In short, the statute applied to any notional breach of fiduciary duty--whatever its boundary or legal source.
Giddens has said that he may sue Corzine and other former executives for negligence and breach of fiduciary duty.
The alleged causes of actions include breach of fiduciary duty, unjust enrichment, unfair competition, excessive executive compensation and self-dealing transactions.
FORBES: California Sues 'Nonprofit Entrepreneur' Roger Chapin And Charity Forbes Exposed
The breach of fiduciary duty allegations stem from the fact that the Plan assets are invested in a tax deferred variable annuity.
FORBES: SEC Snoozed As "Shadow Marketers" Skimmed Billions From Retirement Plans
In this latter case, a breach of fiduciary duty seems most glaring.
FORBES: Pensions and Brokerage: The Brokerage Battlefield Revisited (October 1, 2000)
It is not a breach of fiduciary duty to accept near-frictionless bitcoin instead of funneling 3% or more to the PayPal-credit card oligarchy.
FORBES: Wikipedia Accepts 'Enemies Of The Internet' Currencies
On the state level, backdating could involve a breach of fiduciary duty, a waste of corporate assets and even a usurpation of a corporate opportunity.
The dismissal ends a legal drama that accused the financial markets' top cop of breach of fiduciary duty and negligent misrepresentation involving a Finra merger proxy.
The judge in the Wilmington bankruptcy, Christopher Sontchi, said parishes that had suffered this fate had grounds to sue the diocese for breach of fiduciary duty.
They would not be the first to assert that it is a breach of fiduciary duty to waste assets of the corporation on the parties, or over leveraging.
The brothers were, however, still under investigation and named in multiple lawsuits accusing them of negligence, breach of fiduciary duty and profiting from the scheme to the tune of millions.
Five former clients of CAIR filed the two lawsuits in federal court alleging common law and statutory fraud, breach of fiduciary duty, and intentional infliction of emotional distress against CAIR.
CENTERFORSECURITYPOLICY: Federal Lawsuit Exposes Massive CAIR Fraud and Cover-up
The sole FINRA Arbitrator hearing this matter found Respondent Wachovia liable on the claims of negligence, negligent supervision, fraud and breach of contract (no finding of liability on breach of fiduciary duty).
FORBES: Stockbroker Exonerated For Following Broken FNMA Compass
James Giddens says the former CEO, Jon Corzine, along with his executives may face legal claims for breach of fiduciary duty when they used customer money to fund a growing liquidity crisis.
FORBES: JPMorgan's Other Messy Problem: MF Global's Missing Money
Now, Lichtenstein is claiming this advice was wrong and that he would have prevailed in a breach of fiduciary duty lawsuit because the lenders to Extended Stay had insisted on a bankruptcy remote structure for the loans.
FORBES: David Lichtenstein Blames His Lawyers For His $100 Million Bad Boy Penalty
Five former clients of the Council on American- Islamic Relations (CAIR) have filed two separate lawsuits in federal court alleging criminal fraud and breach of fiduciary duty against CAIR, a self-described Muslim public interest civil rights law firm.
FORBES: The Gnome of Nebraska: Warren Buffett, Berkshire Hathaway, and Self-Dealing
Okay, so if you'll recall, TechCrunch's hastily-written complaint alleged that Fusion Garage was guilty of false advertising, breach of fiduciary duty, misappropriation of a business idea, fraud, and unlawful business practices, all because Fusion Garage essentially took their ball and went home instead merging with Arrington's CrunchPad, Inc.
C. and the American Freedom Law Center (AFLC) filed a devastating legal brief supported by hundreds of pages of evidence, asking a federal judge to find the Council on American-Islamic Relations (CAIR) liable to five of its former clients for fraud, breach of fiduciary duty, and intentional infliction of emotional distress.
CENTERFORSECURITYPOLICY: Federal Lawsuit Exposes Massive CAIR Fraud and Cover-up
C. filed its reply brief in support of its motion for summary judgment in the United States District Court for the District of Columbia on behalf of five former clients of the Council on American-Islamic Relations (CAIR), who had earlier filed two separate lawsuits in federal court against CAIR, alleging common law and statutory fraud, breach of fiduciary duty, and intentional infliction of emotional distress.
Under Louisiana law, each fiduciary is personally liable for any losses created by a breach of his fiduciary duty.
FORBES: Louisiana Mandating Consultant/Manager Disclosure (April 2, 2005)
Funds that fail to seek recovery of pension assets where possible, may breach their fiduciary duty to participants.
FORBES: Time��s Running Out For America��s Pensions (May 1, 2003 )
应用推荐