Breach of Fiduciary Duty
Dedicated Dallas Business Litigation Lawyer – (214) 361-6740
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 our Dallas business litigation attorney. The Hunnicutt Law Firm can help you identify existing fiduciary relationships, investigate breaches of duty against you, determine whether fraud was involved, and communicate your damages to help you gain a fair settlement.
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 an agent to manage a financial transaction or account. Should the agent fail to act in the best interest 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 agent 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 agent may not put their own interests ahead of the interests of the beneficiary.
- Duty of disclosure: The agent 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.
Legal Help for Your Fiduciary Dispute – (214) 361-6740
When you enter into a fiduciary relationship, you are trusting that your agent 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. The Hunnicutt Law Firm is prepared to help you fight for the compensation you deserve. Backed by more than 25 years of legal experience, our Dallas business litigation attorney is prepared to tackle even the most complex cases. Don’t wait to reach out for help.
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Learn more about how we can assist you. Contact our offices today by calling (214) 361-6740.