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You Need to Know

Majority shareholders owe other shareholders a fiduciary duty. Even percentage partners owe each other a fiduciary duty. Officers and directors of corporations owe the shareholders a fiduciary duty to protect the assets of the corporation.

Breach of Fiduciary Duty

A person who manages money or property for another and must exercise a standard of care in such management activity is a fiduciary. Typical examples are business partners, employees, managers, trustees, receivers, executors, persons holding powers of attorney, etc. If a client is complaining about what someone in a position of trust has done, it could be a breach of fiduciary duty. Crone & Mason, plc is experienced in representing clients who believe that someone owes them a fiduciary duty breached due to negligence or intentional conduct.

If you feel the integrity of your services has been breached, call Alan Crone today at 901.683.1850.
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Crone & Mason plc Attorneys at Law
Memphis Office : 5100 Poplar Avenue | Suite 3200 | Memphis, Tennessee TN (USA) 38137 | Tel: (901) 683-1850 | Fax: (901) 683-1963
Nashville Office : 205 Powell Place | Brentwood, Tennessee TN (USA) 37027 | Tel: (615) 369-0640 | Fax: (615) 369-0639
Email: firm@cronemason.com
 

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