Fiduciaries are typically advisers, directors or others in whom one has reposed trust or confidence. Often they have access to or responsibility for a person’s or company’s financial or business information. Due to their position of trust, they have various obligations including an obligation to carry out their duties in good faith. A breach of fiduciary duty can harm a business significantly.
Breach of Fiduciary Duty disputes often involve:
- Board members and directors of corporations
- Business partners
- Shareholders of closely held companies
- Partners, members or employees in a limited liability company
- Trustees, executors and administrators
A fiduciary breach, including fraud, self-dealing, acting negligently or taking other actions against the best interests of a business entity may lead to a breach of duty. To discuss your specific fiduciary situation, please contact the office to schedule an appointment.