The attorneys at Peterson Watts Law Group, LLP, are comfortable with and understand how to handle breach of fiduciary duty claims. This is because our attorneys have a wealth of experience on both sides of such claims— having prosecuted and defended them. Where our clients have been victims of fiduciary misconduct, we focus not just on establishing liability but– more importantly– how to recover what was lost, in many cases pursuing the fiduciary wrong-doer through bankruptcy proceedings and, ultimately, to obtaining a nondischargeable judgment against him or her. Our firm works with an expansive team of “best in class” forensic experts and investigators to ensure that no stone is left unturned. We make sure that we are not just ready for trial, but also poised to collect from the wrongdoer.
What Is A Breach Of Fiduciary Duty?
Stated simply, a fiduciary duty requires that the fiduciary place the interests of those he serves ahead of his own interests. A familiar example involves corporate officers and directors, who have a duty to act in the best interest of the company they serve. Often, fiduciary duty claims arise when these individuals fail to live up to their obligations owed to the company for which they work. Typical claims include receiving personal benefits by using inside information, or taking advantage of a business opportunity that should have been offered to the company. Another common example is where a corporate officer uses intellectual property of the company to the advantage of himself, or a competing business that he is in some way affiliated with.
Such matters are often high stakes, with not only money on the line, but professional reputations as well. Moreover, one who has been found liable for breach of fiduciary duty may not be able to use bankruptcy protection to discharge the debt.
We’ve represented both injured shareholders in derivative suits, as well as officers and directors charged with alleged fiduciary duty breaches. In many cases, we have worked closely with law enforcement agencies as part of our case strategy. Our lawyers have extensive business law backgrounds and understand the intricacies of this area of law. Whatever your particular circumstance, we can assist you.