Fiduciary Duty

What Are Some Examples of a Breach of Fiduciary Duty?

There are many situations in business that involve a fiduciary duty. These types of relationships may arise between directors, officers, controlling shareholders, and with any party that has an obligation to act in the best interests of another. If t… Read More
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Categories: Fiduciary Duty
A lawyer or judge works in the office handing the paperwork for a breach of fiduciary duty claim with a hammer and scales of justice on closeup table.

How Do You Prove Breach of Fiduciary Duty?

In business, directors, officers, and controlling shareholders owe each other and the corporation certain duties. This means that they are trusted to act in the best interests of the company when making business decisions and carrying out transaction… Read More
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Categories: Fiduciary Duty

De Facto LLC Manager Breached Fiduciary Duties Through "Unilateral and Unauthorized" Acts

In a recent order, the Appellate Court affirmed a Cook County trial court decision finding that a de facto LLC manager in a manager-managed LLC: (1) had fiduciary duties to the other members despite not being the legal manager; and (2) breached his f… Read More
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