Phoenix Breach of Fiduciary Duty Lawyers Take on Cases Involving Misconduct Allegations
Arizona law firm litigates when someone in a position of trust is accused of wrongdoing
Businesses rely on the advice and discretion of executives and a variety of professionals, such as attorneys, accountants and investment advisers. Many of these agents are fiduciaries who have a duty to act in the best interests of the business. When someone in a position of trust fails to honor their responsibility, it can cause serious damage both to the business and the fiduciary’s professional reputation. The Law Offices of Donald W. Hudspeth P.C. in Phoenix is sensitive to this problem and provides authoritative legal advice to fiduciaries and clients throughout Arizona. If you are engaged in breach of fiduciary duty case, you can rely on us for practical and skilled representation.
What is a fiduciary duty?
A fiduciary is a person who is entrusted to provide guidance and/or make decisions on behalf of another — the principal — typically because the fiduciary has superior knowledge or abilities on which the principal relies. Examples of fiduciary relationships include:
- Corporate directors and officers owe the corporation they work for
- Attorneys, accountants or financial advisers owe their clients
- Trustees owe the beneficiaries of the trusts they administer
Because of these special relationships, the law imposes a duty on the fiduciary to act in the best interests of the principal and avoid a conflict of interest. We give authoritative advice to fiduciaries and their principals on the nature of the fiduciary duties involved and how to ensure that they are observed.
How can fiduciaries violate their fiduciary duties?
What constitutes a breach of fiduciary duties depends on the relationship between the parties and the nature of the responsibility placed in the fiduciary’s hands. For instance, lawyers may violate their fiduciary duties by such conduct as:
- Handling client funds improperly
- Engaging in fraudulent billing practices
- Doing business with a client that creates a potential conflict with the lawyer’s obligations to the client
- Representing other parties in the same matter without the informed consent of all parties involved
- Representing other parties if it creates an actual conflict of interest with the client
- Revealing confidential information acquired from the client in a manner that harms the client
Other examples of fiduciary breaches include:
- Business partners and corporate directors or officers who self-deal to the detriment of the business
- Employees who use their positions to engage in industrial espionage on behalf of a rival
- Accountants, financial advisers and trustees who embezzle funds
If you are the victim of a breach of fiduciary duty, we will represent you aggressively in litigation for damages against the violator. Likewise, if you are a fiduciary accused of negligence or misconduct, we will prepare a thorough defense.
Contact a dedicated Phoenix breach of fiduciary duty law firm
The Law Offices of Donald W. Hudspeth P.C. represents plaintiffs and defendants in breach of fiduciary duty cases and aggressively pursues the best possible outcome for our clients. To schedule a consultation, call our Phoenix firm today at 866-696-2033 or contact us online.