DRBDCDan River Business Development Center
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References in periodicals archive ?
He determined that defendant had breached his fiduciary duties to plaintiff by failing to disclose his actions on behalf of the Zelman brothers, thus depriving plaintiff of the option of withdrawing from the business arrangement before DRBDC had advanced the loan funds.
"The duty of full disclosure is a hallmark of a fiduciary relationship, and Herman breached this duty when he failed to advise [plaintiff] that he was a director of the DRBDC and that he was having separate discussions and receiving instructions from the Zelman brothers.
When the monies were disbursed by Herman in breach of his fiduciary duties, a series of events followed involving the deposit on the land purchase, and demands of DRBDC that resulted in [plaintiff] losing his three ostriches."