A fiduciary relationship is a legal relationship in which one person or entity is entrusted with another’s assets or interests and is expected to act in the best interests of the other party. This type of relationship is governed by certain laws, and breaching fiduciary duty can have significant consequences.
Fiduciary relationships exist in various industries and job settings, including in legal and financial fields. Attorneys and clients, accountants and their clients, and business partners are examples of relationships that fall under this category. In each case, one party has an obligation to act in the other’s best interests.
Identifying and Proving a Breach of Fiduciary Duty
Proving a breach of fiduciary duty can be challenging as these relationships are more complex than simple employer-employee relationships. They involve a high degree of trust, and the beneficiary often relies on the fiduciary to make decisions that will benefit them. If you believe that someone you trusted has breached their fiduciary duty, you should contact an experienced business attorney to evaluate your case.
Your attorney will assess the facts and circumstances of the relationship to determine whether there was a fiduciary duty and whether the other party breached that duty. They will also evaluate the damages that you may be entitled to if the breach caused harm. In California, plaintiffs can seek compensatory and punitive damages in a breach of fiduciary duty case.
Working with a Skilled Business Attorney
If you are facing a breach of fiduciary duty claim, or if you believe that someone has breached their fiduciary duty to you, it is crucial to work with a skilled business attorney. The business attorneys at Abir Cohen Treyzon Salo, LLP have extensive experience handling complex business disputes, including those involving breach of fiduciary duty. We will work tirelessly to protect your interests and help you recover the damages you deserve.
Contact us today at 833-ACTS-LAW or online to schedule a free initial consultation. Our attorneys are located in Los Angeles and San Diego and serve clients throughout California.