In the world of business and commercial disputes, having an experienced litigator on your side could mean the difference between a successful negotiation or a long, drawn-out court battle.
A fiduciary duty is the highest duty of loyalty that is recognized by Virginia law. The duty can arise in a variety of business contexts. For example, an employee generally owes his employer a fiduciary duty during the time of employment, although one can with care make arrangements for subsequent employment. Certain professionals owe a fiduciary duty to their clients to safeguard their money and their private information. Accountants, financial advisers, and anyone who handles other people’s money generally are required to honor fiduciary duties to their principles.
Virginia case law is complex regarding breach of fiduciary duty as it is a tort that frequently arises from the premise of a contractual relationship. Experienced counsel is key to evaluating whether a claim of breach of fiduciary duty is defensible or one that can be pursued.