March 21, 2006
Jury’s Breach of Fiduciary Duty Verdict Reversed
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The former owner of a Chevrolet dealership in West Babylon, New York, won a $2.3 million jury verdict against GM in 2004. The dealer alleged that GM breached its fiduciary duty to him by stopping him from disciplining employees whom he accused of stealing from the dealership. The U.S. Court of Appeals for the Second Circuit reversed the jury verdict, finding that there was “no cognizable theory underlying” the dealer’s fiduciary duty claim.
Posted by franchiselawblog at March 21, 2006 03:21 PM