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Simple English definitions for legal terms

adverse-domination doctrine

Read a random definition: UMDA

A quick definition of adverse-domination doctrine:

The adverse-domination doctrine is a rule that says if a company's officers or directors do something wrong, the company can still sue them even if the time limit for suing has passed. This is because the time limit is paused until the company has enough people in charge who are not involved in the wrongdoing to notice and take action. The purpose of this rule is to make sure that bad behavior by company leaders doesn't go unnoticed or unpunished just because they control the company. This rule only helps the company, not the bad actors.

A more thorough explanation:

The adverse-domination doctrine is an equitable principle that tolls the statute of limitations on a breach-of-fiduciary-duty claim against officers and directors, especially when a corporation sues its own officers and directors. This doctrine prevents a director or officer from successfully hiding wrongful or fraudulent conduct during the limitations period.

The statute of limitations is tolled until a majority of the disinterested directors discover or are put on notice of the claim against the wrongdoers. This doctrine is available only to benefit the corporation.

Suppose a corporation's officers and directors engage in fraudulent conduct that harms the corporation. The corporation may not immediately discover the fraud, and the statute of limitations may expire before the corporation can bring a claim against the wrongdoers.

However, if the corporation is still controlled by the alleged wrongdoers, the adverse-domination doctrine may apply. The statute of limitations would be tolled until a majority of the disinterested directors discover or are put on notice of the claim against the wrongdoers. This gives the corporation more time to bring a claim against the wrongdoers and seek justice.

adverse authority | adverse dominion

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no no it's not. But I wouldn't clerk conservative, so idk about Chi #s for myself
cumsock
15:42
Penn
texaslawhopefully
15:42
I guess that's fair. From what I've heard UChicago for conservatives is on par w/ HYS for clerkships
texaslawhopefully
15:42
not sure about for liberals
cumsock
15:43
They’re very similar tho
cumsock
15:43
Both t6 ivies
Is that NYU disrespect???? NYU out the t-6?
15:44
Penn because my college friends who mentored me go there
lilypadfrog
15:45
NYU is a t6 unless they don’t accept me and then idgaf what they’re ranked
texaslawhopefully
15:46
That's the best mentality
texaslawhopefully
15:46
If I get into UChicago it will be CYS
lilypadfrog
15:48
waspy I’m sure he meant to clarify that CYS is Cornell Yale Stanford
yeah just making sure
I look really good in blue tho
obviously cornell is t3
cumsock
15:49
someone from my undergrad is going to columbia for a masters in social work and the way they are talking to me im pretty sure they think thats as hard to get accepted to as columbia law
every prof at cornell glazes it so hard
GreyCeaselessMammoth
15:50
i know so many heads going to various schools for random masters degrees and its like babe its not the sameeee
cumsock
15:50
"The acceptance rate for the Master of Science in Social Work (MSW) program at Columbia University is 74%" does he know?
15:50
@cumsock: some battles are won by avoiding fighting them
cumsock
15:51
im not i just wish normies knew its not the same
Trismegistus
15:51
i need chicago so badly
15:51
for suresies
lilypadfrog
15:52
llama do you think we’re besties? I kinda think we’re besties
JumpySubsequentDolphin
15:52
@GreyCeaselessMammoth: PLS I know a girl who got a master’s at Columbia for some random niche thing and she told EVERYBODY SHES GOING TO COLUMBIA LAW SCHOOL
GreyCeaselessMammoth
15:52
WHAT???
15:53
@JumpySubsequentDolphin: I can respect the hustle.
GreyCeaselessMammoth
15:53
penn r
GreyCeaselessMammoth
15:53
called it
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