Protecting Your Future When There Is A Breach Of Fiduciary Duty
When a fiduciary duty is breached, it can be devastating. There is a high level of trust and loyalty in business relationships. But when that trust is broken, it can lead to significant financial losses and damage to not just your bottom line, but also your reputation. When the stakes are this high, having a qualified and experienced breach of fiduciary attorney can protect your interests and future.
Business litigator, Ethan Brecher, has dedicated his legal career and private practice to high-stakes and high-profile commercial litigation. His firm, the Law Office of Ethan A. Brecher, LLC, serves clients in New York City, throughout the state, and across the country. With a deep understanding of the complexities of fiduciary duties and breach of fiduciary duty cases, attorney Brecher is committed to providing exceptional legal representation to his clients.
What Are Fiduciary Duties And Who Has Them?
Fiduciary duties are the highest standards of care and loyalty that one party owes to another. These duties apply when one person or entity has a position of trust, confidence and responsibility over another. Fiduciaries can include:
- Corporate directors
- Corporate officers
- Partners
- Trustees
- Executors of an estate
- Investment advisors
In a fiduciary relationship, one party has a legal obligation to act in the best interests of the other party. This can include duties of loyalty, care and disclosure. When a fiduciary duty is breached, it can lead to significant financial losses and damage to your reputation.
What Are The Legal Remedies When A Fiduciary Duty Is Breached?
When a fiduciary duty breach occurs, several legal remedies are available to the injured party. These remedies aim to restore the injured party to the position they would have been in had the breach not occurred. Common remedies include:
- Monetary damages: The most common remedy is financial compensation for the losses suffered as a result of the breach.
- Disgorgement: The fiduciary may be required to give up any profits or benefits they gained as a result of the breach.
- Injunctive relief: A court order can stop the fiduciary from continuing the harmful actions.
- Constructive trust: A court can impose a constructive trust over property acquired through the breach, ensuring it is used for the benefit of the injured party.
Damages in a breach of fiduciary duty case are calculated to compensate the victim for their losses. This can include direct financial losses, lost profits and consequential damages. In calculating damages, the court will consider the extent of the breach, the losses suffered and the benefits gained by the breaching party.
Protecting Your Interests When A Fiduciary Duty Is Breached
Ethan Brecher has dedicated his career to handling high-stakes and high-conflict business litigation and helping his sometimes high-profile clients seek resolutions in their legal challenges. With a unique combination of tenacity and strategic thinking, Attorney Brecher is a formidable advocate for his clients. He employs sophisticated negotiation and litigation skills, employing comprehensive research tactics and intellectual analysis to resolve disputes. His cost-effective legal strategies are designed to protect his clients’ financial interests, often involving high compensation, non-competes and fraud.
Schedule A Consultation With A New York Securities Attorney
If you suspect that a fiduciary duty has been breached, it is essential to act quickly to protect your interests. The Law Office of Ethan A. Brecher offers initial consultations and attorney Brecher is available by appointment. You can schedule by calling 212-235-1477. You can also schedule by sending an inquiry through the firm’s website.