Janus Capital Management LLC v Safeguard World International Ltd

Contract – Breach of contract. The Chancery Division dismissed claims for breach of contract, breach of fiduciary duty and breach of the duty of care brought by the claimant capital management company against the defendant company, which had provided payroll processing services to the claimant and had acted as an intermediary between claimant and two successive foreign exchange and payment providers. The court held, among other things, that breach of contract had not been established and that the defendant had not owed the claimant any fiduciary duties or any duty of care as alleged.

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