trustee of Tom Petters’ bankruptcy estate. °
- Regis, LLC vs Sterling Properties LLLP. Won judgment on the pleadings in commercial real estate dispute against Regis’ landlord. °
- The People of the State of California v. S. Bank. Defended U.S. Bank, and sought indemnification from large mortgage servicers, in relation to the alleged unfair competition and failure to maintain foreclosed properties. Resulted in settlement just before trial on favorable terms, including without agreeing to any formal injunctive relief and paying less than 1% of the monetary relief claimed by the Plaintiff at the outset of the case. °
- Volunteer Lawyers Network. Pro bono representation of low-income clients facing eviction proceedings in Hennepin County Housing Court.
- Minnesota Assistance Counsel for Veterans. Pro bono legal clinics for veterans.
°The above representations were handled by Mr. Ihrig prior to his joining Greenberg Traurig, LLP.
Recognition & Leadership
- Listed, The Best Lawyers in America, 2025-2026
- Commercial Litigation, 2025-2026
- Litigation – Bankruptcy, 2025-2026
- Listed, Thomson Reuters, “Stand-out Lawyer,” 2023-2024
- Member, National Association of Federal Equity Receivers, 2022-Present
- Member, National Association of Bankruptcy Trustees, 2023-2025
Credentials
- J.D., University of Minnesota Law School
- B.A., Emory University
- Minnesota
- U.S. District Court for the District of Minnesota