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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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22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
8:42
GW wave today?
8:57
There’s someone I found on here with the username threeoutchange and if my understanding is correct that’s a reference to the debut album by a pretty cool 90s-00s Japanese band called Supercar. I geeked a little
8:57
It could just be a baseball reference I don’t get though lol
Dkk
9:00
@renard99: also, the same band that does a song in the anime Eureka 7 which I watched when I was like idk, 12
9:00
Yeah! They are pretty good. Three Out Change is an awesome J-rock record
Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
Dkk
9:03
Fuck, reading the wikipedia now. Literal last song they did before they broke up was Storywriter. Wow.
9:05
That one is a masterpiece
9:05
My favorite song by them is Recreation
glovediedthisishismom
9:05
snowing
Dkk
9:07
@renard99: man, hard to find.
Dkk
9:07
@glovediedthisishismom: Congrats on the snow.
Dkk
9:16
@renard99: Poetic and nice.
9:42
My name is renard99 and I just sent @babycat feet pics
glovediedthisishismom
9:42
nobody is at the office today they should let little glovey go home and watch harry potter
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