![]() ![]() This relationship is rooted in the fact that one party has more information and authority, and the other is placing their trust in them. When one agrees to act as an agent for another, one usually assumes a fiduciary role. A real estate agent representing a buyer or seller in a transaction.The board members and senior executives of a company.A majority shareholder in a closely-held corporation.Here are some examples of relationships where one will owe a fiduciary duty to a beneficiary: When someone is in a relationship of trust with another party, they owe them certain fiduciary duties. The obligations can attach when one has a certain role. There does not need to be an explicit agreement for someone to have fiduciary duties. When one agrees to act as a fiduciary, one agrees to put the beneficiaries’ interests first. Fiduciaries Have High Duties That They Must ExecuteĪ fiduciary has a duty to place their own personal interests aside when they occupy a position of trust. If you believe a fiduciary violated their duty due to self-dealing conduct, you should discuss possible legal action with a fiduciary duty lawyer immediately. Those for whom the fiduciary acts have the legal right and ability to take direct action against the fiduciary when they act improperly. If fiduciaries make a mistake or are derelict in their duties, they can cause large financial losses. A fiduciary’s actions can have a direct financial impact on a beneficiary. Someone else relies on them to manage and administer a valuable asset in which the beneficiary has a stake. Defending a foreign corporation in liquidation against a domestic creditor, while also pursuing claims of fraud and intentional misrepresentation against that domestic creditor.When Is Self-Dealing a Breach Of Fiduciary Duty?įiduciaries occupy an extremely important position.Pursuing claims on behalf of a group of hedge funds for securities fraud, accounting fraud, breach of fiduciary duty, negligent misrepresentation, and fraudulent conveyance against former officers, directors, and auditors of a defunct public company.Defending a foreign bank and receiver against allegations of fraud, breach of contract, and breach of fiduciary duty.Pursuing claims on behalf of a partner in a medical practice breach of fiduciary duty, fraud, and breach of the covenant of good faith and fair dealing.Our attorneys have represented companies and individuals across diverse industries, including the following cases: Fraud and breach of fiduciary duty matters at Skoloff & Wolfe, P.C. Our attorneys are also well positioned to represent those who seek relief based on claims of securities fraud, accounting fraud, and fraudulent conveyance. ![]() Our attorneys have substantial experience with a wide variety of fraud and breach of fiduciary duty claims, including allegations of a breach of the duties of care, loyalty, and good faith. That breakdown in trust could occur between parties to a contract, or when fiduciaries fail to act in the best interests of the parties they are entrusted to serve. Accordingly, we make sure that we investigate any issue of fraud and work diligently to find the right litigation strategy that will lead to the best result for our clients.įraud and breach of fiduciary duty claims most often come down to a breakdown in trust between parties. We understand that allegations of fraud or deception are serious and can have a major negative impact on the reputation of an individual or corporation. work on behalf of both plaintiffs and defendants in significant matters involving fraud and breach of fiduciary duty. ![]()
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