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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.

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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