Cornyn is looking into whether the lawyers breached their fiduciary duties to a client, Texas.
Such arrangements are, in our opinion, inconsistent with fiduciary duties regarding safekeeping of assets.
Other considerations support the claim that social responsibility is not inconsistent with fiduciary duties.
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There is no basis for the claim that Mr. Corzine breached his fiduciary duties or was negligent.
These examples are certainly not definitive, but they illustrate a shift in the way that fiduciary duties are evaluated.
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The court further held that the transfer was fraudulent and that he had breached his fiduciary duties to the debtors.
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"There simply is no basis for the suggestion that Mr. Corzine breached his fiduciary duties or was negligent, " the statement said.
The PSLRA tightened pleading standards but still allowed for lawsuits over fiduciary duties to remain in procedurally more liberal state courts.
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Even corporate boards of directors who are dealing with other consenting adults cannot completely waive their fiduciary duties to their shareholders.
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Lanceford director Patrick Huen Wing-ming was also named in the case that seeks damages from the defendants for breaching their fiduciary duties.
Branca and McClain say they have diligently carried out their fiduciary duties.
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As we have said before, there simply is no basis for the suggestion that Mr. Corzine breached his fiduciary duties or was negligent.
While the SEC generally opines that disclosure of material facts to investors is sufficient, fiduciary duties require far more when dealing on behalf of pensions.
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If a member, partner or shareholder has misused corporate assets or grossly violated fiduciary duties owed to the corporation, a court may appoint a receiver.
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Mr Geanakoplos reckons this would address the incentive problems and legal issues faced by servicers, which often have fiduciary duties to holders of mortgage securities.
Learn about fiduciary duties and how people and firms get paid.
Moreover, take advantage of U.S. laws requiring full financial disclosure and the performance of fiduciary duties between spouses, requiring fair and honest dealing during divorce or separation.
That being said, the law has changed little with regard to the fiduciary duties that govern the actions and business decisions of corporate executives and financial advisors.
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The board would, within 30 days, review and take a position on any such offer, consistent with its fiduciary duties and in the best interests of shareholders.
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However, it should still allow the board to exercise its fiduciary duties to the corporation in the event the executive director is not performing to the stated standards.
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Scott Farmer and other Cintas executives are accused by the bankruptcy trustee of preparing bogus financial statements, violating their fiduciary duties and "conspiring" with Terry Manufacturing to deceive creditors.
Because they owe fiduciary duties to their own investors, they must delve deeply into whether a new idea can work, the people behind it and whether there is a market for it.
More often than not, the explanation is that the 401(k) investment decision-making process at large companies has been corrupted and, contrary to fiduciary duties, the best interests of employees are not being solely pursued.
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Today the focus is upon sponsors of defined contribution plans that have not diligently fulfilled their fiduciary duties regarding conflicts of interest, excessive costs, abusive practices and investment performance related to management of these plans.
In his quote, Milton Friedman alludes to the traditional notions of fiduciary duties of corporate officers and other agents like financial advisors that require a strict duty of loyalty to the interests of the principle (the shareholders).
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The Special Committee will, consistent with its fiduciary duties and in consultation with its independent financial and legal advisors, continue to evaluate the DISH Proposal and engage in discussions with each of DISH and Sprint, as appropriate.
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The Special Committee will, consistent with its fiduciary duties and in consultation with its independent financial and legal advisors, continue to evaluate the DISH Proposal and the letter from Sprint and discuss them with each of DISH and Sprint, as appropriate.
While legal practitioners, for the reasons discussed above, are inclined to leave well enough alone and allow the Shariah scholars and authorities sole access to this black box, professional and fiduciary duties and responsibilities do not permit such a hands-off approach.
In addition, our Board would confirm, subject to its fiduciary duties, that from now until April 30, 2008 (the "Quiet Period"), the Company will not pursue negotiations with any other potential strategic partner for a business combination unless we have first contacted you.
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