Q: I believe a New York fiduciary breached a duty owed to me, but I am concerned about the amount of time that has passed. What should I do?
Similar to other claims under New York law, breach of fiduciary duty actions are subject to statutes of limitations. The unique aspect of breach of fiduciary duty claims, however, is that the length of time will vary, depending on the type of relief that is sought. Since failing to bring your claim within the appropriate period could cost you the case, it is vital that you act quickly.
If you are considering bringing a breach of fiduciary duty claim in New York, consider taking the following actions:
- Consult with a knowledgeable New York business litigation attorney immediately. Every day counts when facing a statute of limitations. Your attorney can help to assess the circumstances of your case as well as calculate the statute of limitations that will apply to your particular claim.
- Create a timeline as to the entering into of the fiduciary relationship through the time of the alleged breach.
- Gather evidence that supports your claim that the fiduciary breached the relationship.
- Obtain copies of all communications relating to the alleged breach.
Since the clock is likely already ticking, it is important not to delay in moving forward with your case. Waiting too long may result in an inability to recover damages for the breach that occurred.
To learn more about the time limitations that you face when bringing a breach of fiduciary duty claim in New York, contact an experienced New York breach of fiduciary duty attorney for today. Call our office tat (888) 497-3410 for a consultation.