Breach of Fiduciary Duty as a Cause of Action in New York

“The elements of a cause of action for breach of fiduciary duty are (i) the defendant owed a fiduciary duty to the plaintiff, (ii) the defendant committed misconduct, and (iii) the defendant’s misconduct resulted in damages to the plaintiff (Burry v Madison Park Owner LLC, 84 AD3d 699, 700 [1st Dept 2011]).” Shanghai Nonobank Fin. Info. Serv. Co. v. Jie, 2019 N.Y. Slip Op. 32043 (N.Y. Sup. Ct. 2019).