In the business world it is not uncommon for an owner to have interest in several different companies. Being diversified in their business interests is a good way to guard against lost income that can occur when you have all your eggs in one basket. This owner or shareholder had a fiduciary interest to the company they own. A conflict of interest occurs when those fiduciary interests clash with one another. When this happens, a South Florida conflict of business interests lawyer can sue to have that owner removed in order to preserve the integrity of the company.
Generally, a contract or other transaction between a corporation and one or more of its directors or any other entity in which one or more of its directors or officers are financially interested is voidable, where the interested directors are at the meeting which authorizes, approves, or ratifies such contract or transaction. However, the Florida Business Corporation Act permits such contracts or transaction provided that specific requirements are met. At Schecter Law, we have the experience and knowledge to prosecute and defend lawsuits pertaining to directors’ conflicts of interest and conflict of interest transactions.
An example would be a politician who also owns a construction company. On a government project, after receiving several bids, he chooses his own company to handle the construction even though it may not have been the lowest. Here, the politician has a conflict of interest: he owes a duty to his constituents to find the best price possible but also has a duty to the shareholders of his company to make as much profit as possible. While this is an extreme example, similar transactions occur everyday and can cross (or get close to crossing) the line in conflict of interest.
Because we both prosecute and defend these claims, we have a complete understanding of the process and know what to look for in a given case. Our team of Fort Lauderdale conflict of business interest lawyers will work to identify all relevant details and work to get you the best outcome possible.
We utilize the team approach because we believe that collaboration enhances the quality of service to our clients, and adds value to our representation. Our attorneys bring insightful legal analysis and hard work in every aspect of your case. We dedicate detailed and in-depth attention and analysis to all of our cases at a level that surpasses the big firms, but with legal fees that do not. This allows you to save money while sacrificing nothing in terms of expertise or quality of representation. We take great pride in our client satisfaction and in fostering a level of trust through open communication.
We are committed to our clients as we are to their cases – Your phone calls are returned promptly; the lawyer assigned to your file is directly accountable to you; and, you will always be able to contact the partner in charge directly, without any buffers. If you are currently involved in a conflict of interest dispute, contact the South Florida conflict of business interest attorneys at Schecter Law. We strive to produce satisfied clients and we would be happy to assist in any foreclosure proceedings you may have.