Representation in Matters Involving Breach of Fiduciary Duty
A fiduciary relationship can be a great benefit to individuals or businesses, but when an agent breaches their duty, it can cause financial harm. There are legal protections that are available to the beneficiaries of a fiduciary relationship that causes financial loss due to misconduct. If you or your business has suffered damages due to a breach of fiduciary duty, do not hesitate to speak to a lawyer with years of litigation experience.
The Hunnicutt Law Group can help you identify existing fiduciary relationships, investigate breaches of duty against you, determine whether fraud was involved and help you gain a fair result. We represent both plaintiffs and defendants in these matters.
Contact our firm to learn more. We are ready to answer your questions.
What Is A Breach Of Fiduciary Duty?
A fiduciary relationship is one in which a person or business places their trust in another person to manage a financial transaction or account.
Should the fiduciary fail to act in the best interests of the beneficiary and cause financial harm, they have committed a breach of fiduciary duty.
A breach of this duty may also be claimed if the agent does not invest the beneficiary’s funds according to the agreed-upon terms or purposely misrepresents an investment. Fiduciary responsibility includes:
Duty of Reasonable Care: The fiduciary must demonstrate reasonable care in the performance of their appointed financial duties. If they act in a way that would go against what a reasonable person would have done, they may have breached their fiduciary duties.
Duty of Loyalty: The fiduciary may not put their own interests ahead of the interests of the beneficiary. The fiduciary must act for the benefit of the beneficiary, without making any decisions that would be disadvantageous for the beneficiary or for their own benefit.
Duty of Disclosure: The fiduciary must disclose all relevant account information to the beneficiary, account owner or investor. The agent also may not provide false information to influence the beneficiary’s decisions.
Get Legal Help for Your Fiduciary Dispute
When you enter into a fiduciary relationship, you are trusting that your fiduciary will act in your best interests. Fiduciaries are held to the highest financial, legal and ethical standards for this reason.
If this trust is betrayed, however, the responsible parties must be held accountable for the financial harm they have caused. Don’t wait to reach out for help. This requires the experience of a capable, knowledgeable lawyer.
The Hunnicutt Law Group is prepared to help you fight for the compensation you deserve. Backed by more than 25 years of legal experience, our Dallas, Texas, business litigation attorney is prepared to tackle even the most complex cases.