Nebraska Complaint - Trade Secrets - Misappropriation by Former Employee and Prospective Purchaser - Breach of fiduciary duty
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FAQ
While a breach of fiduciary duty is primarily a civil matter with monetary penalties, related actions might lead to criminal charges. The main consequence is compensation for financial losses. However, the context of the breach can determine if criminal implications arise.
The breach of fiduciary duty must have caused harm or resulted in some sort of damages to the party who trusted the fiduciary. Or, the breach of fiduciary duty must be the direct and foreseeable cause of the damages suffered by the harmed party (proximate cause).
These include: Fraud that is committed by a trustee or an executor. Embezzlement that is carried out by an administrator or executor. Negligent or intentional oversight or investment of assets that were held in a trust or by an estate.
Winning a Breach of Fiduciary Duty Complaint The plaintiff must prove that the defendant failed their duty by withholding pertinent information, by misappropriating funds, abusing their position of influence, failing in their responsibilities or misrepresenting the statement of fact.
The four elements are: The defendant was acting as a fiduciary of the plaintiff; The defendant breached a fiduciary duty to the plaintiff; The plaintiff suffered damages as a result of the breach; and. The defendant's breach of fiduciary duty caused the plaintiff's damages.
The elements of a cause of action for breach of contract are (1) the existence of a promise; (2) a breach of that promise; (3) damage; and (4) the promisee's compliance with any conditions precedent.