Breach of Fiduciary Duty Claims Revisited

Date: Tuesday, January 27, 2015
Time: 11:30am - 1:00pm
Location: Minnehaha Country Club
Speaker: Cannon Teleconference

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With the ever-increasing proliferation of litigation initiated by beneficiaries, fiduciaries today (especially those assumed to have "deep pockets") carry out their duties with targets on their backs. Keeping abreast of the latest issues and developments regarding fiduciary liability will help the fiduciary avoid becoming a sitting duck for criticism and claims. This teleconference will cover the following topics:
  • Examples of negligence, recklessness and willful misconduct
  • Required disclosures to beneficiaries
  • Beneficiary remedies: surcharge, reduction or denial of compensation and removal
  • Heightened standards of performance for professional fiduciaries
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