Ben Lomond, Inc. v. Louis Schwartz
The Alaska Supreme Court reversed a damage award for Lomond's breach of fiduciary duty to a joint salvage venture. The court found Lomond liable for improper charges to the joint venture. The damages were based on Schwartz's accounting records and testim ...
Reasonable Basis Required to Sustain Award of Damages for Breach of Fiduciary Duty
The Alaska Supreme Court reversed a damage award for Lomond's breach of fiduciary duty to a joint salvage venture.