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Simple English definitions for legal terms

comfort opinion

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A quick definition of comfort opinion:

A comfort opinion is a type of written statement given by a lawyer that says there is no reason to believe that something is wrong or illegal. For example, a lawyer might give a comfort opinion about a company's financial statements or a registration statement for securities. It's like a reassurance that everything is okay. It's important because it helps people trust that things are being done correctly.

A more thorough explanation:

A comfort opinion is a written statement by an attorney that reassures parties involved in a securities registration statement that there are no material misrepresentations or omissions that would violate securities laws. The attorney usually participates in the preparation of the registration statement and confers with the securities issuer's representatives, underwriters, and public accountants before writing the opinion. The comfort opinion is not part of the statement and is usually not included.

For example, if a company is preparing to issue securities, they may seek a comfort opinion from their attorney to ensure that the registration statement complies with securities laws and that there are no material misrepresentations or omissions. The attorney would review the statement and provide a written opinion that there are no issues that would violate securities laws.

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General

General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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