fiduciary duty

(Wex page)
Overview

Apparent authority is the power of an agent to act on behalf of a principal, even though not expressly or impliedly granted. This power arises only if a third party reasonably infers, from the principal's conduct, that the principal granted...

(Wex page)
Overview

When someone has a fiduciary duty to someone else, the person with the duty must act in a way that will benefit someone else, usually financially.

The person who has a fiduciary duty is called the fiduciary, and the person to whom...

(LIIBULLETIN preview)

IBM, a global information technology company, provides its employees with the opportunity to invest in the company through an Employee Stock Ownership Plan (ESOP)—a retirement plan that invests in the stock of the company providing the plan. Jander v....

(LIIBULLETIN preview)

On September 1, 2011, Bassam Yacoub Salman was indicted for his involvement in an insider trading scheme involving members of his extended family. United States v. Salman, 792 F.3d 1, 3–7 (9th Cir. 2015). Specifically, the government charged Salman...

(LIIBULLETIN preview)

Respondent Edison International (“Edison”) is a holding company with interests in electrical utilities and other energy concerns, with a full-time workforce of over 14,000 employees. Tibble v. Edison Int’l, 711 F. 3d. 1061, 1066 (9th Cir. 2013); Facts...

(LIIBULLETIN preview)
Factual History

The Navajo reservation is the largest Indian reservation in the United States. See Navajo Nation v. United States ("Navajo VI"), 501 F.3d 1327, 1330 (Fed. Cir. 2007). The Navajo Nation's ("the Nation's") reservation lands contain a vast...