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Fiduciary Liability

Fiduciary Liability

Overview

Claims of fiduciary liability are serious and require an experienced attorney that understands the intricacies involved, especially when complex financial and business matters are involved.

At Kelley Kronenberg, our business law attorneys have an in-depth understanding of fiduciary obligations and laws across a wide range of industries relating to fiduciary mismanagement. Our attorneys have decades of combined experience handling fiduciary liability and complex business matters, representing all types and sizes of public and private companies, including small businesses and individuals nationwide.

Our attorneys have experience in complex fiduciary liability cases, including the representation of:

  • wrongful denial or improper change in benefits
  • disputes as to plan administration
  • improper advice or counsel
  • failure to administer the plan according to plan documents
  • conflicts of interest and prohibited transactions
  • imprudent investment of assets or lack of investment diversity
  • imprudent selection and failure to monitor third-party service providers
  • penalties and fees levied by the Department of Labor and the Internal Revenue Service under a voluntary settlement program

A fiduciary obligation can exist in various types of relationships and a claim of breach can come in numerous forms, making these matters highly complex and fact-intensive. As a cross-disciplinary law firm, our broad experience and collaborative approach gives us the resources and insight needed to help our clients and achieve the best possible results.

Our attorneys have the knowledge and experience to determine whether or not a breach occurred, and what, if any, damages would remedy the situation. This requires a thorough investigation of the actions of the fiduciary, a meticulous review of all relevant documents and information, as well as assessing the fiduciaries duties under the law and other written documents, and the impact of the particular action involved.

A fiduciary duty is the highest duty imposed by law, and a breach can be grave, resulting in serious legal and financial implications, and professional consequences. Our attorneys leverage their superior negotiating skills to obtain the best resolutions for our clients both in and out of the courtroom.

A breach of fiduciary duty is a serious matter and frequently involves other dealings or complex financial transactions. Fiduciary liability cases should never be handled without an experienced attorney. Our attorneys will be there to carefully guide you through the legal process and provide innovative and creative strategies to achieve the best possible outcome in a timely, efficient, and cost-effective manner.