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Fiduciary Duty Exploitation

Sheppard Mullin Richter & Hampton LLP

Tfue Lawsuit Sparks Scrutiny of Gamer Agreements and Esports Agency Activity

In a lawsuit filed yesterday against esports entertainment organization, FaZe Clan, Turner Tenney (“Tfue”), a twenty-one year old professional gamer and streamer alleges that the exploitation of young, unsophisticated content...more

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The Velvet Hammer: Undue Influence Based On Deceit, Fraud, and Relationship Poisoning and a Financial Institution’s Duty To Report...

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The normal view of undue influence involves an actor threatening an elderly or infirm person into signing a document that he or she otherwise would not sign. One imagines the actor having control over the person and threating...more

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Legislative Update: New Vulnerable Persons and POA Statutes

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On October 26, 2017, David F. Johnson presented “Legislative Update Impacting Fiduciaries,” to the Texas Bankers Association’s Advanced Trust & Portfolio Management Forum in San Antonio, Texas. This presentation discussed new...more

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New Texas Statutes That Impact Fiduciaries Become Effective Today (9/1/2017)

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The Texas Legislature passed, and the Governor has signed, a new act that creates new protections for vulnerable individuals. This impacts financial institutions, broker/dealers, and investment advisors. ...more

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Fiduciaries And Beneficiaries Should Be Aware Of Criminal Statutes

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There are several criminal statutes that implicate fiduciary activities in Texas that are not well-known: misappropriation of fiduciary property and financial exploitation of the elderly. Though these may be similar in some...more

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