A woman established an account with her life savings at a major brokerage firm, granting her son a power of attorney over the account. While she was in an assisted living facility, her son proceeded to drain her funds to sustain his business. She learned that he had exhausted the account when she was evicted from the facility. And without her funds, the son's business immediately failed. We were able to recover her loss, however, from the brokerage firm. We demonstrated that the broker knew that the son was not using her funds for her benefit. By not advising her, the broker breached his fiduciary duties as her broker and aided the son's breach of his fiduciary duties to his mother.
Faithless Fiduciary
- Contract Disputes
- Unfair Competition
- Business Fraud
- Real Estate Litigation
- Oil & Gas Litigation
- Disputes Among Business Owners
- Intellectual Property Litigation
- Employment Disputes
- Non-Competition and Non-Solicitation Agreements
- Consumer Litigation
- Condemnation Cases
- Breach of Fiduciary Duty Cases
- Creditors Rights in Bankruptcy
- Construction Contract Disputes
- Commercial Collections
- Debt Recovery Strategies
- Franchise Litigation
- Restrictive Covenants Disputes
- Misrepresentation and Non-Disclosure
- Embezzlement Fraud
- Construction Defect Litigation
- Employment Severance Agreements
- Transportation Projects and Eminent Domain
- Contest for Corporate Control
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