When you trust someone to act in your best interest and they instead make decisions that cause you harm, that can be difficult to deal with. This is especially true when it comes to financial matters. Someone acting as your fiduciary needs to act ethically and in a way that shows that they are looking out for you. When there is a breach of fiduciary duty, then it may be time to get our Atlanta lawyers involved.

What is a Fiduciary?

First, it’s important to establish who could be considered a fiduciary. Some examples of fiduciary relationships include:

  • The leaders of a corporation and that corporation’s shareholders
  • Financial advisors and their clients
  • Trustees and the beneficiaries of a trust
  • A partner in a business and their fellow partners
  • An attorney and their clients
  • An employee and their employer

In each of these relationships, the first party owes a duty of loyalty to the second party. A CEO has a duty to make sure that a company does well and offers value to its shareholders. A financial advisor should be impartial and offer their clients the best possible advice. An employee should put their duty to their employer above their own personal interests. And so on.

When Can You Argue That There Was a Breach of Fiduciary Duty?

Unfortunately, sometimes people do not act in an ethical or responsible manner. Some take advantage of the trust placed in them by others and focus only on how they can benefit themselves. Any of the following could be considered a breach of fiduciary duty:

  • Insider trading
  • Self-dealing
  • Not disclosing conflicts of interest
  • Not offering useful or crucial information
  • Misusing confidential information

In all of these situations, the person you trusted with valuable information and your financial well-being did not do right by you. They were looking for ways to benefit from your trust and take advantage.

When you believe that there has been a breach of fiduciary duty, you first have to show that the defendant had a duty to you. Then you need evidence of the breach, like one of those activities outlined above. Finally, you have to show how this breach caused you damages. If there are no damages, you cannot pursue any kind of case against them.

How Can a Lawyer Help?

A lawyer with experience in this area can help you learn more about the laws about fiduciaries and their responsibilities. We can tell you if we think that there has been a breach of fiduciary duty at your expense. Then we can work with you to hold this bad actor responsible for the pain that they have caused. We are ready to fight for you.

Contact Our Law Firm

So if you suspect that a fiduciary has ignored your interests and violated their duty to you, don’t just accept that. Contact AB Law and get ready to hold them accountable for their actions, or for their inaction. Schedule your consultation with our team today.