Defending Against Claims of Personal Liability
At Cobb Martinez Woodward PLLC, our litigation defense attorneys are experienced in responding to claims of corporate director and officer liability in lawsuits initiated by shareholders and by third parties. Based in Dallas, we handle cases throughout North Texas, Central Texas and East Texas.
CMW lawyers have defended directors and officers against allegations of personal liability arising from a variety of circumstances and corporate litigation. We are dedicated to providing effective and efficient counsel.
Responding to Shareholder and Third-Party Allegations
Directors and officers often can avoid personal liability for corporate decisions made in the exercise of reasonable business judgment. However, they may be named in lawsuits, whether or not there are any valid claims against them. Our firm handles cases such as the following:
- Breach of fiduciary duty: Directors and officers may be sued by their own businesses or individual shareholders for allegedly breaching their fiduciary duties by spending too much time on, or diverting potential assets to outside business interests.
- Claims directed at the business: Directors and officers are often named in lawsuits in which allegations are being made against their companies. Often, they are not proper parties and can successfully get the personal claims against them dismissed.
- Failure to train and supervise: Directors and officers may also be named in lawsuits alleging that they have personal liability for the misconduct of their businesses' due to their claimed failure to establish and enforce appropriate policies and procedures.
Often, companies purchase insurance policies to protect their directors and officers from personal exposure to claims. We are experienced at working in the interests of our individual clients while complying with the budgeting, billing and reporting guidelines of their insurance carriers.
Please contact us at our offices in Dallas to schedule a consultation.
