| 单词 | fiduciary duty |
| 例句 | You owe it to yourself to avoid the legal repercussions of violating your fiduciary duty. @Work Advice: When the director is a friend, and a drinker 2016-07-12T04:00:00Z The show's producers sued Marc Thibodeau in New York State Supreme Court on Tuesday, claiming defamation and breach of contract and fiduciary duty. Troubled 'Rebecca' musical snares show's publicist 2013-01-30T02:55:08Z This, the suit alleges, was a breach of contract and fiduciary duty. Jerry Falwell Jr.'s feud with Liberty University escalates with dueling lawsuits 2021-04-16T04:00:00Z "The board, consistent with its fiduciary duties, remains committed to evaluating any alternatives that would enhance shareholder value." Regal Entertainment pulls back on sale plans 2015-01-15T05:00:00Z Overnight LLC, led by producer Rick Schwartz, accuses Kaufman of breach of contract, breach of fiduciary duty and misappropriation of corporate opportunity in a lawsuit filed in Manhattan federal court. Film producer sues over "Black Swan" 2010-12-23T22:53:59Z Among other causes of action, the suit alleges breach of contract, breach of fiduciary duty, and fraud. Producers on Tom Cruise film sued for breach of contract 2012-02-06T05:33:40Z The lawsuit claims two counts of breach of fiduciary duty, and one count each of engaging in a prohibited transaction and failing to disclose information material to plan participants. Actors Sue SAG-AFTRA Health Plan Over Changes in Insurance 2020-12-02T05:00:00Z The suit includes claims of breach of contract, negligence, breach of fiduciary duty and unjust enrichment. Rihanna sues ex-accountants, says she lost millions 2012-07-05T18:45:20Z O’Donnell’s lawsuit accuses Kadre of breach of contract and fiduciary duty, as well as fraud, and it seeks a jury trial for unspecified damages. Is this a real Jackson Pollock? L.A. power lawyer sues over potential $100-million mystery 2016-10-10T04:00:00Z She added that “the board voted, as part of their fiduciary duty to explore all options to save S.F.A.I., to continue exploring pathways and offers for endowing or selling the mural.” San Francisco’s Top Art School Says Future Hinges on a Diego Rivera Mural 2021-01-05T05:00:00Z The judge found that he mistakenly allowed the jury to hear details about an allegation connected to Lady Gaga and Fusari’s personal relationship and his fiduciary duty to her. Judge Overturns $7.3 Million Verdict Against Lady Gaga's Former Boyfriend 2015-10-02T04:00:00Z The lawsuit accuses Daughtry of "constructive fraud, breaches of fiduciary duty, unfair trade practices, and other deceptive and wrongful conduct." 3 ex-bandmates file suit against Chris Daughtry 2012-04-06T21:40:17Z The curriculum covers agency relationships, fiduciary duties, legal compliance and dispute resolution. Why the travel industry’s ethics matter 2016-10-13T04:00:00Z “Using funds that are donor-restricted for something other than their intended purpose would be a breach of fiduciary duty,” Mr. Mancino said. Chairwoman of San Francisco Art School Facing Budget Issues Resigns 2021-01-22T05:00:00Z Following Buckingham’s surprise firing from Fleetwood Mac in January, the guitarist filed a lawsuit against the band in October, alleging breach of fiduciary duty and breach of oral contract, among other charges. Fleetwood Mac, Lindsey Buckingham settle lawsuit over dismissal from band 2018-12-10T05:00:00Z The Friends of the Barnes argue in court papers that Mr. Fisher “absolutely violated his fiduciary duties by taking an improper role,” and did so without advising Judge Ott. ArtsBeat: Court to Hear More Arguments in Barnes Foundation Dispute 2011-03-29T17:49:11Z A Los Angeles jury found him liable for breach of fiduciary duty as well as taking trade secrets and interfering with the contracts of TCW clients, but declined to award any damages. Bond fund manager offers £1m for stolen art 2012-09-25T18:23:59Z Cochran was found liable for financial elder abuse, fraud and breach of fiduciary duty. Peter Beagle, Author of ‘The Last Unicorn,’ Is Back In Control 2022-08-11T04:00:00Z In the complaint, Activision alleges that EA intentionally interfered with contracts, engaged in unfair competition and aided and abetted breaches of fiduciary duty by the executives. Activision targets EA in $400 million lawsuit 2010-12-22T03:02:09Z More recently, Louise Renne, San Francisco’s former city attorney, was one of two other trustees to resign, saying she could not “fulfill her fiduciary duty,” given the board’s management. Dede Wilsey Is the Defiant Socialite 2016-09-24T04:00:00Z The organization accused her of stealing his work, some of which it said she sold for her own benefit in a breach of fiduciary duty. Case Against Robert Motherwell’s Foundation Is Dismissed 2016-12-20T05:00:00Z Earlier this year her lawyer, Carter A. Reich, accused the auction house in a letter of “breach of contract, fraudulent misrepresentation, negligence and breach of fiduciary duty.” Her ‘Chagall’ Is Headed for the Trash. How’s That for Caveat Emptor? 2022-07-06T04:00:00Z De Niro’s lawyers sued Robinson for breach of loyalty and fiduciary duty even before her lawsuit was filed against him in 2019. Jury awards $1.2 million to Robert De Niro’s former assistant in gender discrimination lawsuit 2023-11-09T05:00:00Z In his arguments, Schoenstein asked the jury to compensate De Niro for his legal claims, which allege breach of loyalty and fiduciary duty requirements. Robert De Niro attends closing arguments in civil trial over claims by ex-VP, personal assistant 2023-11-08T05:00:00Z For one thing, because such strandings would damage corporations, company directors who approved them would be left open to personal lawsuits for breaching their corporate fiduciary duty. Why fossil fuel companies can’t leave resources stranded 2023-11-08T05:00:00Z De Niro has asked a jury to award him $6 million on breach of loyalty and fiduciary duty grounds. Robert De Niro’s former top assistant says she found his back-scratching behavior ‘creepy’ 2023-11-03T04:00:00Z "Brookfield is not a bottomless pit of money, we are a financial institution, we have a fiduciary duty to our investors to be good stewards of that capital and allocate that capital appropriately." Brookfield to push ahead with $10.5 bln Origin bid dismissed by top investor 2023-11-02T04:00:00Z The suit filed Wednesday also names as defendants Creative Artists Agency, Ormond’s former agency, alleging negligence and breach of fiduciary duty, as well as Walt Disney Company and Miramax, for negligent supervision and retention. Julia Ormond sues Weinstein for assault and says top CAA agents enabled him 2023-10-04T04:00:00Z In a statement, Oregon Attorney General Ellen Rosenblum said the Fox Corporation breached its fiduciary duties by disregarding the legal risks of peddling falsehoods. NYC pension funds, state of Oregon sue Fox over 2020 election coverage 2023-09-12T04:00:00Z Hartog said the trustees have a fiduciary duty to make “unproductive property productive,” and that requires selling the Stinson Beach home. Dispute over Sen. Feinstein's family fortune aired further as attorneys spar in court 2023-09-11T04:00:00Z The pension fund is asking the court to declare that Amazon and its board of directors breached their fiduciary duty and demand repayment of any profits or benefits as a result. Amazon accused of ‘funneling’ contracts to Bezos-owned Blue Origin 2023-09-01T04:00:00Z “Our number one obligation is to uphold our fiduciary duties,” the company wrote in the letter. The 122-year-old US Steel is reviewing “numerous” buyout offers 2023-08-29T04:00:00Z That 2020 state fiduciary duty rule went beyond a standard the U.S. Massachusetts court rejects Robinhood's challenge to state investment advice rule 2023-08-25T04:00:00Z He claims that his conservators, previously believed to be his adoptive parents, “flagrantly disregarded their statutory and fiduciary duties” to him during that time. Michael Oher accuses Tuohys of hiding 19 years' worth of financial records from him 2023-08-22T04:00:00Z Thus, Upper Deck, if the case proceeds, is arguing a breach of contract and fiduciary duty. 'Disney Lorcana' aims to shake up the trading card game space 2023-08-22T04:00:00Z The lawsuit accuses the Tuohys of a "gross and appalling" breach of fiduciary duty. Michael Oher, subject of The Blind Side, alleges 'adoptive parents' tricked him 2023-08-14T04:00:00Z The Brady organization argued that their fiduciary duty to the N.R.A. conflicted with their government roles. The Secret History of Gun Rights: How Lawmakers Armed the N.R.A. 2023-07-30T04:00:00Z The lawsuit alleged that the directors breached their fiduciary duties by “awarding themselves excessive and unfair compensation.” Tesla board members agree to give back over $700 million in compensation 2023-07-18T04:00:00Z When its calls were not heeded, Wildcat sued Sorrento alleging breaches of fiduciary duty and requested access to its records. Exclusive: Bonderman's Wildcat seeks to thwart $2.9 bln Consolidated Communications deal 2023-07-12T04:00:00Z By approving the payment, Twitter’s former executives and board breached their fiduciary duty, the lawsuit said. Twitter Sues Law Firm Over $90 Million Payment in Elon Musk Deal 2023-07-07T04:00:00Z The lawsuit accuses Friedberg of legal malpractice and breaching his fiduciary duty. FTX accuses ex-lawyer of aiding Bankman-Fried's fraud, silencing whistleblowers 2023-06-28T04:00:00Z “Treasurer Read and I believe that Fox’s board of directors breached its fiduciary duties by allowing Fox News to broadcast false claims that Dominion and Smartmatic rigged the 2020 presidential election,” Rosenblum said. Oregon is invested in Fox Corp. and is investigating its board over bogus election fraud claims 2023-06-06T04:00:00Z Small strongly defended the transfers as consistent with both the mission of TPMS-US and his fiduciary duty to increase its funding, which he said had been steadily declining as donations dried up. Vatican questions how priest moved $17 million meant for missionary work into investment fund 2023-05-31T04:00:00Z “The Board of Trustees remains negligent in its fiduciary duties to the institution. Our highest priority is establishing qualified leadership on the Board and in the Administration. We are not there yet.” Whittier College president resigns amid financial troubles, plunging enrollment 2023-05-12T04:00:00Z While allowing the plaintiffs to pursue their claims that Zuckerberg and several others breached their fiduciary duties to the company, Laster dismissed insider trading claims against several defendants, with the exception of Zuckerberg. Delaware judge refuses to dismiss Facebook shareholder suit over user data privacy breaches 2023-05-10T04:00:00Z But in concluding that Block directors did not breach their fiduciary duties, McCormick said she could not "presume bad faith based on the merits of the deal alone." Judge dismisses lawsuit over Block's 'terrible' purchase of Jay-Z's Tidal 2023-05-09T04:00:00Z "Secretary Galvin feels strongly in the need to apply fiduciary duty standards to financial professionals," a spokesperson said. Robinhood, securities regulators face off over Massachusetts fiduciary rule 2023-05-03T04:00:00Z “It is essential for us to work with financial institutions that are focused on free-market principles and not beholden to social goals that override their fiduciary duties.” Oklahoma the latest state to boot BlackRock, other firms over ESG investment 2023-05-03T04:00:00Z “Franklin Templeton is deeply embedded in Climate Action 100+; and we are troubled that, by focusing on the radical ESG agenda, it may be violating its fiduciary duties to shareholders in our state.” Louisiana launches ESG probe into major climate fund pushing green investments 2023-04-25T04:00:00Z "The business community is not taking the threat of a Taiwan crisis seriously enough," Gallagher said ahead of the game, warning such an attitude "verges on dereliction of fiduciary duty." US war game on Taiwan shows need for 'decisive action' to boost arms 2023-04-20T04:00:00Z Trump's suit accuses Cohen of "multiple breaches of fiduciary duty, unjust enrichment, conversion, and breaches of contract by virtue of Defendant's past service as Plaintiff's employee and attorney." Ex-prosecutor warns Trump's "vengeance" lawsuit against Michael Cohen could blow up in his face 2023-04-17T04:00:00Z Fund managers said divesting from BlackRock would breach their fiduciary duties. GOP war on ESG suffers setbacks in red states 2023-04-12T04:00:00Z At least two law firms are investigating Fox's board of directors for potential breach of fiduciary duty in connection to the Dominion and Smartmatic cases, according to the report. “Fox knew”: Shareholder sues Rupert Murdoch over Fox News’ “stolen election claims” 2023-04-12T04:00:00Z “Climate change poses a threat to the safety of our communities and the long-term value creation of the economy, and addressing its risks upholds investors’ fiduciary duty,” the statement said. Kansas passes anti-ESG bill, but it’s milder than some want 2023-04-06T04:00:00Z In 2019, the company transitioned to a “capped” for-profit company, while continuing to insist its “primary fiduciary duty is to humanity.” Column: Afraid of AI? The startups selling it want you to be 2023-03-31T04:00:00Z In 2010, he announced that he would not run for reelection after a federal judge rebuked him for breaching his fiduciary duties in an earlier stint as a bankruptcy trustee. Shasta County offers top job to secessionist leader 2023-03-16T04:00:00Z Businesses, however, can usually be put in the "money is everything" category and many make the argument that that's how it should be, fiduciary duty and all that. When spreading lies, does the motive matter? 2023-03-10T05:00:00Z Pension officials in Kentucky are opposing the state treasurer’s divestment demands, arguing that they would violate their fiduciary duty and mean higher fees. Troubles at Silicon Valley Bank Rock the Global Market 2023-03-10T05:00:00Z The only conclusion that taxpayers can reach is that the fiduciary duty expected of government officials and politicians is repeatedly ignored. Opinion | Funding to combat covid fraud is an admission of failure 2023-03-07T05:00:00Z “Any move to supplant or dilute the fiduciary duty would undercut the foundations of our economic freedom and harm the American worker.” Democrats buck party to help GOP sink Biden’s ‘retirement rip-off’ 2023-03-01T05:00:00Z Opponents warn that climate change and other political considerations warp an asset manager’s fiduciary duty to yield the highest returns on investment, most notably companies’ environmental impact, potentially imperiling retirement plans and public pensions. Fight against ‘woke’ money managers emerges as a dominant issue in American politics 2023-02-27T05:00:00Z Attorney John R. Lausch Jr. said of Lira and Girardi: “Attorneys who violate the trust of their clients and breach a fiduciary duty that is paramount to the practice of law must be held accountable.” Tom Girardi, disgraced former lawyer and L.A. power broker, indicted on fraud charges 2023-02-01T05:00:00Z “Attorneys who violate the trust of their clients and breach a fiduciary duty that is paramount to the practice of law must be held accountable.” Onetime high-flying lawyer Girardi indicted on client theft 2023-02-01T05:00:00Z The fact that states keep invoking their fiduciary duty in different ways begs another question. Politicians Want to Keep Money Out of E.S.G. Funds. Could It Backfire? 2023-01-30T05:00:00Z A landmark Delaware chancery court ruling this week could put a whole new rank of company officials in the legal firing line for breaches of fiduciary duties — not just the board. Elon Musk Goes to Washington 2023-01-27T05:00:00Z “These asset managers are violating their fiduciary duties by failing to maximize their returns and instead push a partisan political agenda,” Mr. Reyes told The Times. Fight against ‘woke’ money managers emerges as a dominant issue in American politics 2023-02-27T05:00:00Z By law, an investment adviser who has a “fiduciary duty” must act in the best interest of clients. Advice | How to prepare financially in case of a debt ceiling crash 2023-01-20T05:00:00Z The legal litmus test is fiduciary duty, which means that advisers are obligated to put the client’s best interest ahead of their own. Financial Planning for Retirement: It’s More Accessible, but Be Careful 2023-01-06T05:00:00Z The big challenge here is the differences of opinion about what constitutes an asset manager’s fiduciary duty. Politicians Want to Keep Money Out of E.S.G. Funds. Could It Backfire? 2023-01-30T05:00:00Z When it comes to breaches of fiduciary duties — like so-called “duty of oversight” — Delaware courts have typically ruled that the buck stops with the board. Elon Musk Goes to Washington 2023-01-27T05:00:00Z At issue would be whether the firms met their fiduciary duties to their own investors, they said. U.S. securities regulator probes FTX investors' due diligence -sources 2023-01-05T05:00:00Z “However, our fiduciary duty is to each of our clients. The money we manage belongs to them — not to politicians, activists, NGOs or commentators.” BlackRock’s Pitch for Socially Conscious Investing Antagonizes All Sides 2022-12-23T05:00:00Z "Given everybody's fiduciary duty, responsibilities, you're careful for this speeding up never to come at the expense of the quality of the work being done in the background." Dealmakers face pressure to clinch M&A quickly in volatile markets 2022-12-06T05:00:00Z Louisiana, citing its fiduciary duty, has taken money away from BlackRock. Politicians Want to Keep Money Out of E.S.G. Funds. Could It Backfire? 2023-01-30T05:00:00Z “But none of that creates a fiduciary duty to the public.” Supreme Court Seems Poised to Limit Public Corruption Cases 2022-11-28T05:00:00Z They argue that investors may be violating antitrust law by backing carbon reduction initiatives and have accused BlackRock, for example, of prioritizing “activism” over its fiduciary duty. Investors Cheer Leadership Shakeup at Disney 2022-11-21T05:00:00Z “They have a fiduciary duty to their shareholders,” he said. Big Tobacco Heralds a Healthier World While Fighting Its Arrival 2022-11-06T04:00:00Z In September, 16 faculty, staff and students sued the school in state court, saying the trustees placed “their personal religious beliefs above their fiduciary duties to SPU and its people.” Wash. state can investigate evangelical university’s anti-LGBTQ hiring practices, judge rules 2022-10-28T04:00:00Z North Carolina, citing its fiduciary duty, has not. Politicians Want to Keep Money Out of E.S.G. Funds. Could It Backfire? 2023-01-30T05:00:00Z At times in the deposition, Caruso seemed to be walking a tightrope between his public image of empathetic reformer and his fiduciary duties as leader of a multibillion-dollar institution embroiled in high-stakes litigation. In secret testimony, Caruso was grilled about what USC knew about disgraced gynecologist 2022-10-18T04:00:00Z “The Special Committee, consistent with its fiduciary duties and in consultation with its independent financial and legal advisors, will thoroughly evaluate a potential combination with News Corp,” the companies said in statements. Murdoch moves to reunite companies that own Fox News and the Wall Street Journal 2022-10-14T04:00:00Z “Our consideration of the risks and opportunities of a transition to a low-carbon economy is in the interest of realizing the best long-term financial results for our clients and entirely consistent with our fiduciary duty.” BlackRock strikes back against Republicans who say investment firm has gone ‘woke’ for climate 2022-10-07T04:00:00Z The court said Boyle violated his fiduciary duties and laws governing nonprofits by disposing of the fraternity’s primary asset without obtaining prior approval from members. Delta Phi Epsilon official improperly benefited from foundation, judge rules 2022-10-06T04:00:00Z District Judge Paul Friedman, who oversaw the trial, will assess damages based on jurors' separate finding that the operative, Allison Maass, intended to breach a fiduciary duty, according to the verdict form. Project Veritas loses jury verdict to Democratic consulting firm 2022-09-23T04:00:00Z “The jury effectively ruled investigative journalists owe a fiduciary duty to the subjects they are investigating and that investigative journalists may not deceive the subjects they are investigating,” said Mr. O’Keefe. Project Veritas vows to appeal after jury awards $120K to Democratic political operative 2022-09-23T04:00:00Z The 16 plaintiffs say the trustees’ stance – widely opposed on campus – is a breach of their fiduciary duties that threatens to harm SPU’s reputation, worsen enrollment difficulties and possibly jeopardize its future. Faculty, students sue Christian school over LGBTQ hiring ban 2022-09-12T04:00:00Z Additionally, Fruin determined that neither Jayne nor Girardi owed the plaintiffs any fiduciary duties, defined by the Cornell Law School as an obligation to “act in a way that will benefit someone else, usually financially.” 'Real Housewives' star Erika Jayne wins Tom Girardi fraud lawsuit 2022-09-01T04:00:00Z “It’s illegal in Indiana to put anything other than financial returns as your highest fiduciary duty, at least in terms of the public employee retirement system.” Indiana AG warns finance firms: considering climate, social issues with state pension is illegal 2022-09-01T04:00:00Z “That would violate your fiduciary duty, if you liquidated at massive losses for political reasons rather than for the best interests of the beneficiaries,” he said. Russia divestment promises by US states largely unfulfilled 2022-08-26T04:00:00Z The lawsuit seeks books and records concerning Levin's pay, to assess whether there were breaches of fiduciary duty related to mismanagement and waste, and whether Sculptor's board was truly independent. Billionaire Och sues former firm Sculptor over escalating CEO pay 2022-08-25T04:00:00Z But under fiduciary duty to protect investors' money, "you're going to take the more conservative path." Analysis: China investors hedge U.S. delisting risk with Hong Kong play 2022-08-10T04:00:00Z But it turns out that running a publicly traded company, with its attendant fiduciary duties, analyst calls and slog of quarterly earnings, is a far cry from the hustle and thrill of start-up life. The Boy Bosses of Silicon Valley Are on Their Way Out 2022-08-10T04:00:00Z "The potential losses would not be compatible with our fiduciary duty to our clients and its sale is currently not possible due to the current situation." Gold investors face bind over bars from tarnished Russia 2022-08-01T04:00:00Z The group, she said, has retained a lawyer and is preparing to bring a lawsuit against the university for breach of fiduciary duty. Seattle Pacific University sues WA attorney general, saying probe into LGBTQ+ policies violates religious freedom 2022-07-30T04:00:00Z “So, yes, you have to be very thoughtful and exercise your fiduciary duties to the corporation.” Indigenous representation lacking on U.S. corporate boards 2022-07-23T04:00:00Z Last year, she prevented energy company The Williams Cos Inc from adopting a so-called poison pill anti-takeover measure, saying it breached their fiduciary duty to shareholders. Judge in Twitter v. Musk made rare ruling: ordering a deal to close 2022-07-15T04:00:00Z The more I think about it, the angrier I get about the dumb little lectures about fiduciary duty So what are Musk’s chances? Twitter aims its most powerful weapon at Elon Musk: his own tweets 2022-07-15T04:00:00Z “In this particular situation, we expect individuals at high levels of leadership in the State Bar to take that fiduciary duty both to the bar and the profession quite seriously,” Krinsky said. State Bar files disciplinary charges against former director Joe Dunn 2022-07-08T04:00:00Z “I am excited to get on with my life and career,” Michalow said in an interview, adding that hedge funds “have a fiduciary duty to tell the truth to their investors.” DE Shaw, execs must pay $52 million to ex-money manager, arbitration panel says 2022-06-30T04:00:00Z Percoco argued that because he was managing Cuomo's campaign at the time, he was not employed by the state and thus did not owe a fiduciary duty to the public. U.S. Supreme Court to hear ex-Cuomo aide's appeal of bribery conviction 2022-06-30T04:00:00Z The lawsuit accuses the defendants -- Musk, 11 Tesla board members and the company -- of having breached their fiduciary duty by failing to address and remedy the red flags concerning internal reports of discrimination and harassment. Tesla investor sues Musk, board over accusation of workplace discrimination 2022-06-17T04:00:00Z Whenever I have asked this question, I have gotten some manner of gibberish about fiduciary duty. Twitter aims its most powerful weapon at Elon Musk: his own tweets 2022-07-15T04:00:00Z The third count alleges that when Dunn made the misleading statements as executive director of the Bar, he breached his fiduciary duties. State Bar files disciplinary charges against former director Joe Dunn 2022-07-08T04:00:00Z Chargers owner Dean Spanos has been accused of ‘misogynistic’ behavior and repeated ‘breaches of fiduciary duty’ in a petition for an existing probate case. Joey Bosa explains huge edge with Kahlil Mack lined up on other side of Chargers defense 2022-06-14T04:00:00Z “The attorneys don’t have a fiduciary duty to the Gospel,” he said. How the ‘apocalyptic’ Southern Baptist report almost didn’t happen 2022-05-27T04:00:00Z In a statement, BlackRock said it was “committed to engaging with all stakeholders to ensure they understand our investment decisions are driven by just one thing: our fiduciary duty to our clients.” How an Organized Republican Effort Punishes Companies for Climate Action 2022-05-27T04:00:00Z Man, the more I think about it, the angrier I get about the dumb little lectures about fiduciary duty. Twitter aims its most powerful weapon at Elon Musk: his own tweets 2022-07-15T04:00:00Z BlackRock's "work in this regard hardly assists us in our fiduciary duties, and in fact, runs counter to them." Sierra Club warns BlackRock it may pull $12 mln over climate stance -letter 2022-05-24T04:00:00Z “This is a problem that isn’t going to end until we can reign corporate boardrooms back in line and make sure they’re held to the fiduciary duty they were hired to uphold,” Mr. Anderson said. Corporate boards rebuff conservative shareholder activism 2022-05-20T04:00:00Z “And they don’t have a fiduciary duty to preserve the integrity of the church. What they have is a fiduciary duty to the corporate entity that retains them and to the preservation of that entity.” How the ‘apocalyptic’ Southern Baptist report almost didn’t happen 2022-05-27T04:00:00Z The lawsuit seeks to delay the merger's closing until at least 2025, declare that Twitter directors breached their fiduciary duties, and recoup legal fees and costs. Musk, Twitter are sued by shareholder over $44 bln takeover 2022-05-06T04:00:00Z At Twitter, Mr. Taylor weighed employee uncertainty and the societal implications of a deal versus the board’s fiduciary duty, people with knowledge of the situation said. How Twitter’s Board Went From Fighting Elon Musk to Accepting Him 2022-04-30T04:00:00Z And the fiduciary duty of the board of directors for a publicly traded company is to generate a return for its investors. EXPLAINER: What Twitter could do as privately held company 2022-04-27T04:00:00Z Politicians also recommended that the Insolvency Service should consider whether Mr Gupta has breached his fiduciary duties as a company director. Sanjeev Gupta's Liberty Steel offices raided 2022-04-27T04:00:00Z “I’m saying the motion that says for us to violate our fiduciary duties would not be legal,” he said. How the ‘apocalyptic’ Southern Baptist report almost didn’t happen 2022-05-27T04:00:00Z The company, Casa Mexico, filed a civil lawsuit in December against the woman and another former executive, accusing them of breach of fiduciary duty and breach of contract. Column: Oscar De La Hoya is back on the defensive following latest sex scandal 2022-04-26T04:00:00Z "So we're gonna be looking at ways that the state of Florida, potentially, can be holding this Twitter board of directors accountable for breaching their fiduciary duty," the governor said. "Authoritarian socialist": Democratic governor slams Ron DeSantis' Disney stunt 2022-04-22T04:00:00Z Analysts noted that Twitter’s board has a fiduciary duty to review the offers on the table, and consider if any are in the best interests of shareholders. Elon Musk signals with $46.5 billion he’s serious about buying Twitter 2022-04-21T04:00:00Z “If the current Twitter board takes actions contrary to shareholder interests, they would be breaching their fiduciary duty. The liability they would thereby assume would be titanic in scale,” he wrote — ironically, on Twitter. Ron DeSantis boosts Elon Musk in Twitter takeover bid 2022-04-19T04:00:00Z They are only punishing firms, they say, for putting “woke” ideology ahead of corporate profits and their fiduciary duty to shareholders. Opinion | Corporate America somehow became the last firewall for abortion rights 2022-04-18T04:00:00Z And poison pills could also be evaded if the acquirer or the shareholders sue the company for violating its fiduciary duties. What Is a ‘Poison Pill’ Defense? 2022-04-15T04:00:00Z “If the current Twitter board takes actions contrary to shareholder interests, they would be breaching their fiduciary duty,” Musk tweeted. EXPLAINER: What Twitter’s ‘poison pill’ is supposed to do 2022-04-15T04:00:00Z In short, he’s allowed to keep complaining about Twitter on Twitter, which may have conflicted with his fiduciary duties as a board member. What is going on with Elon Musk and Twitter? 2022-04-11T04:00:00Z TPR cautioned in recent guidance, however, that pension funds have a fiduciary duty to their members - to do the best for them they can financially. Analysis: Locked Russian assets add to war woes for British pension funds 2022-03-28T04:00:00Z It seems possible, even likely, that whoever leaked the information had a legal or fiduciary duty to keep it confidential. Opinion | Mainstream media have failed to notice their own disinformation issue 2022-03-27T04:00:00Z This can lead to concerns about the broker’s fiduciary duty — the legal requirement to act in the beneficiary’s best interests. Funding the fight: How litigation brokers help level the legal playing field | Provided by Tribeca Lawsuit Loans 2022-03-16T04:00:00Z “Unrealistic calls for immediate divestment will not divorce us from our fiduciary duty to protect the retirement income security of California state employees and teachers,” she said in a statement. California Gov. Newsom wasn't first to call for sanctions on Russia. But it was the right move 2022-03-03T05:00:00Z The lawsuit says that under Massachusetts law, it is a breach of fiduciary duty and an invasion of privacy for a health care provider to disclose confidential medical information without consent. After Sexual Harassment Lawsuit, Critics Attack Harvard’s Release of Therapy Records 2022-02-15T05:00:00Z A federal judge on Thursday dismissed investors' claims of negligence and breach of fiduciary duty. Explainer: The regulatory and legal headwinds facing Robinhood 2022-01-28T05:00:00Z Most workplace retirement plans are covered under the Employee Retirement Income Security Act, which imposes a fiduciary duty on the people and companies overseeing the plans. Liz Weston: Why a 401(k)-to-IRA rollover could be a mistake 2021-12-20T05:00:00Z Tesla investor David Wagner called for access to internal documents to investigate whether Tesla and Musk violated an agreement with the U.S. securities regulator and its board members failed to adhere to their fiduciary duties. Tesla faces investor lawsuit over Musk tweets on 10% stock sales 2021-12-17T05:00:00Z Read and Rosenblum cited concerns about health and safety and said the boards of directors had neglected their fiduciary duties. Oregon resists dropping investments in oil, private spying 2021-11-23T05:00:00Z Because of a confidentiality agreement, the university claims in its response that Lamb breached his contract and fiduciary duties to the school and has defamed the school. Liberty responds to ex-spokesman’s suit, seeks gag order 2021-11-11T05:00:00Z Another member, Mike Keahbone of Oklahoma, countered that the committee also had a “spiritual fiduciary duty.” Southern Baptist panel to open legal records for abuse probe 2021-10-05T04:00:00Z Although I had deep moral qualms about representing some of these companies, I also had a fiduciary duty to do so. Opinion | Betraying the Victims of the Opioid Crisis 2021-09-11T04:00:00Z It also argued Powell’s other claims of breach of contract and breach of fiduciary duty misinterpret the law. Former women’s hoops player added to suit against Seton Hall 2021-08-19T04:00:00Z It also argued Powell’s other claims of breach of contract and breach of fiduciary duty misinterpret the law, and that Powell misidentified Testa in the lawsuit as a medical doctor when he is not one. Seton Hall files to dismiss player’s suit over knee injury 2021-08-12T04:00:00Z The lawsuit demanding at least $10 million alleged that Falwell breached fiduciary duties to the school and entered into a business conspiracy against it. Judge upholds Liberty University’s suit against Falwell 2021-07-31T04:00:00Z The four-count civil suit charges the defendants with negligence, breach of contract and breach of fiduciary duty causing severe and permanent injury including physical pain, emotional distress and monetary damages. Guard Myles Powell sues Seton Hall, staff for bad diagnosis 2021-07-15T04:00:00Z The long-running shareholder lawsuit asserts that Musk, who was SolarCity’s largest stakeholder and its chairman, and other Tesla directors breached their fiduciary duties in bowing to Musk’s wishes and agreeing to buy the company. Musk clashes again with opposing lawyer in SolarCity lawsuit 2021-07-13T04:00:00Z Seven shareholder lawsuits, consolidated into one, alleged that Tesla directors breached their fiduciary duties in bowing to Musk’s wishes and agreeing to buy the struggling company. Musk under fire again: CEO to testify over Tesla acquisition 2021-07-11T04:00:00Z “There is a false choice between whether the police department should be reformed and whether or not I should execute my fiduciary duties,” she said. While vowing police reform, a majority-Black county has spent $17.6 million fighting officers who allege racism 2021-06-28T04:00:00Z This echoed criticism from Mr Chapman, who quit two days earlier saying he had "not received the support or financial information to carry out the fiduciary duties of National Treasurer". Sturgeon has 'no concern' over SNP finances despite row 2021-06-03T04:00:00Z You need to know the risk and that’s a fiduciary duty too,” she added. Analysis: Planned global tax raid catches ethical investor zeitgeist 2021-06-02T04:00:00Z The trial, which began Monday, marks the culmination of seven shareholder lawsuits, consolidated into one, that alleged that Tesla directors breached their fiduciary duties in bowing to Musk’s wishes and agreeing to buy SolarCity. Musk clashes again with opposing lawyer in SolarCity lawsuit 2021-07-13T04:00:00Z Canadian pensions face pressure to balance a mandate to be environmentally responsible with their fiduciary duty to maximise returns. Canada's top pension funds boost investments in high-carbon oil sands 2021-05-26T04:00:00Z “Poor leadership and weak financial performance are not a recipe for success in the public markets. Stockholders deserve a Board that is committed to honoring its fiduciary duties and focusing on value creation.” The founder of lidar maker Velodyne is going to war with his own SPAC 2021-05-25T04:00:00Z Inside the Met, ultimate fiduciary duty is theirs. Review: How will the Met respond to a changed world? If only this PBS doc would ask 2021-05-20T04:00:00Z Kodak views legal precedents as requiring a breach of fiduciary duty to prove insider trading, which can’t exist without intent or knowledge of wrongdoing on the trader’s part. Eastman Kodak says New York preparing insider-trading lawsuit 2021-05-17T04:00:00Z The judge wrote that the lawyers’ actions raised concerns that the group couldn’t fulfill its fiduciary duty, which he said might lead him to appoint a trustee to oversee it. EXPLAINER: With bankruptcy tossed, what’s next for the NRA? 2021-05-12T04:00:00Z Great Western countersued, alleging mismanagement, breach of fiduciary duty and negligence. How a scrappy Chicano from L.A. came to own a Scottish castle 2021-04-19T04:00:00Z Further, the suit alleged: “Falwell Jr.'s actions in breaching the fiduciary duty he owed to Liberty were willful and wanton and disregarded the rights of Liberty.” Liberty University sues ex-president Jerry Falwell Jr., alleging breach of contract and cover-up of scandal 2021-04-16T04:00:00Z The suit, which was filed on Thursday and asks for more than $40 million in damages, alleges breach of contract and fiduciary duty. Liberty University Sues Jerry Falwell Jr., Alleging Deception 2021-04-16T04:00:00Z The outlet reported that the civil suit alleges Falwell committed a breach of contract, breach of fiduciary duty and statutory conspiracy. Liberty University sues Jerry Falwell Jr. over sex scandal, seeks millions in damages 2021-04-16T04:00:00Z It alleges breach of contract, breach of fiduciary duty and statutory conspiracy. Liberty sues Jerry Falwell Jr., seeking millions in damages 2021-04-16T04:00:00Z The suit, which is attempting to override Airbnb’s arbitration terms, accuses the company of breaching its contract and fiduciary duty and violating consumer protection laws. Airbnb Is Driving Hosts Elsewhere With Costly Pandemic Policies 2021-02-21T05:00:00Z Erlichman told the newspaper Wednesday that diversion is probably appropriate considering the mayor did not commit an act of violence, pilfer public funds or abrogate her fiduciary duties. Kansas mayor accused of perjury gets diversion agreement 2021-02-03T05:00:00Z “The board of directors has a fiduciary duty to maximize profits.” Special Report-How oil majors shift billions in profits to island tax havens 2020-12-09T05:00:00Z The document, filed in a state court in California, accused Netflix of unfair competition, intentional interference with an employee contract as well as aiding and abetting breach of fiduciary duty. Activision sues Netflix over poaching of former finance chief 2020-12-04T05:00:00Z The lawsuit brought by the Employees' Retirement System of Rhode Island also accuses Silbermann of “abdicating his fiduciary duties” by allegedly ignoring discrimination. Analysis | The Technology 202: ACLU sues DHS over purchase of cellphone location data used to track immigrants 2020-12-02T05:00:00Z She said the insurance company has a separate legal, contractual and fiduciary duty to C.P. and others in the health plans it administers, to comply with anti-discrimination law. Lawsuit: Transgender teen’s health insurance violated ACA 2020-12-02T05:00:00Z The suit claims Pinterest executives and board members breached their fiduciary duty by failing to respond to allegations of workplace discrimination. Pinterest shareholders sue over ‘toxic’ work culture 2020-12-01T05:00:00Z An SEC spokesperson said its rules enhance transparency and the “fiduciary duties and disclosure obligations owed to shareholders” without materially changing their ability to access proxy advice or get proposals on the ballot. Analysis: Sustainable investing advocates hope for friendlier U.S. rules if Biden wins 2020-11-02T05:00:00Z Many reflect upon financial issues, asserting that “the BMA did not sufficiently exercise its fiduciary duty in valuation of the work and seeking competition to maximize the sale proceeds.” Searing letter demands a halt to the sale of Baltimore Museum of Art paintings 2020-10-15T04:00:00Z It alleges fraud, conspiracy and violations of fiduciary duties. President Trump’s niece sues him, other relatives, alleging they cheated her out of millions in inheritance 2020-09-24T04:00:00Z But some governance specialists say such deals can raise concern about conflicts of interest or potential breaches of fiduciary duty. How Jerry Falwell Jr mixed his personal finances with his university's 2020-09-04T04:00:00Z If it is proved that Mr. LaPierre and the other three executives violated their fiduciary duties, Ms. James is right in wanting them to make restitution and be banned from any nonprofit boards. Opinion | How did Caribbean yacht vacations promote the Second Amendment? We may find out in court. 2020-08-07T04:00:00Z In Germany, wasting corporate funds is legally a breach of fiduciary duty. German court opens proceedings against VW over excessive labour pay 2020-07-28T04:00:00Z The “best interest” rule sounds similar to the traditional gold-standard obligation that certain other financial professionals must meet: fiduciary duty, which typically means working solely in the interest of the client. Financial Brokers Must Now Act in Your ‘Best Interest.’ What Does That Mean? 2020-07-16T04:00:00Z What do you see as your role as a director on the board of Live Nation, beyond the basic fiduciary duties? LeBron James’s Business Partner Now Wants to Get Out the Vote 2020-06-19T04:00:00Z The lawsuit seeks damages for negligence, breach of fiduciary duty, and breach of contract, and a declaration that the teams and the leagues are vicariously liable for abuse perpetrated by their employees and players. Carcillo leading lawsuit against Canadian Hockey League 2020-06-18T04:00:00Z “Following today’s news we will continue to fulfill our fiduciary duty to investors: we are analyzing the situation and are considering legal action,” it said. Wirecard investor DWS says has sold down position, considering legal action 2020-06-18T04:00:00Z Two former Volkswagen management board members as well as the current and former manager in charge of personnel are being probed for potential breach of their fiduciary duties, the Braunschweig court said in a statement. German court opens proceedings against VW over excessive labour pay 2020-07-28T04:00:00Z Under that law, fiduciary duty is triggered when an investment professional meets five conditions, including providing individual advice on a regular basis. Financial Brokers Must Now Act in Your ‘Best Interest.’ What Does That Mean? 2020-07-16T04:00:00Z The administration’s lawsuit alleges that Bolton, if the book is published next week, will be in breach of his nondisclosure agreements and fiduciary duties to the United States. Opinion | Why Trump’s lawsuit against John Bolton will fail 2020-06-17T04:00:00Z The group’s members — banks, insurers, hedge funds and other financial entities — say debt forgiveness is complicated by their fiduciary duties to their clients. Poor Countries Face a Debt Crisis ‘Unlike Anything We Have Seen’ 2020-06-01T04:00:00Z At least one Tesla stockholder, Richard Tornetta, claims that Musk's compensation is excessive and is suing the company by alleging that the board breached its fiduciary duty by awarding it to him. Billionaire CEO Elon Musk gets a nine-figure payout as economy sputters 2020-05-29T04:00:00Z Instead, the complaint focuses on federal securities law, arguing that Facebook’s failure to tell shareholders about the extent of illegal activity on its platform is a violation of its fiduciary duty. Whistleblowers say Facebook has not warned investors about illegal activity, in new SEC complaint 2020-05-27T04:00:00Z In the run-up to Tuesday’s event, leading shareholder advisory firm ISS backed a motion to support the actions of the management and supervisory board, seeing no evidence that fiduciary duties were breached in 2019. Bayer faces second investor reckoning over glyphosate litigation 2020-04-28T04:00:00Z This, combined with relative opacity — the loans are negotiated in private or purchased through intermediary platforms — mean there is more room for abuse of fiduciary duties to investors, market analysts said. Exclusive: U.S. SEC steps up scrutiny of private debt 'financial games' 2020-03-11T04:00:00Z That judgment was overturned on appeal, but the Dumont case is still discussed among the risks that trustees face in not properly performing their fiduciary duty. The Flaw in Warren Buffett’s Estate Plan 2020-02-28T05:00:00Z “The board’s fiduciary duty is to maintain the building to the benefit of everyone,” she said. Why are my condo fees so high? 2020-02-19T05:00:00Z The lawsuit contends the town and the school board were negligent, created a public nuisance and breached their fiduciary duty. Student sues school system over trauma reminders 2020-02-20T05:00:00Z A similar letter from the MCA to a broader range of investors, sent in January and seen by Reuters, removed the reference to fiduciary duties. Fires and climate fears rattle Australia's giant coal lobby 2020-02-19T05:00:00Z The lawsuit seeks damages of $4 million negligence and breach of fiduciary duty. Casino developer sues Illinois gaming board over data breach 2020-02-12T05:00:00Z “With individuals, there’s no more where that came from. And attorneys general are vigilant overseers of charitable funds. The best advice is: Be vigilant about performing your fiduciary duty.” The Flaw in Warren Buffett’s Estate Plan 2020-02-28T05:00:00Z Tesla shareholders have alleged Musk breached his fiduciary duties, squandered Tesla’s assets and unjustly enriched himself by pushing to buy the money-losing solar company in which he was the biggest investor. Tesla directors settle, isolating Musk as SolarCity trial looms 2020-01-30T05:00:00Z “There’s something like a fiduciary duty to the nation. That duty is really more than just, ‘Don’t break the law.'” Crime required for impeachment? Not so, say legal experts 2020-01-22T05:00:00Z But in a statement late Sunday, Kaeser said that “there is practically no legally and economically responsible way to unwind the contract without neglecting fiduciary duties.” Germany’s Siemens to fulfill Australia coal mine contract 2020-01-13T05:00:00Z All of this reluctance relates to that fiduciary duty requirement. How to Get Socially Conscious Funds Into Your 401(k) 2020-01-10T05:00:00Z Vara says this is “entirely contrary to the Debtor’s fiduciary duty of maintaining open and honest disclosure with the Court and creditors in this case.” DOJ intervenes in Faraday Future founder’s bankruptcy after "dishonest behavior" 2019-12-18T05:00:00Z However, the company was able to avoid claims it breached any fiduciary duties. Bill Nye allowed to take Disney to trial over profits from 'Science Guy' show 2019-12-05T05:00:00Z Instead of a ban, Harris argues for extending the fiduciary duty of doctors, lawyers, and other professions to include Internet companies, legally binding them to act exclusively in accordance with their clients’ well-being. Big Tech’s Big Defector 2019-11-25T05:00:00Z New York Supreme Court Justice Saliann Scarpulla said Thursday that Trump “breached his fiduciary duty” by using the charitable foundation for his campaign and business. After admitting to misusing charity money in court, President Trump claims that he is the victim 2019-11-08T05:00:00Z Mr. Trump owed fiduciary duties to the Foundation,’ Scarpulla wrote in the order, meaning duties to safeguard the foundation’s money. Hipsters, Henry, hogs and how to lose an election 2019-11-08T05:00:00Z In a proposed class action filed this week in San Francisco Superior Court, former WeWork employee Natalie Sojka accused the company’s board of directors of breaching its fiduciary duties to minority shareholders like her. WeWork, ex-CEO Neumann, Softbank sued over botched IPO, plummeting value 2019-11-08T05:00:00Z “Mr. Trump breached his fiduciary duty to the Foundation.” Trump ordered to pay $2 million to charities over misuse of foundation, court documents say 2019-11-07T05:00:00Z Mr Trump "breached his fiduciary duty" by allowing funds raised for US veterans to be used for the Iowa primary election in 2016, she said in the settlement. Judge orders Trump to pay $2m for charity misuse 2019-11-07T05:00:00Z In stealing the wages, Trump violated his duty of loyalty, also known as fiduciary duty, to the workers and to a union. How Trump will try to derail impeachment 2019-11-04T05:00:00Z ‘Mr. Trump breached his fiduciary duty to the Foundation.’ Hipsters, Henry, hogs and how to lose an election 2019-11-08T05:00:00Z Still, it was their fiduciary duty to maximize the value of the company, Mr. Sussberg said, which meant “keeping jobs and stores open, viable, available for employees, for landlords, for trade vendors.” Barneys Is Sold for Scrap, Ending an Era 2019-11-01T04:00:00Z “Mr. Trump owed fiduciary duties to the Foundation,” Scarpulla wrote in the order, meaning duties to safeguard the foundation’s money. Trump ordered to pay $2 million to charities over misuse of foundation, court documents say 2019-11-07T05:00:00Z The report also concluded that both Kiesel and Paradis repeatedly “violated their ethical and fiduciary duties” to the city of Los Angeles. Reeling from DWP scandal, L.A. City Atty. Feuer tightens oversight of outside contracts 2019-10-25T04:00:00Z Of course, Facebook’s fiduciary duty rests with its shareholders, not with the public. The Problem of Political Advertising on Social Media 2019-10-24T04:00:00Z “We just wanted him to make a good-faith effort. I was just fulfilling my fiduciary duty to try to collect for my investors.” How a Legal Battle in the Digital Age Can Go Terribly Wrong 2019-10-11T04:00:00Z Wherever he was, whatever his title, the president has used the powers at his disposal to enrich or otherwise benefit himself, regardless of what law, fiduciary duty or oath of office bound him to do. Opinion | What drives Donald Trump? Greed, and greed alone. 2019-09-26T04:00:00Z The lawsuit alleges that Musk and Tesla’s board of directors breached their fiduciary duties to the company and its stockholders, granting unjust enrichment to Musk and wasting corporate assets. Judge refuses to toss lawsuit challenging Musk pay package 2019-09-23T04:00:00Z As a result, the board must now defend against allegations that it breached its fiduciary duty in approving the package, and that the package unfairly enriches Tesla’s CEO. Delaware judge says Telsa board must face trial over Musk's mega-pay package 2019-09-20T04:00:00Z “We have a fiduciary duty that needs to be urgently addressed, with you and if you wish, Mr. Brewer,” the three wrote in their letter, the contents of which were described to The Post. How a hard-charging lawyer helped fuel a civil war inside the NRA 2019-09-18T04:00:00Z Late last month, the Guild filed a sweeping complaint in federal court accusing the three biggest agencies with fraud, price-fixing, restraint of trade, racketeering and violating their fiduciary duty to clients. Perspective | Big agencies and studios have a lock on Hollywood. It’s high time to apply antitrust law. 2019-09-06T04:00:00Z And these directors in turn owe fiduciary duties of care and loyalty to the corporation and its stockholders — no one else. Companies don’t need permission from the Business Roundtable to be better corporate citizens 2019-09-02T04:00:00Z In a ruling Friday, the judge refused to dismiss the breach of fiduciary duty claims against Tesla and Musk, and an unjust enrichment claim against Musk. Judge refuses to toss lawsuit challenging Musk pay package 2019-09-23T04:00:00Z Falwell has “tried to be a business mentor” to Crosswhite, the university statement said, but that effort did not “cause him to abandon his fiduciary duties” to Liberty. Exclusive: Falwell steered Liberty University land deal benefiting... 2019-08-27T04:00:00Z In a statement, the CVM said it is investigating whether the company’s management fulfilled its “fiduciary duties” to shareholders related to the disaster. Brazil's securities regulator CVM opens investigation into Vale... 2019-08-19T04:00:00Z "In the US there is this question mark about how you should be dealing with environmental, social and corporate governance as a fiduciary duty. That is not helpful," says Ms Pfeifer. Can big investors save the world? 2019-08-17T04:00:00Z “To shut off that market for soft political reasons would probably come close to a breach of fiduciary duty.” Teachers, firefighters from California to New Jersey seek Chinese tech riches 2019-08-07T04:00:00Z The city and others also breached their fiduciary duties to Jones, according to the claim, “unjustly enriching themselves” at his expense. L.A. hit with another legal claim in DWP case, with claims of 'wrongful acts and omissions' 2019-07-31T04:00:00Z The Tribune Litigation Trust, which represents the unsecured creditors, filed a fraudulent conveyance lawsuit to recover losses, alleging the leveraged buyout was a breach of fiduciary duties by “virtually every participant” in the transaction. Ten years after Tribune Co. 'deal from hell,' Sam Zell and other former execs agree to pay $200M to settle leveraged buyout lawsuit 2019-06-14T04:00:00Z “The diocesan defendants purportedly violated their corresponding fiduciary duty to warn her about Father Bodziak’s past as a child predator,” Kunselman wrote. New court ruling may help older clergy abuse claims proceed 2019-06-12T04:00:00Z In addition to the mass firing, the Writers Guild has sued Hollywood’s four biggest agencies, claiming that packaging fees are a violation of an agency’s fiduciary duty to its clients. Hollywood Writers Attempt Life Without Agents 2019-06-06T04:00:00Z “And if he’s giving investment advice, he should have a fiduciary duty to his client — nothing less.’ SEC says securities brokers must act in clients’ interest. Is it an improvement? 2019-06-05T04:00:00Z The filing lists damages of over $25,000 and includes accusations of unjust enrichment, breach of fiduciary duty, emotional distress and more. L.A. hit with another legal claim in DWP case, with claims of 'wrongful acts and omissions' 2019-07-31T04:00:00Z The stricter fiduciary duty rule required all financial professionals - not just registered investment advisers - to act as trustees obligated to put their clients’ interests before their own. SEC moving to require brokers to reveal conflicts for advice 2019-06-05T04:00:00Z The stricter fiduciary duty rule required all financial professionals — not just registered investment advisers — to act as trustees obligated to put their clients’ interests before their own. SEC moving to require brokers to reveal conflicts for advice 2019-06-05T04:00:00Z “Creating value should be the main preoccupation of any self-respecting board, if only as a matter of fiduciary duty,” he added. Nissan earnings slide fuels Renault deal pressure 2019-05-14T04:00:00Z Eichenberg sits on the board of the pension fund for state and local government workers and alleges that executive director Wayne Probst violated his fiduciary duty by accepting raises without approval of the full board. Accusations, mistrust roil New Mexico pension fund 2019-05-03T04:00:00Z The lawsuit claims the agencies’ use of such fees violates the state’s fiduciary duty law by pitting the interests of agencies against those of their clients. WGA sues four main talent agencies over packaging fee dispute 2019-04-17T04:00:00Z In the writers’ view, the agents are not fulfilling their legally bound fiduciary duties. What to Know About the Fight Between Hollywood’s Writers and Agents 2019-04-14T04:00:00Z “Nonetheless, a failure to follow best practices is not necessarily a breach of fiduciary duty.” Uber's Kalanick, directors win dismissal of investor lawsuit 2019-04-01T04:00:00Z Musero is alleging that CAA breached its fiduciary duty to him by marginalizing him and prioritizing more lucrative clients at his expense. CAA sued by writer who claims agency stole TV pilot idea 2019-03-28T04:00:00Z The shareholder lawsuit accuses Google of breaching its fiduciary duty, abuse of power, unjust enrichment, and corporate waste. Google confirms it agreed to pay $135 million to two execs accused of sexual harassment 2019-03-11T04:00:00Z A group of doctors from a competing surgical center sued the institute’s founders for breach of fiduciary duty, conspiracy, defamation, slander and tortious interference. Tampa medical institute shuts down, lays off 500 nationwide 2019-03-04T05:00:00Z Cook’s lawsuit reportedly alleges breach of contract, breach of fiduciary duty, fraud, intentional concealment of material facts and unjust enrichment. 'Criminal Minds' star suing former manager who failed to disclose sexual misconduct allegations 2019-02-13T05:00:00Z The board’s “intention to file a voluntary, costly, and unnecessary bankruptcy, ... in our view, violates their fiduciary duties to the Company and to you,” the hedge fund said in its letter. Exclusive: Hedge fund prepares proxy fight to oust board at... 2019-01-24T05:00:00Z Schnatter also sued the board in August for breaching its fiduciary duties and causing what he said was “irreparable harm” to the company. Delaware judge orders Papa John's to turn over documents to founder 2019-01-15T05:00:00Z “By failing to disclose the scheme to purchase and foreclose on the Mortgage through Indian Land, Member A breached the fiduciary duties he owed to Fonville,” the counterclaim said. Old land deal quietly haunts Mick Mulvaney as he serves as Trump’s chief of staff 2019-01-14T05:00:00Z The suit, brought by James Martin, an Alphabet investor, said Alphabet’s current board directors and other current and former senior executives had breached their fiduciary duties by covering up the harassment claims. Board Sued Over Google’s Exit Package for Accused Executive 2019-01-11T05:00:00Z By forcing them to sign non-compete agreements in exchange as part of their exit deals, the thinking went, Alphabet was acting in its fiduciary duty to shareholders. Shareholder lawsuits over sexual harassment are putting Google executives on the defensive 2019-01-11T05:00:00Z The charges include breach of fiduciary duty, unjust enrichment, abuse of power, and corporate waste. Google shareholder sues company board, senior managers for allegedly covering up sexual misconduct 2019-01-10T05:00:00Z When doctors practice medicine, fiduciary duty requires them to act in their patients’ best interest, which includes protecting their information. Perspective | Suicide prediction technology is revolutionary. It badly needs oversight. 2018-12-20T05:00:00Z Courts have rejected two lawsuits claiming GE breached its fiduciary duty when in 2015 it started ending health plans that supplemented Medicare for nearly 200,000 retirees and their dependents. Retirees thought GE would take care of them. Then it didn't 2018-12-21T05:00:00Z The Northern California Pipe Trades Pension Plan and a pension fund for a local Teamsters group claim a breach of fiduciary duty, unjust enrichment and corporate waste. Board Sued Over Google’s Exit Package for Accused Executive 2019-01-11T05:00:00Z Plantronics added in its statement that Logitech approached it regarding a potential acquisition, and that it engaged in discussions in line with its fiduciary duties. Logitech ends negotiations to acquire Plantronics 2018-11-25T05:00:00Z Employees of the startup filed suit against Evergrande in Los Angeles County Superior Court, claiming the Chinese conglomerate committed “breaches” of its fiduciary duties as well as “other illegal conduct.” Faraday Future employees sue investor over "conspiracy" to destroy the EV startup 2018-11-14T05:00:00Z The Guardian sought unspecified damages for what the suit claimed was a breach of fiduciary duty and a breach of contract, deceit and misrepresentation, court papers show. The Guardian and Ad-Tech Vendor Rubicon Project Settle Legal Dispute 2018-10-12T04:00:00Z Buckingham is suing his former bandmates for breach of fiduciary duty, breach of oral contract and intentional interference with prospective economic advantage, among other charges. Lindsey Buckingham sues Fleetwood Mac 2018-10-12T04:00:00Z Third Point said it needs to see Campbell documents to determine whether board directors or employees violated their fiduciary duty. Exclusive: Third Point demands Campbell Soup board records 2018-10-04T04:00:00Z As a board member, Mr. Boies assumed a fiduciary duty to shareholders. David Boies Pleads Not Guilty 2018-09-21T04:00:00Z The Democrat said in a statement Monday his administration will pursue a regulation to impose a fiduciary duty on broker-dealers. Murphy unveils fiduciary duty for NJ’s investment brokers 2018-09-17T04:00:00Z American corporate law provides that boards of directors are chosen solely by shareholders, to whom the directors owe an exclusive fiduciary duty to maximize shareholder value. Opinion | Elizabeth Warren’s Corporate Illogic 2018-09-11T04:00:00Z "This should complement the primary fiduciary duty of each fund which is to invest for the benefit of over 300,000 members of the local government pension scheme in Wales." 'Shocking' council fracking investments 2018-09-03T04:00:00Z “BlackRock’s approach to investment stewardship is driven by our fiduciary duties to our clients, the asset owners,” a BlackRock spokeswoman said in an emailed statement. BlackRock voted to replace Tesla's Musk with independent board chair 2018-08-30T04:00:00Z But what if the stock you traded wasn’t from a company to whom you owed a fiduciary duty? Accusations of insider trading have brought down Rep. Chris Collins. But what is it, exactly? 2018-08-16T04:00:00Z But in our system there is no sanction for breach of directors’ fiduciary duties other than through this type of litigation. Dealpolitik: For Facebook and Zuckerberg, Avoiding Testimony in Share Case Could Cost $20 Million an Hour 2018-08-07T04:00:00Z She believes that corporate boards should owe fiduciary duties to all these other “stakeholder” groups. Opinion | Elizabeth Warren’s Corporate Illogic 2018-09-11T04:00:00Z ITT’s bankruptcy trustee filed a $250 million lawsuit last month against the former CEO and eight former directors, alleging that breaches of fiduciary duty and lapses in oversight led to ITT’s downfall. Ex-ITT executives agree to settlements with SEC 2018-07-09T04:00:00Z The suit accuses Jan Aldrin of a breach of fiduciary duty. Buzz Aldrin is suing his children. They say they are trying to protect the legendary astronaut. 2018-06-27T04:00:00Z The suit also accused his daughter Janice of conspiracy and breach of fiduciary duty. Buzz Aldrin Fights Family For Control of His Space Legacy 2018-06-25T04:00:00Z Some cite a Supreme Court ruling of 2016 that says the federal government owes a “fiduciary duty” to Métis people. What does it mean to be Métis? 2018-06-21T04:00:00Z These boards’ sole fiduciary duty is to maximize wages and benefits for members of the bargaining unit, as they see it. Opinion | Elizabeth Warren’s Corporate Illogic 2018-09-11T04:00:00Z After the settlement, Mr. Deason dropped portions of a lawsuit against Xerox and its directors, but continued to pursue claims against Fujifilm that it aided and abetted breaches of fiduciary duties by Xerox directors. Fujifilm Sues Xerox for More Than $1 Billion After Canceled Merger 2018-06-18T04:00:00Z The firm is suing Mr Tinkler to court for "breach of contract and breach of fiduciary duty", it said. Dogfight for control at airport owner 2018-06-14T04:00:00Z The corporate world offers a parallel to trustees’ abdication of their fiduciary duties. University Boardrooms Need Reform 2018-06-10T04:00:00Z However well-intentioned lawyers might be, he said, they still have "a fiduciary duty to their client, which means ultimately the client is in control." Crisis of faith: Evangelical Christians struggle with their own #MeToo moment 2018-06-06T04:00:00Z Placing the president under a traditionally defined fiduciary duty would purport to constrain the pardon power in every case, by demanding that the president act with reasonable care and disinterested motives. Pardon Me, Said the President to Himself 2018-06-05T04:00:00Z Among his other claims are fraud, unjust enrichment, breach of fiduciary duty, breach of contract and unlawful business practices. Former pitcher Joe Sambito sues agency he worked for 2018-05-31T04:00:00Z He added, “Our directors, though, of course, are aware of their fiduciary duties on behalf of all shareholders.” As Disney Moves Forward With Fox, Comcast Continues Plotting 2018-05-20T04:00:00Z The deal was approved by the state attorney general but her office is still reviewing whether Mount Ida trustees violated their fiduciary duties. Sale of Mount Ida College to UMass formally closes 2018-05-17T04:00:00Z The council was created as part of a settlement with a shareholder who accused the company of breaching fiduciary duty by failing to address the “hostile work environment” at Fox News. Fox News, 21st Century Fox Settle Discrimination Suits With 18 Ex-Employees 2018-05-15T04:00:00Z The office, however, says its review of the transaction is not complete because it is still investigating whether Mount Ida trustees violated their fiduciary duties in addressing the schools tenuous financial situation. Attorney general clears sale of Mount Ida to UMass 2018-05-15T04:00:00Z The company says it filed the suit to prevent National Amusements, media mogul Sumner Redstone and his daughter Shari “from breaching their fiduciary duties and harming the Company and its public stockholders.” CBS Goes on Attack Against Redstones, Suing Controlling Shareholder for Breaching Fiduciary Duty 2018-05-14T04:00:00Z "It’s time for business leaders to step up and fulfill not only their fiduciary duty to shareholders, but also their moral duty to society to treat every worker equally." Why prospects are slowly looking better for moms and dads who are hourly workers 2018-05-10T04:00:00Z "But to sit back and say that we have done enough, that there's nothing else we can do, I believe would be a breach of our fiduciary duty," he added. CalSTRS to pressure retailers to stop selling assault weapons banned by California 2018-05-09T04:00:00Z “In addition, our directors, though, of course are aware of their fiduciary duties on behalf of all shareholders.” 21st Century Fox Revenue Falls Without Super Bowl Boost 2018-05-09T04:00:00Z But he added that the directors were “aware of their fiduciary duties to all shareholders”. Fox plans merge with Disney to take control of Sky – with challenge from Comcast 2018-05-09T04:00:00Z Xerox disputed the court's findings that the board breached fiduciary duties in approving the deal. State Street executive faces federal fraud charges 2018-05-04T04:00:00Z Xerox board members “were once again intentionally violating their fiduciary duties to Xerox shareholders by pursuing their own brazen self-interest,” they said in a news release. Xerox Executives Stay Put as Settlement With Carl Icahn Expires 2018-05-04T04:00:00Z The company added, “In furtherance of its fiduciary duty, the board selected the bid that offered, with certainty, the most overall value.” Weinstein Company Declares a Winner in Its Bankruptcy Sale 2018-05-02T04:00:00Z And local unions once sued have a fiduciary duty to defend themselves. Union leader faces members' protest over sexual misconduct claims 2018-04-22T04:00:00Z Lyft sued him for breaching a confidentiality agreement and fiduciary duty. Electric Scooters Are Causing Havoc. This Man Is Shrugging It Off. 2018-04-20T04:00:00Z In what could be a preview of legal challenges, the environmental group argued that the board lacked adequate information "to exercise their fiduciary duty in a lawful manner." Another twist in road to delta tunnels 2018-04-07T04:00:00Z The suit claims that the executives and board of directors failed to stop the data breach or tell users about it when it happened, and therefore violated their fiduciary duty. Facebook hit with four lawsuits in one week over Cambridge Analytica scandal 2018-03-23T04:00:00Z The civil case, alleging massive breaches of fiduciary duty that caused damage to the company and impaired long-term shareholder value, was filed Tuesday in Clark County, Nevada. Oregon sues gambling mogul Steve Wynn and his former company 2018-03-07T05:00:00Z Sky said in a statement that its independent directors were “mindful of their fiduciary duties,” adding that a further announcement would be made as and when appropriate. Comcast CEO’s Bid to Take Over Sky Scrambles Deals for Rupert Murdoch’s Fox and Robert Iger’s Disney 2018-02-28T05:00:00Z “It’s really a question of fiduciary duty,” he said. Companies face mounting pressure to pick sides in gun debate 2018-02-27T05:00:00Z The shareholders accuse them of breaching their fiduciary duties. The Latest: Shareholders in 2nd lawsuit against Wynn Resorts 2018-02-16T05:00:00Z Once Ratan Tata retires, the trusts will probably be run by arm’s length boards focused on their fiduciary duty to hold Tata Sons accountable for its performance. What Natarajan Chandrasekaran must do next at Tata 2018-02-08T05:00:00Z The lawsuit said the board breached its fiduciary duty to investors by not investigating the accusations and by continuing to recommend Wynn’s leadership to investors. Wynn Resorts board sued for failing to investigate chief executive 2018-02-07T05:00:00Z The firm sued him for fraud, breach of contract and breach of fiduciary duty. Benchmark Capital drops lawsuit against ex-Uber CEO Kalanick 2018-01-25T05:00:00Z In a letter to fellow owners, the investor leading the hotel owners' board of directors accused Trump Hotels of “gross mismanagement, breaches of contract, conversion and breaches of fiduciary duties.” Panama hotel owners vote to fire Trump's company — but it won't leave 2018-01-16T05:00:00Z In a letter to fellow owners, the investor leading the hotel owners’ board of directors accused Trump Hotels of “gross mismanagement, breaches of contract, conversion and breaches of fiduciary duties.” Panama Hotel votes to drop Trump — but his company won’t go 2018-01-15T05:00:00Z Fund trustees also will seek a legal opinion to confirm that carrying out divestment actions would be consistent with trustees’ fiduciary duties to beneficiaries. NYC taking steps to divest pension funds of fossil fuels 2018-01-10T05:00:00Z The lawsuit said the board breached its fiduciary duty to investors by not investigating the accusations and by continuing to recommend Wynn’s leadership to investors. Wynn Resorts board sued for failing to investigate chief executive 2018-02-07T05:00:00Z The firm sued him for fraud, breach of contract and breach of fiduciary duty. Benchmark Capital drops lawsuit against ex-Uber CEO Kalanick 2018-01-25T05:00:00Z A fiduciary duty to shareholders over patient-clients is a perverse conflict of interest. Humira’s Best-Selling Drug Formula: Start at a High Price. Go Higher. 2018-01-06T05:00:00Z They said "the business judgment rule would not extend to such willful ignorance" and did not bar a claim for breach of fiduciary duty. Joining a board of directors entails serious legal responsibilities – LA Times 2017-12-23T05:00:00Z “It’s our fiduciary duty to sell it for the most amount of money,” Brennan said. Four Capitol Hill rowhouses, including Frederick Douglass’s first D.C. home, are on the market 2017-12-01T05:00:00Z Do not forget about fiduciary duties as a public company. Snapchat’s New Test: Grow Like Facebook, Without the Baggage 2017-11-15T05:00:00Z “It’s their view of their fiduciary duty,” said Chris Davis, senior director of the Ceres Investor Network on Climate Risk and Sustainability. Analysis | The Energy 202: Clean energy investment needs to triple to halt catastrophic warming, finds new report 2017-10-31T04:00:00Z Operators of the health plan violated their fiduciary duty by using its assets “in their own interest,” rather than for the benefit of workers, the government said. Cheaper Health Plans Promoted by Trump Have a History of Fraud 2017-10-21T04:00:00Z The complaints say it acted in breach of its fiduciary duties and trust, and without legal authority to sell the art. Norman Rockwell’s sons seek to halt sale of father’s artwork 2017-10-20T04:00:00Z The main reason for this divergence is that institutions are generally required to vote their shares as part of their fiduciary duty to the investors or pension beneficiaries whose money they oversee. Small Investors Support the Boards. But Few of Them Vote. 2017-10-06T04:00:00Z The lawsuit alleges fraudulent concealment and breach of fiduciary duty. Cher sues L.A. billionaire Patrick Soon-Shiong, accusing him of stock sale fraud 2017-09-29T04:00:00Z He sued Facebook and Mr Zuckerberg on behalf of two of the company’s large investors for a breach of fiduciary duty. Facebook and the meaning of share ownership 2017-09-28T04:00:00Z “Their primary fiduciary duty should only be to the pension plan,” he said. L.A. pension officials deliver another financial blow to the city budget 2017-09-26T04:00:00Z “We have a fiduciary duty to the 350,000 people we represent. We have to look out for their best interests.” How one election changed Disneyland's relationship with its hometown 2017-09-26T04:00:00Z The TV personality is accusing Disney of improperly concealing money and breaching its fiduciary duty and contract with the owners of the series. Bill Nye, the 'Science Guy,' says Disney owes him and others $28 million in profits from '90s TV series 2017-08-25T04:00:00Z In new court filings, Benchmark said Kalanick failed to disprove the firm’s claims he committed fraud and breached his fiduciary duty before he was ousted as chief executive of the ride-hailing giant. Benchmark Capital fires back at Uber co-founder Travis Kalanick in new court filings 2017-08-24T04:00:00Z The Menlo Park venture capital firm alleges that Kalanick breached his fiduciary duty and contractual obligations by stacking the company’s board with allies to shield his conduct from redress. California Inc.: A fine week in Monterey for truly fine automobiles 2017-08-14T04:00:00Z In its lawsuit, Benchmark, a Silicon Valley venture capital firm that is one of Uber’s largest shareholders, accused Mr. Kalanick of fraud, breach of contract and breach of fiduciary duty. Morning Agenda: Uber Investor Sues Ex-C.E.O. Travis Kalanick 2017-08-11T04:00:00Z It demands redress for the alleged “fraud, breaches of fiduciary duty, and breaches of contractual obligations” perpetrated by Kalanick. Major Uber investor sues Travis Kalanick, alleging fraud for 'selfish ends' 2017-08-10T04:00:00Z The complaint, which was filed in Delaware court, accuses Kalanick of “fraud, breach of contract and breach of fiduciary duty.” One of Uber’s biggest investors is suing Travis Kalanick for fraud 2017-08-10T04:00:00Z Among small privately held startups, board members are typically removed only if they breach their fiduciary duties or come under fire for fraud or other criminal activity, she learned. This tech entrepreneur has a novel policy to deter sexual harassment 2017-08-03T04:00:00Z A lawyer for the pension board emphasized the board’s paramount fiduciary duties and described legal limits the board faces to taking any action that compromises financial return to pursue environmental, social or governance goals. Seattle employees pension fund won’t divest from fossil fuels 2017-07-13T04:00:00Z Whole Foods’ board, of course, has a fiduciary duty to its stockholders to consider any viable takeover offer. Speculation grows that Amazon will face a rival bidder for Whole Foods 2017-06-19T04:00:00Z If that’s the case, that is a clear case of breach of fiduciary duty. This condo owner pays fees for a money-losing garage and doesn’t even own a car 2017-06-15T04:00:00Z By doing so, United’s board would correct its breach of fiduciary duty and prevent “the unjust enrichment” of company executives. How Badly Must a C.E.O. Behave Before His Pay Is Clawed Back? 2017-06-09T04:00:00Z Police arrested Pelta and two officials from the Education and Sports Ministry in May and charged them with abuse of power, breaching fiduciary duties and favoritism in public tenders. Czech soccer chief steps down, facing graft charges 2017-06-06T04:00:00Z The White House noted on Saturday that the proposed air-traffic control corporation would be governed by independent directors with a fiduciary duty to the new entity. Trump Plans to Shift Infrastructure Funding to Cities, States and Business 2017-06-03T04:00:00Z The lawsuit alleges that the DNC’s bias toward Clinton over Sanders amounted to fraud, misrepresentation, unjust enrichment, breach of fiduciary duty and negligence. The DNC’s elephant in the room: Dems have a problem — it’s not Donald Trump 2017-05-13T04:00:00Z A proposal making haste in the Senate would order investment advisers and brokerage firms to take on fiduciary duties - requirements to act in their clients’ best interests. Nevada Legislature considers police body cams, gay marriage 2017-04-16T04:00:00Z Younger son and Lotte Group Chairman Shin Dong-bin, 62, is accused of embezzlement and breach of fiduciary duty. South Korea's powerful Lotte family goes on trial - BBC News 2017-03-21T04:00:00Z The Supreme Court’s unanimous answer was succinct: “A tipper breaches a fiduciary duty by making a gift of confidential information to ‘a trading relative,’ and that rule is sufficient to resolve the case at hand.” Courts Will Define Boundaries of Friendship in Insider Trading 2017-03-06T05:00:00Z The jury also found Pettigrew breached his fiduciary duties to the company. Former legislator ordered to pay $4.3M in defamation case 2017-02-23T05:00:00Z At present, members’ fiduciary duties are split between representing Metro as whole and representing the jurisdictions that appointed them. Democrat’s fix for Metro: $750 million from feds in exchange for governance, labor changes 2017-02-16T05:00:00Z But the principles of fiduciary duty are strengthening. Putting Clients Second 2017-02-09T05:00:00Z The question of fiduciary duty received new attention last week when Depp’s former business manager’s counter-sued him, alleging that his extravagant spending led to his recent financial problems. Should financial advisers put us before them? Debate is back on the table 2017-02-05T05:00:00Z "Granting dynastic control in response to implicit threats from a controlling shareholder is a breach of the board's fiduciary duty of loyalty," CalPERS said. CalPERS sues IAC over move to maintain Diller's voting power 2016-12-12T05:00:00Z More than 10 cities and towns represented by Androscoggin County sued commissioners in 2015, claiming they unjustly enriched themselves by increasing their compensation and breaching their fiduciary duty to taxpayers regarding spending. Judge: Maine county commissioners have final say on budget 2016-12-02T05:00:00Z It eliminates rules on credit card fees and the Department of Labor’s fiduciary duty standard. Despite Conflicts, Financial Overhaul Proposals Have Merit 2016-11-22T05:00:00Z The arc of investing is long, but it bends toward fiduciary duty. Putting Clients Second 2017-02-09T05:00:00Z Mr. Tanner’s stake in the Philidor deal may not have tainted the transaction even if he breached a fiduciary duty to Valeant by not disclosing any arrangement he had with Mr. Davenport. Kickback Case Questions Whether Valeant Was Victim or Participant 2016-11-21T05:00:00Z His appointees could halt or reverse regulations on the “fiduciary duty” of investment advisers, risk-management standards for large insurers and asset managers, and consumer-finance rules governing everything from mortgages to bank overdraft fees. U.S. Businesses Bet on Which Trump Will Govern 2016-11-14T05:00:00Z Tesla faces shareholder lawsuits alleging board members breached their fiduciary duty in approving the deal. Tesla, SolarCity shares fall ahead of merger details 2016-11-01T04:00:00Z Trump’s oxymoronic excuses about his “fiduciary duty” to his businesses to pay as little personal tax as he could are shocking. A free market in tax is a groteseque reality | Nick Cohen 2016-10-08T04:00:00Z In late August, the Securities and Exchange Commission brought an enforcement action against the firm, contending that it had breached its fiduciary duty to investors by not disclosing specifics on fees it was extracting. Wells Fargo Isn’t the Only Firm That Needs a Lesson 2016-10-07T04:00:00Z At one time, the Justice Department could bring a case against an employee for breaching a fiduciary duty to the employer as mail or wire fraud for violating the right of honest services statute. Kickback Case Questions Whether Valeant Was Victim or Participant 2016-11-21T05:00:00Z Mr. Trump’s surrogates have also said that minimizing his taxes was Mr. Trump’s “fiduciary duty,” as if a businessman had some sort of solemn or legal obligation to make as much money as possible. My Dad Set the Precedent Donald Trump is Flouting 2016-10-07T04:00:00Z Similarly, the plaintiffs in the shareholder lawsuit argue that Viacom directors breached their fiduciary duties in continuing to keep Redstone on the board even though, as they claim, he is unfit to serve. Sumner Redstone's deposition for Viacom shareholder lawsuit is put on hold 2016-10-06T04:00:00Z They may believe that this is a statutory requirement or a fiduciary duty. A Voter Revolt Against ‘Shareholder Value’ 2016-10-04T04:00:00Z After all, Calpers has a fiduciary duty to public employees whose retirement accounts it manages. Wells Fargo Isn’t the Only Firm That Needs a Lesson 2016-10-07T04:00:00Z He says that created a conflict of interest that violated the financial firm’s fiduciary duty. State officials: Morgan Stanley ran unethical sales contests 2016-10-03T04:00:00Z Trump is wrong - and this has not been challenged - to say that he has a fiduciary duty to his investors pay the least amount in personal federal taxes. My Dad Set the Precedent Donald Trump is Flouting 2016-10-07T04:00:00Z But it is ridiculous to add the element of a fiduciary duty to a desire to reduce a personal tax bill, said Tamar Frankel, a professor at the Boston University School of Law. The Trump Campaign’s Questionable Tax Return Justification 2016-10-03T04:00:00Z Wilson advises consulting a fee-only advisor who owes you a fiduciary duty. 5 Things to Do If a Company Switches Its 401(k) Plan Provider 2016-10-03T04:00:00Z In the United States and Europe, company executives are rarely held personally accountable, let alone criminally liable, for bad deals - provided they met their fiduciary duties. When deals go bad: China state firm managers spooked by new liability rules 2016-09-26T04:00:00Z His/her fiduciary duty is to the buyer. The Moral: Get It in Writing 2016-09-02T04:00:00Z People speak of fiduciary duty of companies to pay as little tax as possible. Apple, Congress and the Missing Taxes 2016-08-30T04:00:00Z “That’s called greed. And greed is not a component of the law of fiduciary duty anywhere.” The Trump Campaign’s Questionable Tax Return Justification 2016-10-03T04:00:00Z The lawsuits allege, among other things, that both Tesla and SolarCity board members breached their fiduciary duties in connection with the proposed merger. Tesla says lawsuits could delay SolarCity deal 2016-09-19T04:00:00Z “This violates the Crown’s fiduciary duty to Inuit and its consultation obligation.” Inuit argue for say as Canada and Britain decide fate of HMS Terror wreck 2016-09-16T04:00:00Z The trial court granted Parth’s motion for summary judgment, contending that the claim of breach of fiduciary duty was barred by the business judgment rule. A board director who acts unilaterally may not be protected by the business judgment rule 2016-09-11T04:00:00Z My question is, when did fiduciary duty trump civic duty? Apple, Congress and the Missing Taxes 2016-08-30T04:00:00Z “We don’t owe a fiduciary duty to ourselves,” Ms. Frankel said in an interview. The Trump Campaign’s Questionable Tax Return Justification 2016-10-03T04:00:00Z Campaigners reject the fiduciary duty argument - that funds must seek the best returns for their clients. European fund firms largely resist tobacco divestment campaign 2016-09-06T04:00:00Z "The mere fact that the fund's price dropped is not sufficient to state a claim for breach of fiduciary duty," she wrote. Chevron wins dismissal of claims of poor savings plan oversight 2016-08-30T04:00:00Z The lawsuit seeks payment for “all losses resulting from each breach of fiduciary duty” and any other relief deemed appropriate. Class-action lawsuit filed over Johns Hopkins University’s retirement plan 2016-08-12T04:00:00Z The complaints against the three universities accuse them of breaching their fiduciary duties by causing the plan participants to pay millions of dollars in unreasonable and excessive fees for record keeping, administrative and investment services. MIT, NYU, Yale sued over fees for employee retirement plans 2016-08-09T04:00:00Z "Rather, we believe it is a symptom of fiduciary duty." SABMiller suspends integration work for beer merger 2016-07-27T04:00:00Z "As a result of Goldman Sachs's fraud and breach of fiduciary duties, the price at which HLB acquired EON Capital was hundreds of millions of dollars below fair value," Primus said. Goldman is sued in U.S. over merger linked to Malaysia's 1MDB 2016-07-26T04:00:00Z And while it sounds like insider trading, the absence of a fiduciary duty means it falls outside that proscription. Finding the Fraud in the HSBC Currency Trading Case 2016-07-25T04:00:00Z The firm plans to pursue personal claims against Aeropostale's officers and directors for “fraudulently concealing” a breach of a liquidity covenant, self-dealing and not upholding fiduciary duties, the Sycamore spokesman said. Aeropostale accuses Sycamore Partners of 'loan to own' scheme 2016-07-23T04:00:00Z Sycamore is investigating its own potential claims against directors and management of Aeropostale for concealing financing information and breaching their fiduciary duty, the person said. Aeropostale to challenge Sycamore's status as creditor 2016-07-21T04:00:00Z The firm, which operates sites in 40 U.S. and foreign cities, also accused Strange of breaching her contractual and fiduciary duties. WeWork sues ex-employee for disclosing information to reporters 2016-07-16T04:00:00Z The agency, Ms. Karrow said, treats each instance of a deceased borrower case by case and tries to be compassionate, but, she added, “we must also meet our fiduciary duty to our bondholders.” In New Jersey Student Loan Program, Even Death May Not Bring a Reprieve 2016-07-03T04:00:00Z In such a situation, there is no breach of fiduciary duty. Viacom Director Has Uphill Battle in Case Against Redstone 2016-06-17T04:00:00Z The companies were not its clients, owed a fiduciary duty, but its counterparties, on the opposite side of the trades. Of snowballs and red ink 2016-06-09T04:00:00Z On most of the work done by entities overseeing retirement or health benefit plans, the law imposes a fiduciary duty, requiring them to put participants’ interests first. When Your 401(k) Is Better for Your Employer 2016-06-03T04:00:00Z The evidence, the lawyers said, revealed breaches of fiduciary duty and also raised questions about FIFA’s internal financial controls, especially the role of its compensation subcommittee. Sepp Blatter and Deputies Arranged Huge Payouts After Indictments, FIFA Says 2016-06-03T04:00:00Z Also on Thursday, a shareholder sued members of the board, including Mr. Ferro, for breaching their fiduciary duties in potentially blocking the takeover. Chairman Puts His Brand on Tribune to Stave Off Gannett 2016-06-02T04:00:00Z Dr. Soon-Shiong was named as a defendant for allegedly assisting in the directors’ breach of fiduciary duties. Tribune Publishing Shareholder Files Lawsuit Against Board 2016-06-02T04:00:00Z District Court in New Hampshire seeks unspecified damages on several legal grounds, including negligence and breach of fiduciary duty. New England prep school St. Paul's sued over sex case 2016-06-01T04:00:00Z Most of his cases involved breaches of fiduciary duties, such as offering only high-fee investment options in a plan. When Your 401(k) Is Better for Your Employer 2016-06-03T04:00:00Z Instead of accepting his share of the proceeds, Mr. Trump sued his partners for “staggering breach” of fiduciary duty in a lawsuit that demanded $1 billion in damages. Donald Trump Soured on a Deal, and Hong Kong Partners Became Litigants 2016-05-30T04:00:00Z Directors who exercise reasonable judgment are protected by the business judgment rule from liability for claims of breach of fiduciary duty. A 'code of ethics' agreement fraught with legal implications. 2016-05-26T04:00:00Z The more Mr. Dauman fights back against this reality through the corporate machinery of Viacom, the more he risks a lawsuit for breach of fiduciary duties. The Game of Thrones at Viacom 2016-05-23T04:00:00Z "The board takes its fiduciary duties seriously and continues to act in the best interests of all shareholders," she said. Tribune investor calls Soon-Shiong deal 'disturbing' as second firm backs board 2016-05-25T04:00:00Z Officials having a fiduciary duty to manage the DC Trust’s assets ought to know, with specificity, how the trust’s financial failure came about. More incompetence and negligence in the District 2016-05-13T04:00:00Z Mr. Cox said he would consider it a breach of his fiduciary duty if he did not talk to clients about how assets pass. The Role of a Will in Asset Distribution 2016-05-06T04:00:00Z The government accuses the Detroit-based lender of violating the False Claims Act, breaching a fiduciary duty and negligence. The Quickening 2016-05-03T04:00:00Z Writing off such a significant debt to the association is foolhardy, especially one created by a director's breach of fiduciary duty. Should HOA board sue an ex-director who used association funds for a condo upgrade? 2016-05-01T04:00:00Z Mark Semeraro, an attorney representing the co-op, said the board has a fiduciary duty to preserve the property’s “value and operations.” Legal battle ensues after man parks 30 luxury cars in garage 2016-04-19T04:00:00Z I have also heard prominent Republicans argue that the convention delegates will have what amounts to a fiduciary duty to choose a candidate who is fit to serve as president. It may be too late for the GOP to stop Trump 2016-04-18T04:00:00Z Instead, the study would be performed as part of the board's fiduciary duty. CalPERS to study possible reinvestment in tobacco 2016-04-18T04:00:00Z In the event of a lawsuit for breach of fiduciary duty, it will be difficult for the directors to justify spending association funds on bad management and inefficient security. Homeowner association enforces parking rules to the point of absurdity 2016-04-10T04:00:00Z He will also no longer be legally beholden to the same fiduciary duties as partners at the firm, the people said. John Doerr to Become Kleiner Perkins’s First Chairman 2016-04-01T04:00:00Z More than 10 cities and towns represented by the county sued its seven commissioners, claiming that they unjustly enriched themselves by increasing their compensation and breaching their fiduciary duty to taxpayers regarding spending. Judge: Lawsuit against Maine county commission will continue 2016-03-25T04:00:00Z The Canadian system is also broadly similar to the United States in terms of fiduciary duties, though the potential for liability is a bit broader. Valeant Has Few Options to Remove a Recalcitrant Director 2016-03-23T04:00:00Z The arbitration panel agreed, and found that Morgan Stanley and the brokers were guilty of “unauthorized trading, churning, breach of fiduciary duty/constructive fraud, negligence, negligent supervision . . . and unjust enrichment.” The super-rich are also vulnerable to elder financial abuse 2016-03-22T04:00:00Z As a result of its insolvency, the operating unit owed additional fiduciary duties to its creditors, not just its parent company owner, according to Davis. Bankruptcy examiner's report sends Caesars shares tumbling 2016-03-16T04:00:00Z The judge also dismissed claims that the banks breached their fiduciary duties or acted in bad faith with the other nine trusts. U.S. consumer spending rose in January 2016-02-26T05:00:00Z The Federal Court found three years ago that Lehman Brothers Australia had engaged in misleading and deceptive conduct, breached fiduciary duties, breached contracts and acted in negligence toward plaintiffs. S&P settles Australian lawsuit over Lehman Bros collapse 2016-02-19T05:00:00Z And it will mean that the litigation over Valeant’s mess is not likely to focus on whether the board breached its fiduciary duties. Valeant Has Few Options to Remove a Recalcitrant Director 2016-03-23T04:00:00Z "To continue to fulfill our fiduciary duties, we must re-engineer every process and procedure and bring our investment operations into the 21st century." NYC's pension operations need to be brought into 21st century: comptroller 2016-01-26T05:00:00Z The suit charges a breach of fiduciary duty and a waste of corporate assets. Viacom in Cross Hairs of Activist Investor 2016-01-19T05:00:00Z There exists a basic fiduciary duty to act in good faith and in the best interests of the association and its titleholders. Association manager tells directors what to say and how to vote during board meetings 2016-01-03T05:00:00Z Planned Parenthood is not defunded; the administration’s plan to impose fiduciary duties on pension managers is not blocked; and the president’s executive orders on immigration are not undone. A Glimpse of What Bipartisan Compromise Looks Like 2015-12-30T05:00:00Z In each of the four lawsuits, Commerzbank accuses the bank in question of breaching “contractual and fiduciary duties.” Commerzbank Sues Banks in U.S. Over Mortgage-Backed Securities Losses 2015-12-28T05:00:00Z Mr. Bogosian and the funds allege that Good’s board breached its fiduciary duty by only considering the needs of preferred shareholders when doing the deal with BlackBerry. Common Stock Ownership Spreads Among Start-Up Investors 2015-12-27T05:00:00Z Some of Good’s common shareholders have sued most of the board for a breach of fiduciary duty, asserting that directors looked only after the interests of preferred shareholders. When a Unicorn Start-Up Stumbles, Its Employees Get Hurt 2015-12-23T05:00:00Z In a regulatory filing, Appaloosa said it sent a letter Monday asking to inspect TerraForm’s books to investigate breaches of Delaware law and of directors’ fiduciary duties. Tepper’s Appaloosa Asks to See Terraform Power’s Books 2015-12-22T05:00:00Z Such actions, the lawsuit alleges, ran counter to the bank's fiduciary duties. JPMorgan to settle U.S. charges over asset unit's disclosures 2015-12-17T05:00:00Z Chief executives have a fiduciary duty to enhance value for their shareholders. How to Stop Turning U.S. Corporations Into Tax Exiles 2015-12-14T05:00:00Z But in a sign that many observers took as a signal that Yahoo is open to a sale, Mr. Webb said that “the board has a fiduciary duty to entertain any offers.” Yahoo Investors Tighten Screws 2015-12-14T05:00:00Z He said university boards that refuse to divest due to financial reasons are doing their jobs and acting on their fiduciary duties "to focus on the returns of their portfolios." Fossil Fuel Divestment Movement Has Unintended Consequences 2015-12-10T05:00:00Z In an emailed statement, a spokesman for Retrophin said that the board replaced Mr. Shkreli “because of serious concerns about his conduct” and that a subsequent investigation “identified substantial self-dealing and breaches of fiduciary duty.” Martin Shkreli, the Bad Boy of Pharmaceuticals, Hits Back 2015-12-05T05:00:00Z As Banzhaf sees it, school officials have a fiduciary duty to protect the health of students. Schools are trying to curb obesity. Why are their sports leagues promoting fast food? 2015-11-18T05:00:00Z In the lawsuit filed Monday, Monroe County resident Timothy Todd claims the National Foundation for Special Needs Integrity violated its fiduciary duty by taking the money to pay unjustified legal and other fees. Suit: Nonprofit took improper fees from special needs trusts 2015-11-17T05:00:00Z That is, R.B.C. aided the board in breaching its fiduciary duties. Ruling in Rural/Metro Case Could Affect All Wall St. Banks 2015-10-30T04:00:00Z The judge found that he mistakenly allowed the jury to hear details about an allegation connected to Lady Gaga and Fusari's personal relationship and his fiduciary duty to her. New trial granted for producer ordered to pay $7.3M to songwriter who discovered Lady Gaga 2015-10-02T04:00:00Z He ordered the new trial after finding that he mistakenly allowed the jury to hear about details about an allegation connected to Lady Gaga and Fusari’s personal relationship and his fiduciary duty to her. $7.3M verdict against Lady Gaga’s former boyfriend tossed 2015-10-02T04:00:00Z Dorsey would have a fiduciary duty to pursue both parties' best interests, lawyers said, which could pose problems. As Twitter, Square interests converge, CEO Dorsey risks conflicts 2015-09-30T04:00:00Z However, all board members must satisfy their fiduciary duty. Dealing With a Menacing Landlord 2015-09-26T04:00:00Z Not coincidentally, the company’s attitude is similar toward its shareholders, the legal owners of the business, to whom the board owes its primary fiduciary duty. At Bank of America, a Vote to Give Shareholders Due Respect 2015-09-18T04:00:00Z To prove a securities fraud case against a recipient of inside information, known as a tippee, the S.E.C. has to show that the source breached a fiduciary duty by passing along the information. S.E.C. Judge May Have Weakened Justice Dept. Stance in Insider Trading Case 2015-09-16T04:00:00Z The indictment does not make any reference to a quid pro quo arrangement with the source, although it does discuss the breach of fiduciary duty in passing along the information. A New Way to Charge Insider Trading 2015-08-24T04:00:00Z But that case involved a broker who breached a fiduciary duty to his clients by embezzling from their account. Hacking Case Raises Question on Securities Fraud 2015-08-17T04:00:00Z If the board is not seeking possible solutions to these problems, it is breaching its fiduciary duties to the titleholders, and each board director may be held liable should injury occur — even to the criminals. HOA board must do more to stop thefts, break-ins, other criminal activity 2015-08-09T04:00:00Z Hinckley Allen moved to dismiss the Complaint, which the Court granted as to the claims for aiding and abetting breach of fiduciary duty, aiding and abetting conversion, and unjust enrichment. Cevdet Aksut -- Fraudulent Transfer Means Civil Conspiracy And Civil RICO Claims Against Law Firm 2015-07-30T04:00:00Z The IRS and Mr. Koskinen have breached these basic fiduciary duties: The Stonewall at the Top of the IRS 2015-07-27T04:00:00Z Indeed, if pushed to its logical conclusion, the government could claim that other elements like showing a breach of fiduciary duty should also be dropped from insider trading prosecutions. A New Way to Charge Insider Trading 2015-08-24T04:00:00Z The judge also rejected claims that those officials breached their fiduciary duty to employees by letting them invest in Lehman stock, resulting in millions of dollars of losses. Lehman's Fuld defeats employee lawsuit over retirement losses 2015-07-10T04:00:00Z Prebankruptcy forgiveness might be attacked as a fraudulent transfer, and post-bankruptcy forgiveness would require court approval in the face of the debtor’s fiduciary duty to creditors – the holding company’s creditors, that is. Banks’ ‘Living Wills’ Are Murky Guides 2015-07-10T04:00:00Z In New York City, employers may check the credit history of police officers, people with certain fiduciary duties, people with access to trade secrets or intelligence information, cyber security personnel and certain public officials. Legal Issues with Background Checks 2015-07-10T04:00:00Z Their alleged crimes include breach of fiduciary duty, interference with contractual relations, breach of duty of loyalty, and commission of computer crimes and civil conspiracy, according to the suit. Southern California schools clash in court over Alzheimer’s grant 2015-07-06T04:00:00Z In that case, the agency said the parties breached their fiduciary duty related to recommendations to several public pension funds in Georgia on alternative investments. S.E.C. Learns the Hard Way How Judges Are Like Umpires 2015-06-29T04:00:00Z If such estimates are right, then eliminating exposure to the sector would be perfectly compatible with fiduciary duty. Fight the power 2015-06-25T04:00:00Z But the longer the fight goes on, the clearer it becomes that arguing against a fiduciary duty is arguing for biased advice that costs retirement savers billions of dollars a year. When Retirement Savings Are Unsafe 2015-06-22T04:00:00Z “We see no reason why we can’t do that as an independent company, but the board has a fiduciary duty and will carefully evaluate any offer.” Outgoing Twitter CEO Explains Why He's Stepping Down 2015-06-11T04:00:00Z In a call with analysts, Mr. Costolo acknowledged that the board understood its fiduciary duty to look out for investors but added emphatically that the company’s preference was to remain on its own. Costolo Exit at Twitter Kick-Starts Deal Speculation 2015-06-11T04:00:00Z And such a position is even more troubling when it is taken by an institution that has a fiduciary duty to do the right thing by its investors. Fund Giants Resist Proxy Access Board Shake-Ups 2015-05-29T04:00:00Z The city is alleging multiple instances of fraud, breaches of fiduciary duty and unfair business practices, among other violations. Industry sues former mayor, alleging 'extensive public corruption' 2015-05-29T04:00:00Z In short, it argued that it basically adhered to a fiduciary duty already. When Retirement Savings Are Unsafe 2015-06-22T04:00:00Z They must maintain their fiduciary duty to maximize profits yet still cooperate with prosecutors against the very business partners that help generate the profits. The Strategic Opportunity And Anguish For US Companies That Are FIFA Sponsors 2015-05-28T04:00:00Z It’s a sweet tax deal for Companies’ stockholders, to whom Companies owes a fiduciary duty. Holding shares or units — those little words can mean big differences 2015-05-26T04:00:00Z There are competing tensions for data confidentiality to preserve study integrity and for data transparency mandated by regulatory policy for approved products, securities laws, and fiduciary duties to share owners. Orexigen CEO Pledged To Keep Data Secret, But Not From Himself 2015-05-20T04:00:00Z It alleges fraud, negligence and breach of fiduciary duty, among other things. Mediator appointed in lawsuit over $75M loan for 38 Studios 2015-05-19T04:00:00Z It involved how the statute of limitations should be applied to a breach of fiduciary duty. How the Supreme Court Just Improved Your Retirement 2015-05-19T04:00:00Z In Tibble, the Supreme Court remanded the case for a lower court to decide whether trustees had actually violated their fiduciary duty by failing to remove high-cost mutual funds from the investment menu. Supreme Court Hits Pension Plans Over High-Cost Mutual Funds 2015-05-18T04:00:00Z The lawsuit is one of several filed recently accusing American Apparel and Standard General, a hedge fund, alleging violations of securities laws and fiduciary duty before and after Charney was ousted. Dov Charney accuses American Apparel of defamation in new lawsuit 2015-05-13T04:00:00Z Instead of keeping the information quiet, Orexigen executives decided that they had a fiduciary duty to file for a patent based on the information. A Top Cardiologist Says A Diet Drug Maker Misled Patients And Investors 2015-05-12T04:00:00Z Non-profit boards serve different roles in addition to their fiduciary duties potentially including fund-raising, contributing personal time, making connections for the organization with strategic partners and acting as advisors or representatives of critical stakeholders. The Only Three True Interview Questions For Potential Board Directors 2015-05-12T04:00:00Z The shareholder plaintiffs accuse current and former Duke Energy officers and directors of breaching their fiduciary duties. Duke seeks delay in suit over North Carolina coal ash spill 2015-05-05T04:00:00Z They champion their fiduciary duty to their clients, eliminating potential conflicts by working for fees. The $12 Billion Denver Wealth Manager That's Ahead Of The Curve, Not Chasing It 2015-05-01T04:00:00Z The way Elliot Weissbluth sees it, he’s understood the meaning of fiduciary duty since long before he became a financial advisor. New Heights For HighTower, The Anti-Conflict Advisor 2015-05-01T04:00:00Z “I never intentionally or knowingly broke my fiduciary duty.” Ex-executive gets prison for $27M insider trading scheme 2015-04-27T04:00:00Z But most cases of nonprofit mismanagement involve breaches of fiduciary duty, not criminal behavior, often rooted in a sincere if ultimately misguided effort to help. Cooper Union Inquiry Puts Nonprofits on Notice 2015-04-09T04:00:00Z To be sure, some prominent shale oil producers have made clear they would like to remain independent, while acknowledging their fiduciary duty to shareholders requires they entertain offers that may arise. Shell's BG purchase could be catalyst needed for U.S. shale deals 2015-04-08T04:00:00Z The final and most controversial amendment would ban fee-shifting bylaws, which require the loser in fiduciary duty litigation to pay the fees and expenses of both sides. A Three-Pronged Front to Limit Shareholder Litigation 2015-04-02T04:00:00Z The agency said Tilton violated her fiduciary duty to clients, the legal obligation of investment advisers and managers to put their clients' financial interests first. SEC files fraud charges against Lynn Tilton, firms 2015-03-30T04:00:00Z But just saying a broker owes a fiduciary duty does not mean investors will avoid risk or be shielded from losses. S.E.C. Faces Tough Challenge to Enhanced Broker Rule 2015-03-23T04:00:00Z The SEC said that Gault, as well as the company's former chief executive J. Rowland Perkins II, failed to question Stein's conduct and did not meet their fiduciary duties to shareholders. Jury clears ex-NFL player Gault of purposely defrauding investors 2015-03-18T04:00:00Z The move would hold stockbrokers to a fiduciary duty standard, under which they must put their clients’ interests ahead of their own. S.E.C. Chief Voices Support for Higher Advice Standard for Brokers 2015-03-17T04:00:00Z It defines “inside information” as nonpublic information that is obtained illegally, from the issuer of the securities “with an expectation of confidentiality,” or “in violation of a fiduciary duty.” Court Strikes on Insider Trading, and Congress Lobs Back 2015-03-16T04:00:00Z Registered Investment Advisors, known as RIAs, serve the best interest of their clients based on a standard called fiduciary duty. New Advisor Standards Could Save Retirees $17 Billion 2015-03-12T04:00:00Z Brokers would owe a fiduciary duty to their customers, the same requirement imposed on investment advisers, which means they must put their clients’ interests first. S.E.C. Faces Tough Challenge to Enhanced Broker Rule 2015-03-23T04:00:00Z The proposed regulations, to be drafted by the Labor Department, would address the issue by imposing on all advisers a fiduciary duty to act in the “best interest” of a client. Plan to rein in ‘conflicted’ financial advice would be hard to enforce 2015-03-08T05:00:00Z The Company is similarly committed to meeting its fiduciary duties to shareholders. Takeda Disagrees With Orexigen Over Data Disclosure 2015-03-05T05:00:00Z The proposed regulation would hold brokers to a standard known as fiduciary duty, requiring them to work in their clients’ best interests. Obama to call for more regulation on financial brokers 2015-02-23T05:00:00Z As Lululemon’s biggest shareholder, and as a member of its board, he says, he was told by the company’s executives that it was his fiduciary duty to refrain from further public statements. Lululemon’s Guru Is Moving On 2015-02-02T05:00:00Z Ms. White’s statement comes on top of President Obama’s support for a rule being proposed by the Labor Department to require brokers who advise clients about retirement investments to adhere to the fiduciary duty standard. S.E.C. Faces Tough Challenge to Enhanced Broker Rule 2015-03-23T04:00:00Z "Their duty is to administer the money well. Their fiduciary duty is not to pick whatever causes some students want, whether it's abortion, fossil fuel, weapons, Israel or Saudi Arabia," he said. More colleges under pressure to divest, though effect is debatable 2015-01-21T05:00:00Z But Dexter is now seeking to remove Young from the King Center's board, complaining he breached his fiduciary duty by using footage of King in a documentary without permission. Legal battles of Martin Luther King Jr.'s children threaten his legacy 2015-01-19T05:00:00Z The lawsuit accuses Mr. Johnson of breach of fiduciary duty, negligence, fraudulent concealment and negligent prevention of assistance. Mutual Fund Billionaire Accused of Fraud in Suit 2015-01-14T05:00:00Z The two funds were Freeman Spogli Equity Partners V and VI. The firm’s failure to reduce the management fee in both funds was inconsistent with its fiduciary duty, the S.E.C.'s letter said. Entering the Secret Garden of Private Equity 2014-12-27T05:00:00Z Adopting a uniform fiduciary duty standard will have its greatest effect on investor claims against brokers for mismanaging their accounts by making it easier to prove a violation. S.E.C. Faces Tough Challenge to Enhanced Broker Rule 2015-03-23T04:00:00Z Step one for every board is to understand that it is supposed to be offering oversight on these risks as part of its fiduciary duty. Why It's Time For A Board-Level Cybersecurity Committee 2014-12-27T05:00:00Z The ruling stated that, “… the Government presented no evidence that Newman and Chiasson knew that they were trading on information obtained from insiders in violation of those insiders’ fiduciary duties.” Insider Trading, Now We Know The Law 2014-12-23T05:00:00Z But through “a variety of acts including breaches of fiduciary duty, forgery, theft, diversion and a cover-up,” neither the shares nor the dividends have ever been delivered to Mr. Miele, it contends. Mutual Fund Billionaire Accused of Fraud in Suit 2015-01-14T05:00:00Z “Who cares about a personal benefit or breach of a fiduciary duty?” said Marco Ventoruzzo, a professor with dual appointments at Penn State’s Dickinson Schools of Law and Bocconi University in Milan. The Insider Trading Morass 2014-12-19T05:00:00Z Bernard L. Madoff’s firm was registered with the S.E.C. as an investment adviser, so it operated under the fiduciary duty standard, yet thousands of its clients’ financial lives were destroyed. S.E.C. Faces Tough Challenge to Enhanced Broker Rule 2015-03-23T04:00:00Z Even more confusingly, the SEC may change the definition of fiduciary duty to raise the standards for brokers. The Most Important Question To Ask Your Financial Advisor 2014-12-18T05:00:00Z New York's legislation would clarify the fiduciary duty of the Port Authority's commissioners, requiring they exercise independent judgment in the best interest of the authority and the public. Governors are urged to sign Port Authority reform 2014-12-09T05:00:00Z One point on which this will be especially true is the question of whether the AIG somehow breached its fiduciary duties to AIG by coercing it into this transaction. A Tale of Two Bailouts: AIG, Fannie and Freddie and Beyond 2014-11-26T05:00:00Z Currently the CIO for Yahoo, Netfix is claiming that Kail committed fraud and a breach of his fiduciary duties. Former Netflix (And Current Yahoo) Exec Accused Of Collecting Kickbacks 2014-11-25T05:00:00Z There is no way to know how profitable an investment will be, so whether recommendations will cost investors money because brokers do not owe them a fiduciary duty is speculative. S.E.C. Faces Tough Challenge to Enhanced Broker Rule 2015-03-23T04:00:00Z It does not technically apply to state and local pension funds, but it is widely relied upon to guide the interpretation of their trustees’ fiduciary duties. David H. Webber: Protecting public pension investments Bouchard dismissed claims that Goldman Sachs & Co and Morgan Stanley aided the breach of fiduciary duty by consenting to the lockup waiver and collecting $10 million in fees from the secondary offering. Zynga's chairman, directors must face lawsuit over stock sales: court 2014-11-17T05:00:00Z Lawyers representing employees must prove not only that plan participants were charged exorbitant fees or employers showed a clear conflict of interest, but also that employers broke federal law by breaching their fiduciary duty. Finding, and Battling, the Hidden Costs of 401(k) Plans 2014-11-07T05:00:00Z “VanderZanden’s conduct not only breaches the confidentiality agreement, but also breaches fiduciary duties of loyalty and confidence he owed to Lyft as an officer and employee,” the suit said. Lyft Sues Former Executive, Saying He Stole Trade Secrets 2014-11-06T05:00:00Z The S.E.C. staff issued a report in January 2011 that called for adoption of a uniform fiduciary duty standard applicable to both investment advisers and brokers. S.E.C. Faces Tough Challenge to Enhanced Broker Rule 2015-03-23T04:00:00Z Annual shareholder meetings are supposed to allow a company’s owners to change troubling governance practices such as outsize executive pay or directors who neglect their fiduciary duties. Effort Begins for More Say on Directors 2014-11-05T05:00:00Z “Delaware has already made it extraordinarily difficult to file successful lawsuits for breach of fiduciary duty. Now, in addition to a high likelihood you will lose, they are allowing companies to impose a financial penalty.” Shareholders, Disarmed by a Delaware Court 2014-10-25T04:00:00Z "When you lawfully marry somebody, you have certain obligations to that spouse. You have fiduciary duties as if you were business partners." With gay marriage comes question: I do or I don't 2014-10-24T04:00:00Z Understand fiduciary duties and the obligations and special responsibilities of representing clients. NetAppVoice: Lawyers On The Board? The Debate Rages On 2014-10-20T04:00:00Z Eliminating the general partner’s fiduciary duty to investors in the private equity fund limits remedies available to the church if a breach of fiduciary duty should occur, the church’s lawsuit said. Behind Private Equity’s Curtain 2014-10-18T04:00:00Z The Housing and Economic Recovery Act also prohibits any shareholder claim for breach of fiduciary duties by the Fannie and Freddie boards. Fannie-Freddie Case Shows Messy Nature of Deal-Making in a Panic 2014-10-02T04:00:00Z Hoping to achieve greater accountability wronged investors have filed many cases against top corporate officials, accusing them of breaching fiduciary duties and of other misdeeds. Shareholders, Disarmed by a Delaware Court 2014-10-25T04:00:00Z The idea that a board is forced to sell something because of fiduciary duties may be warranted, but that would mean no alternatives existed, like in the sale of Bear Stearns to JPMorgan Chase. In Trying to Save Darden, Its Board Sealed Its Own Demise 2014-09-30T04:00:00Z In order to constitute insider trading, the person disclosing the non-public information, known as the tipper, must do so in violation of a fiduciary duty. Former Wells Fargo Employees Charged With Insider Trading For Trading On Research Reports 2014-09-29T04:00:00Z Regulations require that registered investment advisers put their clients’ interests ahead of their own and that they operate under what is also known as a fiduciary duty. Behind Private Equity’s Curtain 2014-10-18T04:00:00Z The lawsuit alleged that the United States breached its fiduciary duty in managing, investing and accounting for revenue from farming, grazing, mineral development, timber harvesting and housing. Navajo to get $554 million in settlement with US 2014-09-25T04:00:00Z The SEC claims that Lincolnshire Management breached its fiduciary duty to its private equity funds by improperly benefitting one fund over another by misallocating the expenses. T.J. Maloney's Private Equity Firm Pays $2.3 Million To Settle SEC Charges 2014-09-22T04:00:00Z Moreover, the directors felt that the board’s fiduciary duties required them to sell Red Lobster at the time. In Trying to Save Darden, Its Board Sealed Its Own Demise 2014-09-30T04:00:00Z Three of five board directors were also individually sued for breaching their fiduciary duties, causing big rises in our monthly fees. Should association reserves be invested in a non-FDIC-insured firm? 2014-09-21T04:00:00Z But after being presented with an excerpt from the agreement, she acknowledged that its language allowed “a modification of our fiduciary duties.” Behind Private Equity’s Curtain 2014-10-18T04:00:00Z Earlier on Thursday, more than 90 former business partners of AT&T demanded that the FCC block the DirecTV bid, saying that AT&T engaged in anti-competitive behavior and violated fiduciary duty. Microsoft calls on U.S. FCC to approve AT&T's bid for DirecTV 2014-09-18T04:00:00Z “Advisers that commingle assets across funds must do so in a manner that satisfies their fiduciary duties to each fund and prevents one fund from benefiting to the detriment of the other.” T.J. Maloney's Private Equity Firm Pays $2.3 Million To Settle SEC Charges 2014-09-22T04:00:00Z But the sponsors owe them the same level of fiduciary duty they pay to any other equity investor. Move Over, Kickstarter: Real Estate Equity Crowdfunding Is Catching On With Investors 2014-09-10T04:00:00Z Hiring a manager or management company does not absolve directors from their fiduciary duties to the titleholders. Who will investigate management firm fraud, obstructionist directors? 2014-09-07T04:00:00Z “If they have a fiduciary duty being in the role of a trustee, I think a bank or broker takes extra risk when it puts its own proprietary funds in an investor’s account,” Maddox said. Church lawsuit is latest spat over Lilly bequests 2014-08-31T04:00:00Z The Federal Deposit Insurance Corp. says Michael Dahir, who served as the bank’s president and CEO from 1988 until 2012, breached his fiduciary duty to the bank and caused it to incur losses. Ex-Omaha band president banned from banking 2014-08-30T04:00:00Z As of July, breach of fiduciary duty is the No. 1 complaint teeing up arbitration. What Your Financial Advisor’s Mandatory Arbitration Clause Means for You 2014-08-28T04:00:00Z Such activities, as well as converting the debt proceeds to his own use, violated his fiduciary duties to Yellowstone and hastened the resort’s bankruptcy, the judge found. Yellowstone Club Trustee Offers Bounty To Find Blixseth's Missing Millions 2014-08-20T04:00:00Z |
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