Colorado Business And Corporate Law Attorneys
Some relationships between people and business entities are held to a fiduciary standard. This means that all concerned owe a duty to one another to act in good faith and with care and loyalty. When a fiduciary duty is breached, serious damage to the business is often the result.
At Pearson & Paris, P.C., we defend directors, officers, shareholders and partners accused of breaching a fiduciary duty. Our Denver breach of fiduciary duty attorneys have more than 50 combined years of experience handling business litigation involving fiduciary duties, insurance bad faith, breach of contract and more. You can be confident that we will handle your case strategically and with your business interests in mind.
Activities That May Be A Breach Of Fiduciary Duty
Not every partnership dispute or corporate disagreement is the result of a breach of fiduciary duty. Every situation is different, and we will work hard to investigate all the facts and circumstances surrounding your specific situation. Here are some general areas that may result in litigation:
- Self-dealing: A director, officer or majority shareholder is not entitled to benefit himself or herself at the expense of the company or other shareholders. Nor can these individuals enter into transactions with people whose interests are adverse to the business.
- Breach of contract: A director, officer or shareholder cannot consent to allow a third party to breach a contract between the third party and the business.
- Dissenter’s rights: A majority shareholder who allows a merger or other form of takeover without offering a buyout to shareholders who oppose the merger may be vulnerable to a lawsuit.
These are just a few of the actions that can result in contentious litigation. To preserve your rights and your business interests, speak with a dedicated, skilled business lawyer at Pearson & Paris, P.C.