Florida Breach of Fiduciary Duty Claims

Matters we handle

• Self-dealing and undisclosed conflicts of interest
• Diverted business opportunities
• Misuse of company funds or assets
• Claims against managers, directors, officers, and partners
• Derivative claims on behalf of the company
• Demands for an accounting
• Defending officers and managers against claims
• Removal and buyout of the responsible owner

Florida law at a glance

• Managers of manager-managed Florida LLCs, and members of member-managed LLCs, owe duties of loyalty and care under section 605.04091. Directors of Florida corporations owe duties under section 607.0830, and partners under section 620.8404.
• Claims for breach of fiduciary duty are often subject to a four-year statute of limitations, though some claims may have a shorter period (section 95.11, Florida Statutes).
• When the harm is to the company, the claim is often brought as a derivative action, which usually requires a demand on the company first.

General information about Florida law, not legal advice about your situation. Deadlines and requirements depend on the facts and the documents involved.