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Daily Archives: Tuesday, March 10, 2020

Posted: March 10, 2020

Fiduciary With Unfettered Discretion Cannot Exercise That Discretion in Bad Faith

On February 27, 2020, the First Department issued a decision in Shatz v. Chertok, 2020 NY Slip Op. 01383, holding that even a fiduciary with unfettered contractual discretion cannot exercise that discretion in bad faith, explaining: The motion court correctly declined to dismiss the breach of fiduciary duty cause of action. In Richbell Info. Servs.... Read more »