stethoscope and gavel

Nevada Law Library

Accounting (A Remedy)

In Nevada, the elements required to allow a remedy of an accounting are:

1.         A fiduciary relationship exists between plaintiff and defendant;

2.         The relationship between plaintiff and defendant is founded in trust and confidence; and

3.         Defendant has a duty to render an accounting to plaintiff to determine damages resulting form any misallocation of funds.

NRS 78; G. K. Las Vegas, Ltd. P’ship v. Simon Prop. Grp., Inc., 460 F. Supp. 2d 1246 (D. Nev. 2006); Foley v. Mowbray, 109 Nev. 116 (1993); In re Maxim Integrated Prod., Inc., Deriv. Lit., 574 F. Supp. 2d 1046 (N.D. Cal. 2008)(citing Carlson v. Hallinan, 925 A.2d 506, 538 n. 211-12 (Del. Ch. 2006)). 1 Am. Jur. 2d Accounts & Accounting § 55.