A fiduciary duty is essentially a legal obligation to act in the interests of a specified party, referred to as principals. This includes the duty owed to a client by their attorney, or the duty a director owes to their shareholders. When a fiduciary you’ve trusted fails to act in your interests, you have a right to pursue justice.
At Sico Hoelscher Harris & Braugh LLP, our commercial litigation attorneys have more than 100 years of collective experience with these complex claims. When you retain our firm, we will work aggressively to hold the fiduciary responsible for their misconduct and to help you obtain the appropriate remedy in your case.
Our firm has the experience, resources, and history of success to take on even the most complex cases. Call our Corpus Christi commercial litigation lawyers at (877) 631-9965 today to learn how we can help you.
If a fiduciary relationship is established, the fiduciary must act in the best interest of the trusting party. When a breach of this responsibility occurs, there is a variety of legal issues that affect both companies and individuals, such as failure to disclose financial information, misuse of a superior position, breach of confidentiality, unfair seizure of business opportunity, etc. A common issue with these types of cases is determining the complex nature of business relationships that create a fiduciary relationship.
A fiduciary is an individual who has a fiduciary duty. In some instances, these persons are also referred to as trustees. The person who owes the duty is often referred to as the beneficiary or principal.
According to corporation law, the duty of loyalty describes trustees’ conflicts of interest and obliges trustees to put the best interests of the corporation before the trustee’s own. Corporate fiduciaries technically breach the duty of loyalty when they divert the following for personal gain:
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Our Corpus Christi commercial litigation lawyers are skilled negotiators in the boardroom, and aggressive trial attorneys in the courtroom, allowing us to successfully pursue optimal outcomes. When you retain our firm, you can feel confident knowing that your case is in the hands of our highly skilled team.
Our team has successfully litigated on many of these types of claims, notably:
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