Founder Violated Fiduciary Duty In Failing to Disclose Value of Property

Court says founder did not act in good faith in failing to disclose value of camp buildings in sale of jointly owned ranch

The chair of the board and founder of a nonprofit camp for kids with cancer has been found liable for breach of fiduciary duty when she failed to disclose the appraised value of camp buildings sold in a package with real estate owned by the founder and her husband. The Supreme Court of Idaho has affirmed a trial court finding that the founder acted in bad faith in failing to disclose the appraisal and reducing the payment to the camp.

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Founder Violated Fiduciary Duty In Failing to Disclose Value of Property

Founder Violated Fiduciary Duty In Failing to Disclose Value of Property