Glastonbury - Hartford, CT Lawyers
Holding the Fraudulent to a Higher Standard
When businesses and individuals suffer significant financial losses many times it is the result of a breach of fiduciary duty by people close to you or your business. Fiduciaries are individuals, advisors or representatives who have access to your confidential information. Fiduciaries have an obligation to act with the utmost good faith and honesty.
When someone commits a breach of fiduciary duty, the effects can be widespread and very damaging. Partnerships could abruptly end and a business could cease operation. At Raymond & Bennett in Glastonbury, Connecticut, we know what is at stake when a close advisor breaches your trust.
If your company has been the victim of fraud or other conduct related to a breach of fiduciary duty, do not try to handle it on your own. You need a knowledgeable business law attorney to advocate for you. Contact us at 860-266-4925.
When a Breach of Fiduciary Duty Occurs
A partnership is a business arrangement, but it also involves a bond of trust. Partners in business or shareholders in closely held companies can owe each other a fiduciary duty to act with the utmost good faith. Sadly, sometimes partners do not act with good faith toward each other or the business. Many times, one partner has a greater oversight of the finances. If the minority partner has no access to information on the business operations, a breach of fiduciary duty can sometimes result.
Holding Professionals Accountable for Breaches of Fiduciary Duty
Professionals that are close to you or your business may have a fiduciary duty. These professionals may include accountants, lawyers, financial advisors, insurance agents, money managers or trustees. Those caring for a company's finances should be held to a higher standard. When a breach of fiduciary duty is uncovered, they must be accountable for their unethical actions. At Raymond & Bennett, we argue for higher standards to apply to these professionals to improve the chances that you or your business will recover damages.
Experience in Various Industries
Our experience in breach of fiduciary duty has encompassed professionals in various industries, including mortgage brokers, money managers and insurance agents. From middle management to corporate officers, we have the experience to not only identify mismanagement, but also move forward with litigation to hold those individuals or entities responsible.
Contact Us
For more information or to schedule an appointment with an experienced lawyer regarding a breach of fiduciary duty at your business, please contact us.
