fiduciary

In a sequence of rulings, Carter had found that the VA had a fiduciary duty to use the land for veterans housing and that the leases were invalid because they did not primarily serve veterans.

But Rosenberg had repeatedly put the court on notice that the government disagreed with Carter’s underlying ruling that the VA had a fiduciary duty to build housing for veterans on the campus at all.

Plaintiffs allege violations of fiduciary duties and securities laws, including media appearances by Henrik Fisker touting the company’s prospects even as its fortunes declined.

In any event, the FTC said, the merged company’s fiduciary responsibility is “to deliver returns to its shareholders — not to lower prices to consumers.”

The rapper’s allegations include breach of fiduciary duty, unjust enrichment and refusal to permit an audit of the Fugees’ tour — a road show that the group truncated stateside due to “unforeseen circumstances.”