There are many different businesses in Florida. However, no matter how big or how small a company is, it needs to have good leadership to be successful. Obviously larger companies will need more people in positions of leadership than smaller ones, but all those in leadership positions need to work together in the best interests of the company. However, this is not always the case and sometimes people in positions of power will act on their own behalf instead of the company’s behalf.
When this occurs, the company may be faced with a business tort. These can come in a variety of forms such as fraud, breach of a duty of care, loyalty, or fiduciary duties, negligent misrepresentation on contracts, usurpation of business opportunities and many others. Basically, business torts include any type of actions in which the people responsible for the tort were intentionally trying harm the company for their own benefit or the benefit of others.
These types of actions can cost the company millions of dollars depending on the type of tort that was committed. They can also be very personal in some situations since the people running these companies put their trust in each other and when that is breached, it can be very personal to the people involved. The victims of these actions may want to seek compensation. The compensation sought may pay for the damages caused by the torts, which can be very valuable and even essential to ensure the company continues to run smoothly.
There are many different types of business torts and many are committed every year in Florida. It is important that companies are able to hold the people committing them accountable and to recover money for their losses. At Payton & Associates we have handled many of these cases and understand the importance of them to the companies and the individuals running the companies. For more information on this topic please visit the business tort page on our website.