Orlando — Tampa — Ft. Myers — West Palm Beach
Business Management Lawyers
Skilled Assistance with Director or Officer Liability
When an individual is elected into a position as an officer or director of a corporation, he or she is held to a high legal standard of performance of their corporate obligations. If these obligations are not fulfilled with due diligence, the corporation and shareholders could suffer immensely. The law firm of Higley & Szabo, P.A., offers over 45 years of legal experience and persistently represents directors, officers, shareholders, and corporations in director or officer liability litigation. Contact our Central Florida director and officer liability attorneys today to discuss your representation.
Obligations and Liability
An officer or director of a corporation has a statutory obligation to fulfill his or her fiduciary duties, contractual duties, business organizational duties, and other duties, including:
If a director or officer breaches a statutory duty of diligence or other duty, they could be subject to a shareholder's derivative action in which they could be held liable for their actions. Our firm represents shareholders, directors, and officers in shareholder derivative claims and in director or officer liability claims.
Ratification and Indemnification
When our lawyers represent an officer or director involved in liability claims, we work to establish proof that the individual performed their duties in good faith, made well-informed decisions, or to establish corporate ratification of their actions. Common law, statutory law, and corporate documents such as a shareholders agreement or bylaws provide means for indemnification of the officer or director. This usually provides indemnification of an officer or director for most acts except acts not approved and criminal acts.
Contact Higley & Szabo, P.A.
Undertaking the role as a director or officer is a serious and significant responsibility which includes a full range of fiduciary duties. Breach of these duties could result in serious consequences. For assistance in defending your actions as an officer or director, or for assistance in establishing officer or director liability, contact our Central Florida business management lawyers to discuss how we can assist you.
The law firm of Higley & Szabo, P.A., located in Lake Mary, Florida, represents clients throughout Central Florida, the greater Orlando area, and on the Space Coast, including Orange County, Seminole County, Polk County, Osceola County, Lake County, Hillsborough County, Volusia County, and the communities of Altamonte Springs, Daytona Beach, De Land, Fort Myers, Fort Pierce, Jacksonville, Kissimmee, Lakeland, Naples, Ocala, Orlando, Sanford, Sarasota, St. Petersburg, Stuart, Tallahassee, Tampa, Vero Beach, and West Palm Beach.