In Nevada, the elements for a claim of breach of the duty of loyalty are:
- Defendant is a fiduciary to Plaintiff company;
- Defendant owed plaintiff the duty of loyalty, requiring defendant to maintain, in good faith, the corporation’s and its shareholders’ best interests over anyone else’s interests;
- Defendant breached the duty of loyalty; and
- Causation and damages.
Shoen v. SAC Holding Corp., 122 Nev. 621, 632 (Nev. 2006); White Cap Indus., Inc. v. Ruppert, 119 Nev. 126, 67 P.3d 318 (2003); Rhine v. Miller, 94 Nev. 647, 649, 583 P.2d 458 (1978).
See elements for other claims at the Nevada Law Library