By definition, a fiduciary duty is an obligation to act in the best interests of another party. As an example, a stock broker has a fiduciary duty to his or her clients to make investments according to their wishes and to act in their best interests in investing, making trades, etc. A breach of fiduciary duty may cause an individual or a business to sustain a great deal of damage, depending on the particular breach and how it affects the victim.
A business that has suffered financial damages as a result of a breach in fiduciary duty may take legal recourse in an attempt to recover the money they have lost. If you are seeking legal assistance in suing for a breach of fiduciary duty, please contact an experienced lawyer at Orner Law, LLC today. We represent clients throughout South Florida and are standing by to see how we can best assist you. We also represent business entities that have been accused of or are being sued for alleged breaches of fiduciary duty in any way.
What Constitutes a Breach of Fiduciary Duty?
Fiduciary duty is established when a relationship with a client involves special trust or expertise. In situations where a client would rely on a business or professional in some field to provide knowledgeable guidance or representation, a breach of this duty or obligation may actually be grounds for the client to seek financial damages. A breach of fiduciary duty may occur when a business or professional acts in any manner which is against the interests of the client, including acting for the personal benefit of the company at the expense of the client. Dishonesty, misrepresentation, deception and negligence may all constitute breaches of fiduciary duty.
With offices in Boca Raton and Fort Lauderdale, Orner Law, LLC serves clients throughout South Florida.
For the experienced and honest legal guidance you need, contact a South Florida business litigation attorney at Orner Law, LLC today.