Rash v. J.V. Intermediate, Ltd
United States Court of Appeals for the Tenth Circuit
498 F.3d 1201 (2007)
Relevant factsFree
W. Clayton Rash (defendant) was hired to manage a Tulsa division of J.V. Intermediate, Ltd. (JVIC) (plaintiff), devoting his full working time to the company, and while serving as manager repeatedly selected Total Industrial Plan Services (TIPS) to provide scaffolding services for JVIC projects without ever disclosing that he personally owned TIPS. Even after JVIC opened its own competing scaffolding division, Rash never used it; JVIC sued Rash for breach of fiduciary duty and moved for summary judgment.
IssueFree
Whether an agent has a fiduciary duty to fully disclose all matters pertinent to a principal's business.