Material Conflict of Interest

Self-Dealing by Director is a Breach of Fiduciary Duty (Case 1)

Facts Plaintiff, Coley, owns a home in an HOA, the Eskaton Village (“Association”).  Two other Eskaton named entities (“Eskaton”) develop and support HOAs.  A five-member board runs the Association, subject to the Declaration.  Eskaton has always controlled three of the five directors on the Association Board because it owns 137 of the 267 units.  The […]

Self-Dealing by Director is a Breach of Fiduciary Duty (Case 1) Read More »

Self-Dealing by Director is a Breach of Fiduciary Duty (Case 2)

Facts Plaintiff, Ms. Carmichael, is on the board of directors of Commerce Towers Condominium (“Association”).  On the board with her is Mr. Frese and Mr. Vickers.  Mr. Vickers, Mr. Frese and Mr. Tarantino are the officers of the Association. (collectively “Officers”).  All three are also the officers of Tarantino Properties, Inc. (the “Management Company”). Carmichael

Self-Dealing by Director is a Breach of Fiduciary Duty (Case 2) Read More »