Breach Of Fiduciary Duty
The commercial litigation attorneys at Thomas P. Howard, LLC regularly handle business disputes involving claims of breach of fiduciary duty. Breach of fiduciary duty claims arise when one party violates a duty of trust to another or to a business. Such cases frequently arise in matters involving business partners, limited liability company members, corporate officers, trustees, and employment relationships.
Some common breach of fiduciary duty scenarios include:
- A business partner excluding another from participating in the business;
- Theft of business distributions;
- Theft of funds or assets from a business;
- A member of the business starting a competing company without consent of the other members;
- A partner or officer’s gross negligence in running the business.
As an example, Thomas P. Howard, LLC filed claims alleging breach of fiduciary duty, as well as breach of contract, civil theft, and several additional counts, against an officer of an accounting company that took covert and self-serving actions to the detriment of his partners. The court issued a permanent injunction on the behalf of Thomas P. Howard, LLC’s client shortly after the filing of the complaint, and the matter successfully settled shortly thereafter.
To schedule a complimentary consultation with one of our fiduciary duty attorneys, please call (303) 665-9845 or email us to make an appointment.