Elements of a Cause of Action to Recover Damages for Breach of Fiduciary Duty
“ The elements of a cause of action to recover damages for breach of fiduciary duty are (1) the existence of a fiduciary relationship, (2) misconduct by the defendant, and (3) damages directly caused by the defendant’s misconduct (Rut v. Young Adult Inst., Inc., 74 A.D.3d 776, 777, 901 N.Y.S.2d 715; see Faith Assembly v. Titledge of N.Y. Abstract, LLC, 106 A.D.3d 47, 61, 961 N.Y.S.2d 542; Armentano v. Paraco Gas Corp., 90 A.D.3d 683, 684, 935 N.Y.S.2d 304). A fiduciary relationship exists between two persons when one of them is under a duty to act for…the benefit of another upon matters within the scope of the relation. (EBC I, Inc. v. Goldman, Sachs & Co., 5 N.Y.3d 11, 19, 799 N.Y.S.2d 170, 832 N.E.2d 26 [internal quotation marks omitted]; see Faith Assembly v. Titledge of N.Y. Abstract, LLC, 106 A.D.3d at 62, 961 N.Y.S.2d 542). ” Varveris v Zacharakos, 110 AD3d 1059, 1059 [2d Dept 2013].
