Mississippi Breach of Fiduciary Duty Attorney
Holding Those in Positions of Trust Accountable – Jackson Breach of Fiduciary Duty Lawyers
Professionals, trustees, corporate officers/directors of publically held companies and others who act in a fiduciary role are held to high standards of conduct when acting in their fiduciary capacity. The responsibilities of a fiduciary include providing a requisite amount of disclosure toward individuals and entities to whom a fiduciary duty is owed. When those entrusted with the responsibilities of a fiduciary compromise the interest of a principal or shareholders by pursuing their own interest, they may be subject to a lawsuit for breach of fiduciary duty.
What Constitutes a Breach of Fiduciary Duty?
When someone assumes the role of a fiduciary, the individual occupies an important position of trust. The obligations and standards of conduct for a fiduciary are strict in terms of the duty to act in the best interest of shareholders or employers. While there are many patterns of conduct that might constitute a breach of fiduciary duty, common examples include:
- Conflicts of interest that compromise one’s ability to proceed in the best interest of the principal
- Accepting bribes
- Using assets of the corporation or principal for the fiduciaries own interest
- Taking commission without notice and consent
- Stealing or misappropriating funds or assets of the principal or corporation
- Exploiting corporate opportunities for the fiduciaries’ own benefit
These are just a few examples of the types of conduct by a fiduciary that might constitute a breach of trust and justify a lawsuit. When pursuing such a lawsuit, you do not need to establish criminal conduct or even fraud. Damages may be appropriate as long as the fiduciary pursued personal gain at the expense of the principal. You may be entitled to lost profits or even profits obtained by the fiduciary regardless of whether you suffered a direct financial loss.
Fighting for Shareholders, Employers and Trustees Exploited by Fiduciaries
Mississippi breach of fiduciary duty attorney William S. Kellum III represents clients in Jackson, Brandon, Clinton, Canton, Brookhaven, Greenwood, Hattiesburg, Indianola, Madison, Meridian, Natchez, Pearl, Ridgeland, Vicksburg, Yazoo and other surrounding cities and areas. We offer a free consultation so that we evaluate your situation and answer your questions so call us today at (601) 969-2709 or send us an email to schedule your initial consultation.
