The executives, officers and board members (the fiduciaries) of a corporation,whether in Maryland or another state, have a legal responsibility to the company and its shareholders to act in the company's best interest. These individuals' fiduciary duty bars them from participating in any action that unjustly enriches them or creates a conflict of interest between them and the company. An alleged breach of this duty gives rise to the right to file business litigation.
Scott Storch is a music producer who has worked with artists that many Maryland readers are familiar with such as Beyonce and 50 Cent. He made headlines when he filed bankruptcy after a cocaine habit helped him blow through a $70 million fortune. His reputation for success attracted two backers who agreed to help Storch repair his career, but they are now filing business litigation against him for breach of contract, fraud and other allegations.
As the use of the Internet has increased over the years, it has changed the way that many people purchase goods and services. These days, most Maryland brick-and-mortar businesses have online presences in order to stay competitive. In some cases, it is no longer necessary for a new business to have a brick-and-mortar location. Many businesses are started online and remain there.