The ABA Commercial Litigation Division in Washington selected Rich Ostlund in early 2016 as a co-author of “Business and Commercial Litigation in the Federal Courts,” which is the leading complex business litigation treatise in America, now in its just published 4th Edition. The ABA’s Editor in Chief for the project describes the authors as “the cream of the commercial litigation bar, the best lawyers practicing in the Federal Courts of this nation.”
Ostlund, who for 35 years has led complex business cases across over 30 states involving fiduciary duties in many business settings, was chosen to author a new section dedicated completely to “Fiduciary Duty Litigation.” Nominated for this project by colleagues nationally familiar with their work, Rich and Anthony Ostlund were honored to be endorsed by the former Delaware Attorney General, who was also for 21 years a Delaware trial judge and observed Rich’s work personally (Delaware being the leading business case state in America). The Delaware Attorney General is quoted by the editors in expressing this message: “I have had an opportunity to observe the best in action …. Clearly Rich and his firm deserve their reputation as top business litigators.”
An exceptional team of Anthony Ostlund colleagues—Dan Hall, Chris Haugen and Peter McElligott—worked with Rich, dedicating well over 1000 hours of critical research assistance to this project. In capturing the meaning of being selected as the lead author on Fiduciary Duties in the 4th Edition, Rich observes:
“Fiduciary duties dominate the legal landscape for every private business owner and investor each day—in every town large and small across America. Business governance, owner and investor relationships, trust administration and estate planning, family dynamics in the business, banking and creditor relationships and even employment relationships in some settings—all can involve important fiduciary duties. It is a legal minefield for both the unwary business person and the too often uninformed or conflicted business lawyer, accountant or trust officer, whose mistakes and lack of full awareness of the governing fiduciary rules lead to costly litigation and unexpected financial liabilities and losses. Anthony Ostlund’s nationwide experience over several decades in these always nuanced and complex fiduciary matters—and a virtually unparalleled record of success—result in it today being recognized as a leading firm nationally both in advising clients and referring professionals on recognizing and avoiding disputes, and in charting a strategic path to a winning result when conflict cannot reasonably be avoided.”
If you have a fiduciary duty question or issue, call Rich or one of his several partners who are experienced experts in this area of the law.