Wednesday, May 1, 2019

More on Relationships that are Not Fiduciary


More on Relationships that are Not Fiduciary

 

      In a recent decision from a federal district court in Iowa, it held that certain relationships are not fiduciary in nature.  Meardon v. Register, 3:18-cv-00042, 2018 WL 7858345 (S.D. Iowa Dec. 18, 2018).
 
      Responding to the suggestion that a fiduciary relationship arose out of a long-term business relationship gave rise to a fiduciary duty, the court wrote “Business relationships alone are not fiduciary relationships; nor are friendships.” Id, *7.

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