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Simple English definitions for legal terms

common-fund doctrine

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A quick definition of common-fund doctrine:

The common-fund doctrine is a rule that says if someone helps create, find, or save money that other people also have a right to, they can ask for their legal fees and expenses to be paid from that money. This is also called the equitable-fund doctrine.

A more thorough explanation:

The common-fund doctrine is a legal principle that allows a litigant who creates, discovers, increases, or preserves a fund to which others also have a claim to recover litigation costs and attorney's fees from that fund. This doctrine is also known as the equitable-fund doctrine.

Suppose a group of investors sues a company for fraud, and as a result of the lawsuit, the company agrees to pay a settlement of $10 million. If one of the investors hired an attorney and incurred legal fees of $100,000 to bring the lawsuit, the common-fund doctrine would allow that investor to recover a portion of their legal fees from the settlement fund. This is because the investor's legal action helped create the fund that all investors will benefit from.

Another example could be a class-action lawsuit where a group of people sues a company for damages. If the lawsuit is successful, the settlement fund will be divided among all the members of the class. However, the lead plaintiff who initiated the lawsuit may be entitled to recover their legal fees from the settlement fund under the common-fund doctrine.

These examples illustrate how the common-fund doctrine works in practice. It ensures that those who contribute to the creation or preservation of a fund that benefits others are fairly compensated for their legal expenses.

common fishery | common gambler

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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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