Document Type

Article

Publication Date

1988

Disciplines

Law

Abstract

Fiduciary duty claims are becoming a hot litigation topic. Increasingly, plaintiffs in a variety of commercial situations are suing under some fiduciary duty theory. Formerly, fiduciary duties were only imposed upon persons occupying some special position such as trustee or guardian. Lately, however, the courts, in a limited number of circumstances have begun taking a second look at creating or expanding certain fiduciary duties. There are many legitimate arguments for limiting the extension of the fiduciary duty doctrine. Nonetheless, because of the changing conditions and demands in certain select areas of our commercial world, the imposition of fiduciary duties may be appropriate. The investment-banking field is one such area.

Publication Title

Hamline Law Review

Volume

12

First Page

43

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