Here at The Mottley Law Firm, we have a practice area dedicated to situations in which a corporate official, board member, officer or employee has breached their fiduciary duty to the corporate entity and its shareholders.
Corporate directors, officers, and employees owe “fiduciary duties” to the company and, ultimately, to its shareholders. They have a duty to act out of their good faith business judgment for the best interests of the corporate entity, and they must refrain from acting in a manner that is conflicted and self-interested. They must be loyal to the company in their dealings with and on behalf of the company, not loyal to their own self-interest.
The Supreme Court of Virginia has recognized that, when a corporate director, officer, or employee breaches their fiduciary duties to the company, they may be liable for money damages in a civil lawsuit. Often, claims for breach of fiduciary duty are asserted in a shareholder derivative action commenced by minority shareholders.
Cases involving alleged breaches of fiduciary duty can be incredibly complex and expensive to handle. It is important to have a business litigation attorney who is experienced in this area of the law.
If you believe that you, or your business, have been the victim of a fraud, you owe it to yourself to consult with an experienced attorney in this area of the law. Here at The Mottley Law Firm, we have many years of experience in this area, and would be glad to speak with you about your situation. Please reach out to us for a consultation by calling the number on this website, filling out one of the contact forms here, or chatting with one of our representatives in the chat box on this website.