Phoenix Business Tort Lawyers Protect Your Company’s Rights
Reliable representation to enforce fairness in the marketplace
Fair competition in an open market can bring out the best in business leaders to the benefit of consumers. But when certain companies act unlawfully to manipulate the market, other businesses get hurt and consumers suffer. If you are the victim of a business tort, such as business defamation, trademark infringement or theft of a trade secret, time is of the essence. You need an experienced legal team that knows how to pursue practical solutions. At Law Offices of Donald W. Hudspeth P.C., our business litigation attorneys protect clients from unfair business practices. We seek timely and effective injunctive relief to halt the offending conduct as well as monetary damages to recoup losses.
Common types of business torts
Business torts, sometimes called economic torts, are wrongful acts against business entities that result in financial harm. Business torts can be deliberate, intentional conduct or acts of negligence. They are not criminal offenses but rather entitle the injured party to civil remedies. Common business torts include:
- Breach of fiduciary duty — Officers of a company, as well as outsiders entrusted with company assets, have a duty to act professionally and responsibly for the benefit of the company’s owners or shareholders. Fiduciaries can be held personally liable for negligent or dishonest performance that harms the business.
- Business defamation — A company can bring a lawsuit over false statements that damage the reputation of a company and result in economic losses.
- Fraudulent misrepresentation — If a party commits fraud in a business transaction, the injured party is entitled to damages. Examples of fraud include presenting false financial statements to secure a line of credit or promising performance of a contract with knowledge that it is impossible.
- Theft of trade secrets — A trade secret is inside information that can give your company a competitive edge. As intellectual property, your trade secrets are protected by state and federal law. If a disgruntled employee or someone working for a competitor misappropriates your trade secrets, your company can suffer swift, devastating and permanent harm.
- Trademark infringement — A company’s trademark or service mark identifies its products and services in the marketplace. When a similar mark can confuse the public about the source of goods or services, the mark’s owner must enforce its exclusive right to use its mark.
- Tortious interference — A company may sue a third party over conduct that interferes with an existing contractual or business relationship with another business or individual..
- Restraint of trade — Taking unlawful measures to restrict another company from conducting business, often in violation of federal antitrust laws. Restraint of trade also occurs in employment, when a company takes unlawful actions to prevent a former employee from pursuing his or her career.
Whether you are the victim of a business tort or have been accused of tortious conduct, our business litigation attorneys are ready to represent your interests and uphold your rights.
Remedies available for business torts
If you are a victim of a business tort, you may be entitled to equitable relief, which generally means a court ordered injunction barring the defendant from continuing the unlawful conduct. In addition, you are entitled to monetary damages to compensate for your losses resulting from the tortious conduct. If the defendant’s conduct was particularly egregious, a court can also award punitive damages.
Contact our Phoenix lawyers for business tort representation
Law Offices of Donald W. Hudspeth P.C. in Phoenix provides determined representation for victims of business torts as well as for those accused of tortious acts. Call our experienced business attorneys at 866-696-2033 or contact us online to schedule a consultation. Our firm is easily accessed either by light rail or car, with plenty of available parking.