When a fiduciary must act in the best interest of another party but instead breaches that duty, they can be held accountable in court. A business litigation attorney can help identify breaches of fiduciary duty and the steps that should be taken next.
What is a Breach of Fiduciary Duty?
Fiduciary duty is a legal obligation that requires one party to act in the best interests of another. The fiduciary relationship can be found in many different contexts, such as employer and employee, attorney and client, trustee and beneficiary, and principal and agent.
In a business setting, fiduciary duty refers to an obligation from one party to another party, requiring the agent to act in good faith towards the principal.
Breach of fiduciary duty occurs when an agent breaches this obligation by acting contrary to the principal’s interests. For example:
- A corporate officer who sells his stock for personal profit instead of using it for company growth
- A real estate broker who lists homes for sale without disclosing their defects
- An investment advisor who fails to inform clients about conflicts of interest that might affect their investment strategy
How Can a Breach of Fiduciary Duty Attorney Help You?
A breach of fiduciary duty can have severe consequences for businesses because it may cause harm to their reputation or financial well-being. In some cases, criminal charges may result against the offending party if it is determined that they acted deliberately in harming the client, employer, or business partner.
If you are the victim of a breach of fiduciary duty, it is important to know what your options are. Hiring a business law attorney can help you protect yourself and recover any losses that were incurred as a result of the breach. An attorney with a specialization in this area can assist with:
- Assessing your case
- Preparing legal documents
- Representing you in court if necessary
Hasson Law Group, LLP: Breach of Fiduciary Duty Attorney in Atlanta, GA
If a breach of fiduciary duty has your business or even your interests, of course, it is essential that you consult an experienced breach of fiduciary duty attorney in Atlanta. By doing so, you will be giving yourself some room to figure out how to get back on track so your business can continue flourishing.
At Hasson Law Group, LLP, our attorneys aggressively protect the rights of clients who have been defrauded. Our trial attorneys have extensive expertise in settling claims utilizing mediation and arbitration. We also fight for clients’ interests at trial, when necessary, in State and Federal courts.
Do you have questions about a breach of fiduciary duty case? Contact Hasson Law Group at (678) 701-2869 to learn how we can help you get your business moving in the right direction.
We serve the Atlanta, GA, area.
