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Tag Archives: fiduciary duty

Md. appeals court revives shareholder suit alleging ‘de facto dividend’

Maryland’s second-highest court has revived the shareholder lawsuit of a man who claims his mother and brother illicitly enriched themselves while not paying him a “de facto dividend.”

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Rulings on science, fiduciary duty, marijuana top Md. high court’s term

Maryland’s top court ended its 2019-2020 session last week having issued landmark rulings permitting the admission of evidence based on emerging sciences, creating a cause of action for breach of fiduciary duty and ruling that police may not arrest and ...

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Some Md. financial firms find DOL fiduciary rule to their liking

With the Department of Labor slated to enact a rule next year requiring people who manage retirement funds to act as fiduciaries, financial services companies are looking at what this means for their offerings. While the rule change may make ...

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Feds sue Chimes for ERISA violations; nonprofit denies allegations

Chimes International Ltd., a Baltimore-based nonprofit that provides job training to the disabled, breached its fiduciary duty as overseer of its employee health plan, which was a cash cow for the plan’s administrators and an inappropriate source of donations to Chimes, the federal government alleges in a lawsuit.

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