'Faithless Servant' Must Surrender All Income

The Second Circuit, in a rare venture into the realm of damages resulting from a breach of the duty of loyalty, has ruled that a "faithless servant" must surrender all income, including investment opportunities, after the date the disloyal acts began.

4 minute read October 01, 2003 at 11:16 AM
By
Law.com Staff
'Faithless Servant' Must Surrender All Income

The Second Circuit, in a rare venture into the realm of damages resulting from a breach of the duty of loyalty, has ruled that a “faithless servant” must surrender all income, including investment opportunities, after the date the disloyal acts began.

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