Category: Fiduciary Duty
What Does it Mean to have a Fiduciary Duty?
An Orange County fiduciary duty attorney can provide help to individuals who are accused of breaching their fiduciary duty and can provide assistance to shareholders who believe that a fiduciary duty has been breached. Legal action can be taken for a violation of a fiduciary duty, so it is important to understand what it means […]
READ MOREWhat are the Fiduciary Duties of Managers in Limited Liability Companies?
A manager of a limited liability company (“LLC”) owes certain duties to both to the LLC, and its members. These duties are known as fiduciary duties, and include a duty of loyalty and a duty of care. A manager’s breach of their fiduciary duties will generally entitle the LLC or its members to monetary or […]
READ MORELawsuit Against Officers or Directors of a Corporation
In California, officers and directors of corporations are given principal authority over the primary affairs of the corporation. By law, officers and directors owe certain fiduciary duties, both to the shareholders of the corporation, and to the corporation itself. When an officer or director breaches these duties, or engages in other intentional wrongful conduct such […]
READ MORECan You Sue Your Business Partner?
A California business litigation attorney knows that suing your business partner is not something that anyone wants to have to do. When you file a lawsuit against a business partner, you are making a disagreement you are having even more adversarial. You and your partner are both likely to spend a lot of money, and […]
READ MOREWhat Is a Shareholder Derivative Lawsuit?
This article will help to define and discuss what a Shareholder Derivative lawsuit is and what a board member or shareholder needs to know. A corporation operates like a well oiled machine when it is operating properly. There are numerous moving parts in the form of a Board of Directors, Officers, managers, and shareholders that […]
READ MOREWhat is Breach of Fiduciary Duty? Definition and Examples of Fiduciary Duty in California
Defining fiduciary duty requires an understanding of what constitutes a fiduciary relationship. In simple terms, a fiduciary relationship can be defined as one in which one party (Party A) in a transaction places their complete trust in another party (Party B) to act in the best interest of Party A. More specifically according to California […]
READ MOREShould I Sue for Breach of Fiduciary Duty?
Certain relationships create legal duties for individuals. For example, shareholders and executives of a company have an obligation to act in the best interests of their business. Because there are varying degrees of legal obligations which may be imposed depending upon the specific circumstances and the specific nature of relationships between people and businesses, there are […]
READ MOREWhen Does a Partner Breach a Fiduciary Duty?
Southern California partnership disputes attorneys provides assistance when disagreements arise among co-owners of a company. In many cases, with the right legal help, disputes can be resolved outside of court and a partnership can become stronger as a result of effective compromise and the partners working together to find creative solutions. There are some situations, […]
READ MOREIs Your Trust Being Mismanaged?
When you are an California fiduciary duty lawyer, you sometimes interact with clients that have suspicions about the actions of a financial manager of some kind. Before we get into the details, we should provide some basic background information. A fiduciary is a person or entity that has the legal responsibility to competently and honestly […]
READ MOREWhat Are Fiduciary Duties?
We accept a wide range of different business law cases, and one area of specialization is the matter of fiduciary responsibility. To provide a general definition, a fiduciary duty is a responsibility to act in the best interests of another person or entity with regard to financial decision-making. A party that has a fiduciary duty […]
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