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Answer :
Final answer:
In the case of United States v. O'Hagan, O'Hagan breached his fiduciary duty when he used insider information for personal gain, instead of in the best interest of his client.
Explanation:
In the case of United States v. O'Hagan, the Supreme Court ruled that O'Hagan, a lawyer who used insider information for personal gain, breached a fiduciary duty to the source of the information. A fiduciary duty is a legal obligation of one party to act in the best interest of another. The obligated party is typically a fiduciary, that is, someone entrusted with the care of money or property. The breach occurred because O'Hagan used the confidential information given to him in trust, not for the benefit of his client (the intended purpose), but for his own personal profit.
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