Business torts are wrongful acts committed against businesses that result in financial harm to the business. There are many varieties of business torts including fraud, misappropriation of trade secrets, intellectual property theft, unfair and deceptive trade practices, and tortious interference with contractual relationships.
Perhaps the most common type of business torts are breaches of fiduciary duties. Fiduciary duties are a cornerstone of our business and commercial relationships. Officers, directors and trustees owe fiduciary duties to put the interests of their corporations, limited liability companies and trusts before their own. Likewise, many professionals such as lawyers and accountants also owe fiduciary duties to put their client's interest before their own and to avoid conflicts of interest. Unfortunately, many fiduciaries breach their duties and engage in self-dealing and conflicted transaction. This can occur in many different forms, including self-dealing, misappropriating business opportunities, and placing the interests of one client before those of another client.
Our attorneys are experienced in litigating business tort cases in a variety of circumstances, including derivative suits by shareholders, suits by bankruptcy trustees against former corporate management, suits against other businesses for unfair and deceptive trade practices, suits by trust beneficiaries against trustees, and suits against professionals, such as lawyers and investment professionals.
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If you have suffered harm as a result of a business tort, it is in your interest to work with an experienced attorney who can provide you with the advice you need to reach a resolution that reflects your interests. The first step is to meet with a lawyer so you can learn more about your legal options.