The answer is clear, at least to the plaintiffs' bar, who routinely allege claims for breach of fiduciary duty in what are otherwise garden variety tort cases.
What does FD stand for?
FD stands for Fiduciary Duty
This definition appears very frequently and is found in the following Acronym Finder categories:
- Military and Government
- Organizations, NGOs, schools, universities, etc.
- Business, finance, etc.
See other definitions of FD
We have 56 other meanings of FD in our Acronym Attic
- Feasible Distance
- Federal District
- Federal Document
- Federation of Democrats
- Feeder Data
- Feign Death (Everquest)
- Fiber Drum (environmental waste)
- Fidei Defensor
Samples in periodicals archive:
An escalating legal trend toward recognition of the fiduciary duty of residential mortgage loan brokers is apparent.
Courts in recent years have imposed a fiduciary duty on persons in numerous other types of relationships.
16400 defines a breach of trust as a violation of any fiduciary duty and can be separated into three types: ordinary negligence, gross negligence (recklessness) and intentional (willful) breach of trust.
If you are employed by any company, you have a fiduciary duty to that company.
A company must act when there is credible evidence which would cause a prudent and competent attorney to reasonably believe that a material violation of federal or state securities law or breach of fiduciary duty or similar violation of any federal or state law has occurred, is occurring or is likely to occur, and is discovered by an attorney covered by the act, and this violation was by an issuer or agent of the issuer; and the violation is likely to result in substantial injury to the financial interests or property of the issuer of to investors.
However, in many states, including California and Delaware, directors may become subject to claims by creditors for breach of fiduciary duty if they take or fail to take certain actions when a corporation is in the vicinity of insolvency.
Q: If a member of a national association's board of directors is also a member of a state or local affiliate's board, what fiduciary duty is owed to the associations and which fiduciary duty takes precedence--the duty to the national board or the duty to the affiliate board?