EXECUTIVE LIABILITY

In conjunction with our professional liability practice, LITCHFIELD CAVO litigators have the special expertise to defend officers, directors, or business entities when sued in civil actions by shareholders, other investors (such as limited partners), or a wide variety of third parties. Officers and directors are increasingly targeted for their actions, or alleged failures to act, by plaintiffs suffering losses in a wide variety of contexts. In bringing such suits, plaintiffs rely not just on common law theories such as negligence, breach of fiduciary duty, and claimed fraud, but also on a proliferating number of federal and state statutory remedies arising in such areas as securities law, civil rights law, environmental law, or food and drug law.

General examples of suits we have defended include:

  • Defended Director of Savings and Loan Association that was sued by various entities after the failure of that institution.
  • Defended a class action brought against the Directors and Officers of a major accounting firm by investors in certain ventures that failed including the construction of refineries nationally.
  • Defended Directors of a law firm accused of breach of fiduciary duty and mismanagement by a former shareholder.
  • Defended Directors of a major manufacturing company sued by its former President who had been ousted.
LITCHFIELD CAVO is also called upon to act as coverage counsel in connection with claims under primary and excess policies to analyze whether coverage exists for officers, directors, or business entities sued in such litigation.
 
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Wisconsin California
303 W. Madison
Suite 300
Chicago, IL 60606
312-781-6677
312-781-6630 F
40 Tower Lane
Suite 200
Avon, CT 06001
860-255-5577
860-255-5566 F
6 Kimball Lane
Suite 200
Lynnfield, MA 01940
781-309-1500
781-246-0167 F
420 Lexington Ave.
Suite 2104
New York, NY 10170
212-434-0100
212-434-0105 F
1800 Chapel Ave.W
Suite 360
Cherry Hill, NJ 08002
856-854-3636
856-751-1230 F
5201 W. Kennedy Blvd.
Suite 450
Tampa, FL 33609
813-289-0690
813-289-0692 F
600 Corporate Dr.
Suite 600
Fort Lauderdale, FL 33334
954-689-3000
954-689-3001 F
13400 Bishop's Lane
Suite 290
Brookfield, WI 53005
262-784-8800
262-784-8812 F
245 S. Los Robles
Suite 450
Pasadena, CA 91101
626-683-1100
626-683-1113 F

An Illinois Limited Liability Partnership