Opinion ID: 796870
Heading Depth: 3
Heading Rank: 2

Heading: Tortious inducement of a breach of fiduciary duty

Text: 20 For similar reasons, the plaintiffs' claim of tortious inducement of a breach of fiduciary duty must fail. Under Illinois law, a party is liable for tortious inducement if a plaintiff demonstrates that the defendant (1) colluded with a fiduciary in committing a breach; (2) knowingly participated in or induced the breach of duty; and (3) knowingly accepted the benefits resulting from that breach. See Regnery v. Meyers, 287 Ill.App.3d 354, 223 Ill.Dec. 130, 679 N.E.2d 74, 80 (1997). 21 As described above, the plaintiffs have not alleged any active misbehavior on the part of Goldman Sachs, and they have failed to cite any cases prohibiting activity of the sort described in the complaint. Moreover, it is unclear how Goldman Sachs could have accepted the benefits of a breach of a fiduciary duty, for the complaint does not explain how a breach would have benefitted it in any way. Goldman Sachs seemingly could have acquired its 25% stake in Archipelago whether Borsellino was entitled to some of the remaining 75% or not. The claim fails because of an overall lack of particularity in the allegations of tortious inducement of a breach of fiduciary duty.