Helping Shareholders Recover Fair Compensation for Their Losses
The directors and officers of any corporation owe a fiduciary duty to the entity — that is, a duty to put the interests of the company´s shareholders ahead of their own personal interests. The directors and officers of publicly traded companies owe additional duties to shareholders. When they fail to live up to these responsibilities, they can be held legally accountable.
At the law firm of Schachter Harris, LLP, our Texas securities litigation attorneys help investors pursue claims against corporate directors and officers who have harmed our clients´ interests. Based in the Dallas area, we have gained a nationwide reputation as trial lawyers with the experience and insights to effectively present complex financial and legal issues to juries.
Understanding the Rules Governing Corporate Directors and Officers
The law governing corporate entities gives directors and officers broad latitude to exercise business judgment without having that judgment second-guessed through shareholder litigation. However, officers and directors who take actions that are clearly adverse to the interests of shareholders can be held accountable. The following are a few examples:
- Usurping corporate opportunities for personal gain to the disadvantage of shareholders
- Allowing conflicts of interest to develop and failing to disclose those conflicts to investors
- Taking actions that benefit majority owners to the detriment of minority shareholders
- Failing to properly monitor and oversee the actions of corporate management
If the value of your investment in a corporation has been harmed by the actions of the directors and officers, our attorneys can help you explore your legal options, which may include bringing a private action or a shareholder derivative lawsuit. To discuss your case, please contact us to schedule a consultation.
