368 results for 'cat:"Fiduciary Duty"'.
[Consolidated.] J. Miller finds that the trial court improperly ruled in favor of the former business partner's competing company on a fraudulent transfer claim and incorrectly awarded attorney fees to the competitor in a dispute with the housing construction company over profits the competitor allegedly failed to transfer to the company after the former business partner was removed from his position at the company. The evidence was insufficient to uphold the verdict in favor of the competitor's fraudulent transfer claim. The trial court also incorrectly granted a directed verdict on the competitor's conversion claim against another construction company. However, the trial court correctly granted summary judgment on the competitor's fraudulent transfer cross-claim against third parties. Reversed in part.
Court: Georgia Court of Appeals, Judge: Miller, Filed On: June 13, 2023, Case #: A23A0280, Categories: Fraud, fiduciary Duty, Contract
J. Tailor finds that the lower court improperly dismissed a law firm's breach of fiduciary duty claim against a former associate attorney on its claim that he accepted compensation from another employer while still employed with the plaintiff firm and took thousands of confidential documents with him prior to his departure. Reversed in part.
Court: Illinois Appellate Court, Judge: Tailor, Filed On: June 9, 2023, Case #: 220273, Categories: Trademark, fiduciary Duty
Per curiam, the appellate division finds that the trial court should have dismissed two counts in third-party claims contending a health care management services company failed to honor lease agreements. The parties did not raise triable issues of fact as to whether the release was void and failed to demonstrate the services company relied on misrepresentations regarding the agreements. Reversed.
Court: New York Appellate Divisions, Judge: Per curiam, Filed On: June 9, 2023, Case #: CA 22-00098, Categories: Settlements, fiduciary Duty, Contract
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[Consolidated] J. Wallis finds largely in favor of the daughter in a dispute over the dissolution of the mother and father's marriage, the distribution of assets from a dissolved family business, and the conversion of the dissolved business's assets to benefit a new business started by the son. The trial court's denial of the father's motion to dismiss the daughter's shareholder action and its liability and damages determinations are upheld without discussion, but the case is remanded for the trial court to handle a narrow matter in the marriage dissolution, specifically so it can enter an exact value on a worksheet meant to equitably divide the shareholder derivative damages. Affirmed in part.
Court: Florida Courts Of Appeal, Judge: Wallis, Filed On: June 9, 2023, Case #: 22-0803, Categories: Family Law, fiduciary Duty, Conversion
J. Valihura finds that the price Tesla paid for SolarCity was entirely fair and that Elon Musk did not breach fiduciary duties during the acquisition process. The fair price analysis was erroneous and the court failed to determine whether Musk had been a controlling shareholder, but the extensive trial record supported the decision and thus reversible error had not occurred.
Court: Delaware Supreme Court, Judge: Valihura, Filed On: June 6, 2023, Case #: 181, 2022, Categories: fiduciary Duty