Fiduciary Duties in Arms-Length Business Transactions

New York Law Journal

Lara A. Flath

Partner Lara Flath and associate Thania Charmani review a recent holding that diverges from the well-established principle that arms-length transactions generally do not create fiduciary obligations and arguably raises the bar for fiduciaries by expanding the scope of liability stemming from transactions that would ordinarily be shielded from scrutiny.