breach of fiduciary duty
noun[CorU]
ukuspluralbreaches of fiduciary dutyLAW
afailuretoresponsiblymanagemoneythat someoneelsehastrustedyou tokeepsafe:
They werenamedin a $100 millioncivilactionforbreachoffiduciarydutyfollowingthe bank'sfailure.
Theretirementactgivesworkerstherighttosueemployersforbreachesoffiduciaryduty.