With Claims Of Breach On The Rise, CEB Releases New Fiduciary Duties Guide
OAKLAND, Calif., March 30, 2016 /PRNewswire-USNewswire/ -- Continuing Education of the Bar (CEB), the leading source for legal education and legal research solutions for California lawyers, has just published a new book, Understanding Fiduciary Duties in Business Entities.
This is the first book to consolidate coverage of the law of fiduciary duties in the context of California- based business entities. It is intended to serve as an essential reference for business litigators seeking to initiate or defend breach of fiduciary duty claims as well as for business attorneys counseling clients about compliance with fiduciary duties and possible protections from liability.
Allegations of breach of fiduciary duties have reached a new high in the state. In the first three months of 2016, there were 103 unpublished and 10 published California state court cases involving breach of fiduciary duty.
Because they themselves owe fiduciary duties to clients, and because California state law expressly provides for tort damages, including punitive damages, to be recovered for an intentional breach of fiduciary duty, solid knowledge of fiduciary law is crucial for any California attorney. In one recent case, the plaintiff was awarded an extra $1 million (25% more) as punitive damages when a breach of fiduciary duty claim was added to a claim for breach of contract.
Understanding Fiduciary Duties in Business Entities provides a new alternative to doing original case- law research and consulting separate guides for each type of business entity. The book distills and clarifies much confusing and scattered information, and includes chapters on breach of fiduciary duty litigation, indemnification, and liability insurance as well as separate chapters addressing fiduciary duties in LLCs, partnerships, for-profit corporations, nonprofits, and for individual professionals. Authors include Phil Jelsma, Jeff Makoff, Ed Gartenberg, and David Parker.
The title also makes an important new contribution to California legal scholarship in Chapter 6, "Fiduciary Duties in Family Businesses and Transactions," a topic covered by no other book. California's 1.4 million family businesses are a significant force in the state economy and a factor in an increasing number of court proceedings each year.
The book can be purchased from CEB by calling 800.232.3444 or going to ceb.com. CEB is a self- supporting program of the University of California that is cosponsored by the State Bar of California.
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SOURCE Continuing Education of the Bar (CEB)
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