Replies to post #33897 on Pulse Beverage Corp. (fka PLSB)

[jacksira]

I personally think BS Lying Yates is looking for his get out of jail card? Who will prosecute a 71 year old person for trying to salvage a company. He signed everyone of those toxic finance deals, he screwed the shareholders there should be consequences? Fiduciary Responsibility?

Breach of Fiduciary Duty Law and Legal Definition
A fiduciary duty is an obligation to act in the best interest of another party. For instance, a corporation's board member has a fiduciary duty to the shareholders, a trustee has a fiduciary duty to the trust's beneficiaries


fiduciary relationship, the law forbids the fiduciary from acting in any manner adverse or contrary to the interests of the client, or from acting for his own benefit in relation to the subject matter. The client is entitled to the best efforts of the fiduciary on his behalf and the fiduciary must exercise all of the skill, care and diligence at his disposal when acting on behalf of the client. A person acting in a fiduciary capacity is held to a high standard of honesty and full disclosure in regard to the client and must not obtain a personal benefit at the expense of the client.