A Survey Of Fla. Fiduciary Duty Breach Claims Against Banks
By Andrew Steif ( April 30, 2018, 12:27 PM EDT) -- Florida's federal and state courts have long held that generally, a bank or financial institution does not owe its customers a fiduciary duty. However, a large percentage of lawsuits filed against banks by their customers contain causes of action for breach of fiduciary duty. These claims find support in a small number of opinions from the Florida Supreme Court and other Florida state courts that held that a bank may owe a fiduciary duty to its customers under "special circumstances." All of these cases were decided multiple decades ago. Many recent opinions continue to cite the legal burden for a claimant to plead and prove that a bank owed a fiduciary duty....
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.
A Law360 subscription includes features such as
- Daily newsletters
- Expert analysis
- Mobile app
- Advanced search
- Judge information
- Real-time alerts
- 450K+ searchable archived articles
And more!
Experience Law360 today with a free 7-day trial.