A fiduciary duty is the duty, under the law, of one person to act in the best interest of another person or group. A common examples is a company’s Board. The individual members of the board owe a duty to the shareholders to operate in the best interest of the company. Similarly, the trustee of a trust has the obligation to operate in the best interest of the trust’ beneficiaries. Attorneys have fiduciary duties to their clients. fiduciary duty occurs when the relationship involves special trust or confidence and the reliance of the party that the fiduciary is acting in their best interests.
A fiduciary can breach his or her duty in many ways, but the legal liability focuses on four elements: (1) duty (did the individual have a fiduciary duty? (2) breach (did the individual breach or violate the duty?), (3) causation (did the breach cause some harm? and (4) damages (are the financial or other damages that can be recovered?
Attorneys who represent clients in breach of fiduciary duty claims are well versed in tort law as to this area and precedent regarding who owes fiduciary duty. They are excellent litigators with experience in a court room and pursuing claims for monetary damages. If a trusted business partner, director, or company officer has behaved in a way that has betrayed your trust and you suspect there was a breach of fiduciary duty, you should meet with an attorney.
Todd is a miracle worker who will work tirelessly for you and your family. He is one of the few attorneys i've met - who I earnestly trust to protect me, and who I am happy to refer to our friends and fellow family members. The Spodek Law Group is someone you want on your side, because they will treat you just like family. Todd and his team are available 24/7, and they always answered our calls. Even when we were being irrational, and crazy - they were calm and super helpful. Just call Todd. He gives you a free consultation and is very understanding.- Donna & Robert
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