If you are involved in a dispute where an individual or entity entrusted to act on another’s behalf has potentially violated their fiduciary duty, our firm stands ready to help. Contact a skilled Atlanta business litigation lawyer from AB Law to learn more about how the firm can represent you in a matter involving a claim for breach of fiduciary duty.

What is a Breach of Fiduciary Duty?

A breach of fiduciary duty occurs when an individual or entity, entrusted to act in the best interest of another party, fails to do so. This breach can manifest through acts of negligence, fraud, or misconduct. In the context of business, fiduciary duties encompass a range of responsibilities, including the duty of loyalty, care, and good faith.

When a fiduciary acts in their own interest, to the detriment of the beneficiary, or fails to act with the due diligence required, they violate this duty. The consequences of such breaches can be severe, leading to significant financial losses and undermining the trust essential in business relationships. AB Law represents both plaintiffs and defendants in claims involving breaches of fiduciary duty, ensuring that, no matter your circumstances, you receive thorough, assertive, and strategic representation.

Examples of Fiduciary Relationships

In the business realm, fiduciary relationships are critical in ensuring trust and ethical conduct. Some common examples include:

Directors and Officers of a Corporation

They owe a duty to act in the best interests of the shareholders and the corporation itself.

Business Partners

Partners in a partnership must act in the best interest of the partnership and each other.

Trustees and Beneficiaries

Trustees managing assets or business interests for beneficiaries must prioritize the beneficiaries’ interests.

Agents and Principals

Agents, such as executives or employees, may owe a duty to act in the best interest of their principals, the employers or business owners.

Financial Advisors and Clients

Financial advisors may need to act in the best financial interest of their clients, providing prudent and unbiased advice.

Should I Hire a Lawyer?

You should carefully consider hiring an Atlanta business litigation lawyer if you are involved in a breach of fiduciary duty matter. An experienced attorney can help you navigate the complexities of fiduciary laws, protect your rights, and provide strategic advocacy. AB Law will meticulously review your case and work tirelessly to secure a favorable outcome on your behalf.

Contact AB Law Today

Don’t face the ramifications of a breach of fiduciary duty on your own. AB Law stands ready to assist you. Contact AB Law today so we can get started working on your case.