Director and Officer Liability
We have experience defending officers and directors against claims made by companies, shareholders and investors concerning the director’s and officer’s performance of their duties to the corporation, including defending eleven (11) officers and directors against breach of fiduciary duty and related claims in the amount of $250 million.
Boutin Jones Inc. served as litigation counsel for eleven former officers and employees of a software start-up against $250 million damage claims for alleged breach of fiduciary duty, fraud, and misappropriation of trade secrets. Following successful dispositive motions on plaintiff’s claims and motions in limine, the firm’s trial team was able to secure a favorable settlement for its clients at the start of the anticipated four month jury trial, settling the case during the three days of jury selection for $2.5 million, just 1% of the amount sought at trial. Shareholder Bob Swanson was the primary Boutin Jones attorney on this matter.