Breach of Fiduciary Duty Chicago IL
When it comes to business, fiduciaries are bound by a higher standard of care. In these special relationships in which you place your trust, there is an implicit agreement that the person will act with utmost integrity and fairness when handling something for you.
Fiduciary relationships can include:
- Trustees and beneficiaries
- Officers and Directors of a corporation
- Attorneys and clients
- Principals and agents
- Pension or health plan advisors and administrators
- Partners and joint ventures
- Discretionary brokers
McNamara Legal seeks to help those who have suffered from breach of fiduciary duty to be compensated commensurately from damages that were suffered. If you have been involved or defrauded, contact us today for free evaluation by calling our office at 312-719-7959. McNamara Legal has been providing legal services to the Chicago area now for over 20 years and has never lost a case!
A fiduciary relationship is a very important one. They are held to higher standards than any other type of business agreement and must act with integrity, good faith, candor in all their dealings. It's also extremely difficult for them to even be created as they need an existing relationship before the contract was negotiated or entered into; it can't just happen by signing a contract.
Shareholders in a corporation do not generally owe one another fiduciary obligations. However, corporate officers and directors are legally bound to the company they represent; if any of them act against or withhold information from the company that has resulted in loss for their associate shareholders, then these associates may be able to file suit under certain circumstances.
Shareholders in a corporation do not generally owe one another fiduciary obligations. However, corporate officers and directors are legally bound to the company they represent; if any of them act against or withhold information from the company that has resulted in loss for their associate shareholders, then these associates may be able to file suit under certain circumstances.
Under the law, those in a position of power over another have an obligation to be honest and fair when it comes to business. When you are entrusted with managing someone else's money or affairs, this trust is given under the highest duty recognized by law-a fiduciary duty. This means that your utmost care must go into protecting these people as best you can from any wrongdoing on their behalf because they count on your honesty for protection against loss and misuse.
The American legal system requires that all parties involved in a lawsuit contribute a share of the adversarial duty. These breaches are a lack of guardianship or trustees responsibility. These acts of bad faith are the ultimate failure of a party due to the breach of legal contract as written. These instances typically occur when one partner has taken advantage or used the partnership for personal gain.
Breaches of fiduciary duty cases are essentially the pursuit of justice, no matter what, even if that pursuit requires legal action. Breach of fiduciary duty is a legal action taken against an individual or company who has failed to live up to the terms of a contract or legal duty. Breach of fiduciary duty will require that party to make restitution on damages caused by the breach of contract or legal assistance, for which the party is responsible.
We're on your side, no matter what. We'll investigate and analyze from all angles to find the best possible way for you to win or settle out of court when necessary. It's a small firm mentality that takes every case as if it were our own so we can ensure 100% commitment. When working with us, you will work directly with hands-on attorneys who are devoted solely to seeing an outcome in your favor - not just settling because they don't have time for this client,
We Demand Accountability When Your Trust Is Violated
When it comes to your finances, a fiduciary is the only person you should trust. Fiduciaries are obligated by law to put their clients' best interests before all other factors and can be held accountable for failures of this responsibility. Whether they're an advisor or trustee, these people have specific duties which include making sure that investments don't conflict with each client's objectives as well as disclosing any conflicts of interest right away so there are no surprises later on in life when needed decisions need to be made about investing one way or another.
If you believe you have had a breach of fiduciary duty violated and your fiduciary failed to fulfil their duty to act in your best interest or neglected an important responsibility, we can advise and represent you. We work with clients who are facing lawsuits stemming from trust-based relationships including estate matters, investment losses, among others. Litigators are attorneys who specialize in representing clients in the courtroom. Not all lawyers do this, so if you want to win your case and minimize any potential adversarial costs or fees for yourself as a client, hire an experienced Chicago litigation law firm right from the start.
Seeking to Recover Losses Due to Fraud
Fraud is also a matter of violated trust, but it can involve outright dishonesty, deceit or misrepresentation that results in loss. For example, if you were instructed or induced to invest money that you wouldn’t have invested had you been told the truth, you may have a fraud case. If you believe a fiduciary violated their duty to act in your best interest or neglected an important responsibility, we can advise and represent you. We work with clients who are facing lawsuits stemming from trust-based relationships including estate matters, investment losses, among others.
When Hiring a Breach of Fiduciary Duty in Chicago, IL
When searching for a lawyer to represent you in Chicago, Illinois, it is important to know McNamara Legal has never lost a case and could help you work out a favorable arrangement either in or out of court if you have been defrauded. We will fight ferociously to help you get justice in your case. McNamara is a well known for civil litigation services providing professional legal services and has helped many people attain adequate settlements throughout Chicago, IL, Cook County and the surrounding areas in Illinois .
McNamara Legal has handled a variety of complex cases with many complications at the Richard J. Dailey Center and other courthouses.
Call our office for a free consultation to discuss your case with our counsel. We have a vast array of experience and are here to fight for your rights, so call us today at 312-719-7959.