Breach of Fiduciary Duty
At Light Path Law P.A, we understand the profound trust and confidence placed in fiduciaries, individuals who hold positions of utmost responsibility and authority. A breach of fiduciary duty occurs when this trust is violated, leading to legal consequences and potential harm to the aggrieved party.
What is a Breach of Fiduciary Duty?
A breach of fiduciary duty arises when someone in a position of trust, known as a fiduciary, fails to act in the best interests of the party they serve. Common fiduciary relationships include those between trustees and beneficiaries, attorneys and clients, corporate officers and shareholders, and agents and principals.
Examples of Breach
Breaches of fiduciary duty can manifest in various ways, such as:
- Self-dealing or conflicts of interest.
- Misappropriation of funds.
- Failure to disclose material information.
- Acting contrary to the best interests of the party they serve.
If you believe you have been a victim of a breach of fiduciary duty or if you are facing allegations, contact Light Path Law P.A. We are dedicated to providing effective legal representation and protecting your rights in fiduciary matters.