Thursday, December 19, 2013

Business Torts with Brent M. Cordell

Business litigation involving tort claims can arise in many contexts, ranging from counterclaims in contract or employment litigation to shareholder rights disputes upon the departure of a key equity partner, executive, or professional employee. Tort claims can also figure significantly as an original claim or counterclaim in litigation related to the purchase or sale of a business or any other major event in the course of the operation of your business.

Business torts are civil wrongs that are committed by or against an organization, frequently involving harm done to the organization’s intangible assets, such as its business relationships with clients or its intellectual property. 
Misrepresentation is also a common type of business fraud, transpiring when one party intentionally falsifies a material fact in order to induce another party to perform or refrain from performing in a certain manner. In order to prove misrepresentation, the plaintiff must show that he or she relied on the defendant’s misrepresentation and was harmed as a result. Other types of business fraud include embezzling company assets, falsifying financial statements, and forging work hours.

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