Misappropriation/Breach of Fiduciary Duty
An internal investigation at an organization that administers grants for government research discovered thousands of dollars was missing. They determined the executive director was the likely culprit. Ultimately, several government agencies filed lawsuits against the organization claiming misappropriation of funds, breach of fiduciary duty and breach of client agreements. The lawsuits are still ongoing. So far defense costs have exceeded $50,000.