Business tasks can often only be delegated to those who one trusts but the unfortunate truth that many Los Angeles residents may be aware of is that many people often betray that trust and that betrayal not only cuts emotionally but can also have financial repercussions. As discussed previously on the Silicon Beach Business Litigation Attorneys blog, people often use a fiduciary to take certain decisions for them and to act in their interest, but when the fiduciary breaches this trust, it may be possible to engage in business litigation against them.
A breach of a fiduciary relationship claim can be brought through a civil action of negligence and it is often easier to prove than fraud. It must be shown that the two parties entered into a fiduciary relationship with one another and that the fiduciary breached this duty. A variety of damages could result from the suit, from the damages for lost profit, the salary paid to the employee or lost profits even if they were not actually incurred.