The U.S. Courtroom of Appeals for the Sixth Circuit affirmed the granting of abstract judgment to Vera Bradley, concluding {that a} fiduciary relationship didn’t exist between the corporate and Vesi Inc., which had formally partnered to promote purses and attire.
In keeping with the Nov. 9 opinion, authored by U.S. Courtroom of Appeals Decide John K. Bush for the Sixth Circuit, the case involved an alleged breach of fiduciary responsibility primarily based on a claimed de facto fiduciary relationship underneath Ohio legislation, leaving the court docket to find out whether or not a fiduciary relationship existed between Vesi and Vera Bradley.
