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Houston Breach of Fiduciary Duty Lawyers

Hiring a board of directors to help run a business is common, and often proves effective. Legally, the board of directors is expected to act responsibly and uphold their duties to the company, known as fiduciary duties. This means that they must put the company’s best interests ahead of their own when making decisions. When a member of the board breaches fiduciary duties, shareholders are usually harmed financially. As a result, shareholders have the right to take legal action and recover financial losses and other damages.

At the law offices of Williams Kherkher, our breach of fiduciary duty lawyers know how harmful it can be to the shareholders of a business when a board member acts in their own best interest over that of the company as a whole. Our Houston legal team knows how important taking legal action can be to your livelihood, and have experience in navigating the legal complexities of such a breach. Call us at (713) 230-2200 to learn more.

Steps to Take After a Breach of Fiduciary Duty

If a breach of fiduciary occurs, it is better to try to hold the individual accountable via a breach of fiduciary claim rather than a negligence claim. This is because a breach of fiduciary suit will not require an expert witness, whereas a negligence case will. If your business has suffered from a breach of fiduciary duty, you should take the following steps to ensure that you have the best chance at recovering your losses and protecting your legal rights:

  • Prove that a fiduciary relationship was in existence at the time of the breach, as well as the particulars of the actual breach. A lawyer can help you prove such details.
  • Prove that the fiduciary duty of the defendant was breached by explaining how his or her actions were not loyal to your company, for example.
  • Prove the breaching action caused your company financial harm.

Proof is often a difficult matter, but an attorney can help collect the evidence you need to support a breach of fiduciary duty case. There are many benefits to exercising this set of laws over other forms of neglect, which your attorney can go over with you.

Common Breach of Fiduciary Duty Remedies

Though some remedy options depend on the law in your state, an attorney will be able to discuss the best option for you. Some of the most common remedies include:

  • Filing a lawsuit for the actual, specific damages incurred by the breach of fiduciary duty
  • Recovering punitive damages, especially if malice or fraud was the cause of the breach

If you are seeking one of the above remedies, or an alternative action to recover losses, you should contact a lawyer.

Contact a Breach of Fiduciary Duty Lawyer in Houston

At Williams Kherkher, we know how devastating a breach of fiduciary duty can be to your business, especially when you trust board members to have your business in their best interest. With over 30 years of legal experience, our Houston breach of fiduciary duty lawyers are prepared to help you remedy your losses so that you can maintain a successful business. If you are in need of a breach of fiduciary duty lawyer, please contact us today by calling (713) 230-2200.

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