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Shareholders Derivatives



Claims for breach of fiduciary duty typically arise when a company's directors and officers cause the company to violate the law, exposing the company to criminal or civil penalties, massive losses, and to damaging litigation, such as securities fraud class actions. The fiduciary duties owed to a corporation by its directors and officers include the duties of due care and loyalty, and require directors and officers to obey the law (and cause the corporation to obey the law).

For example:

  • No director or officer may take hold of a corporate opportunity for personal gain without giving the corporation the chance to take full advantage of that opportunity.
  • No director or officer may place his or her personal improvement ahead of that of the corporation.
  • Nor may a director or officer simply leave his duties to the corporation.

If you are a shareholder of a corporation which has been harmed through a breach of fiduciary duty by its officers and directors, and you held your shares continuously from the period during which the wrongs occurred through the present, you may be eligible to bring a claim on the company's behalf against the directors, officers and third parties, such as the company's auditors, who harmed the corporation.

We are a professional, ethical and experienced team of lawyers representing people just like you: individuals, consumers and small business owners.

Members of our attorney team are recognized nationally as class action and complex litigation specialists in defective pharmaceuticals and medical devices, toxic chemicals, price-fixing, and antitrust violations. Our record speaks for itself.

We are a professional, ethical and experienced team of lawyers representing people just like you: individuals, consumers and small business owners.

Members of our attorney team are recognized nationally as class action and complex litigation specialists in defective pharmaceuticals and medical devices, toxic chemicals, price-fixing, and antitrust violations. Our record speaks for itself.

If you think you might have a Derivatives case, you are encouraged to contact the law firm of Audet & Partners, LLP at 800.965.1461 to speak to an attorney. The call is free, and there is no obligation. You may also email us. Act now, as delays can harm your case.