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Fiduciary Litigation

Professionals entrusted with managing the financial affairs of investors, employees, policyholders, or beneficiaries, may have a fiduciary responsibility.  When allegations of financial mismanagement or malfeasance occur, litigation may be the only means of obtaining compensation.

Williamson & Rusnak works with forensic accountants and investigators to expose any financial mismanagement and with expert economists to accurately determine the losses suffered.  Our attorneys have the experience and knowledge needed to litigate cases involving alleged wrongdoing on the part of insurance agents, investors, CFOs, and estate trustees.  To schedule an appointment to discuss your case, contact Williamson & Rusnak.

In general, the responsibility of a fiduciary involves the following:

• Fiduciaries are required to place the interest of a beneficiary above their own; consequently, fiduciaries cannot place their interests before that of a beneficiary.

Should a situation arise where a fiduciary may have to act in a manner opposed to the interest of a beneficiary, he or she must inform their beneficiary. If a fiduciary would like to act in a manner opposed to their beneficiary, he or she must obtain permission to do so from the beneficiary in question.

Fiduciaries cannot accept a role that would require them to act as a dual agent without first disclosing this information and receiving permission from their beneficiary

A fiduciary is expected to exercise due diligence in complying with all professional standards of conduct in exercising their duties. They are expected to provide maximum  protection in protecting the interests of a beneficiary.