One of the most stressful and uncertain times in a business is when disputes arise between a company’s shareholders, members, partners, officers, or directors. The Business Litigation group represents shareholders, business owners, officers, directors, and their companies during these difficult times.
Whether the case involves a breach of fiduciary duties by an officer, director, or shareholder; a claim for a buy-out; oppression of minority shareholders or other ownership disputes, we have a well-earned reputation for aggressively protecting our client’s interests. We first work to understand your business and its needs, and then formulate an effective, cost-efficient strategy to match.
Fiduciary duties apply to directors and officers of a corporation who carry a duty to act in the best interest of the corporation. Fiduciary duties include duties of good faith, loyalty, and the general requirement to put the corporation’s interests first. Breaches of fiduciary duties are typically acts of disloyalty, in which the fiduciary acts in their self interest, and to the detriment of the corporation’s interests.
A fiduciary duty is an additional level of responsibility provided to key players in an organization who are exposed to confidential and sensitive information. As such, breaches of fiduciary duties can have grave consequences on the individuals, and the companies themselves.