At Zagrans Law Firm, our litigation defense attorneys are skilled in responding to claims of corporate director and officer liability in lawsuits initiated by shareholders and by third parties. Our lawyers have defended directors and officers against allegations of personal liability arising from a variety of circumstances and corporate litigation.
A corporate director or an officer has a fiduciary duty both to the company and its shareholders. This is a higher level of responsibility than an employee of the company has. For example, an officer or director must act in good faith for the benefit of the business, must refrain from self-dealing, and must make decisions on an educated basis and in the honest belief that the action is in the best interests of the company.