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If the neglect caused damages then you may have a case. You should consult with an attorney who can review your situation and explain your rights and options.
Furthermore, the bylaws of the HOA, or state law, may require that the board of directors maintain insurance covering their acts or neglect in fulfilling their duties. The specifics of that should be investigated. If there is such insurance, it should be readily disclosed to you. Make note of the insurance company name, the policy number, and the persons designated as being insured under the policy. If you consult an attorney for the matter, bring that information with you. It will make a difference in the attorney's assessment of the potential of the case, as insurance may provide a source of money damages.
Added: ... not to mention, the attorney's fee.
What else can I help you with?
Can one sue a fiduciary?
Yes. A fiduciary can be sued. You should consult with an attorney who specializes in litigation who can review your situation and the reason you think the fiduciary has violated their office. That is the only way you will know if you have a plausible cause of action.
What is difference between public and government company?
IT IS ESTABLISH UNDER SPECIAL ACT OF THE PARLIAMENT IT IS ESTABLISHED BY MINISTRY WITH OR WITHOUT PRIVATE PARTICIPATION Separate entity to sue and be sued Separate corporate existence Provided wholly by the government Part of it may be provided by entrepreneur's Board of directors Board of directors may include private individuals Parliament Government (ministry concerned )
Why would an estate administrator be sued in a fiduciary lawsuit?
For mishandling an estate.For mishandling an estate.For mishandling an estate.For mishandling an estate.
Can an executor be personnally responsible for mishandling estate?
They could be sued for a breach of fiduciary duty. They are responsible to the court to execute the will or the state's intestacy laws.
What happens when a trustee steals money from a trust account?
They have breached their fiduciary duties as a trustee. They can be brought up on a number of criminal charges or sued in civil court.
Can a shareholder sue a corporation?
No. A stockholder would need to convince the board of directors to vote to take such an action as a corporation. On the other hand, a number of shareholders can sue the board of directors for not taking prudent steps to protect the business and assets of the company.
What is the charge if you have power of attorney of someone and spend their money?
There are a number of charges that could be brought. It could be theft or embezzlement. They can also be sued in a civil suit for breach of fiduciary duty.
Who sued the board of education-supreme court case-a color?
Brown
Does your canargo energy stock still have value?
No - only if board/ management are sued!
What are the ratings and certificates for Sued for Libel - 1939?
Sued for Libel - 1939 is rated/received certificates of: USA:Passed (National Board of Review) USA:Approved (PCA #5620)
What judgments for directors of company suing for negligence?
Directors of a company can be sued for negligence if they fail to act with the care, skill, and diligence that a reasonable director would exercise under similar circumstances. Courts often apply the "business judgment rule," which protects directors from liability if their decisions are made in good faith, with due care, and in the belief that they are acting in the best interests of the company. However, if a director's actions are found to be grossly negligent or in breach of fiduciary duties, they may be held personally liable for any resulting damages. Key cases that illustrate these principles include Daniels v. Anderson and Re City Equitable Fire Insurance Co Ltd.
What can a nonprofit agency be sued for?
A nonprofit agency can be sued for various reasons, including breach of contract, negligence, employment discrimination, and violations of state or federal regulations. They may also face legal action for failing to adhere to their mission, mismanagement of funds, or not fulfilling fiduciary duties. Additionally, if a nonprofit engages in activities that harm individuals or communities, it could be held liable for damages.
