Irvine Conflict of Interest Attorneys
Business disputes often result from an allegation that an officer or director of a company breached his or her fiduciary duty. Officers and directors have a fiduciary duty to act in the best interest of the corporation. The duty has been interpreted to require the officers and directors to act rationally, in good faith and based upon a reasonable investigation of the available information relating to the decision. A breach of these duties can result in personal liability for the officer or director as well as the imposition of punitive damages against the officer or director.
At Jacobs & Dodds, we work with corporate officers and directors to try and keep them from breaching their fiduciary duty. Whether you are facing business litigation related to a breach of fiduciary duty or you are interested in learning more about your rights and how to protect your business, we can provide the information you need.
How is the Fiduciary Duty Breached?
A breach of fiduciary duty is often when an officer or director:
- Starts a competing business
- Helps a business competitor
- Commingles personal funds with that of the company
- Spends money on things that will not benefit the corporation
To determine whether a fiduciary duty has been breached the court will ask whether the officer or director acted in a way that an ordinarily prudent person would act under the same or similar circumstances.
Orange County Breach of Fiduciary Duty Lawyers
Contact Jacobs & Dodds for a free consultation with an experienced business law and transactions attorney or to speak with an experienced California trial lawyer from our firm.
Free initial consultations • Phone calls always free • Extensive trial experience • Located next to John Wayne-Orange County Airport