Somewhat like a personal tort, a business tort occurs when the wrongful conduct of an individual or business causes financial harm to another business. Chicago commercial litigation lawyers can pursue tort relief for a variety of wrongful acts:
- Breach of fiduciary duty
- Tortious interference with contract
- Tortious interference with expectation
Our Chicago business tort lawyers have represented clients alleging a variety of business torts involving breach of fiduciary duty. Corporate officers, directors, high-level employees, agents and brokers, and business partners generally owe fiduciary duties. Cases asserting breach of fiduciary duty may involve allegations of withholding information, conflicts of interest, disloyalty, lying, fraudulent conduct, or reckless conduct. Proving these claims in court requires the skill of an experienced Chicago business attorney.
Fraud is one of the most common business torts. To prove fraud, a plaintiff must prove defendant made a false statement of material fact and that the defendant knew the statement was false. The defendant must have intended to induce the plaintiff to act, the plaintiff must have relied on the statement’s truth, and the plaintiff must have suffered damages because it relied on the statement. The reliance must be reasonable to win the fraud claim.
Another common business tort brought by our Chicago business litigation attorneys is the intentional or tortious interference with a business contract or prospective economic advantage. This tort is based on the idea that business relationships and advantages have value that should be free from unjustified or unfair interference by a third party. To recover for tortious interference with a contract, the plaintiff’s business tort attorneys must prove need to show that there was a valid and enforceable contract between you and another party, the defendant knew of the contractual relationship, and the defendant intentionally and unjustifiably induced a contractual breach. Experienced Chicago tortious interference attorneys must prove damages proximately resulting from the alleged harm in order to win at trial.
Tortious interference with prospective economic advantage is similar, but it is alleged when there was no contract between the plaintiff and another party. In order to establish this cause of action in Illinois, Chicago business litigation attorneys must prove: Plaintiff had a reasonable expectation of entering a business relationship; the defendant knew of this expectation; and the defendant intentionally and unjustifiably interfered such that it induced or caused a breach in expectation; and the plaintiff was proximately harmed by the alleged interference.