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Simple English definitions for legal terms

Deep Rock doctrine

Read a random definition: Board of Immigration Appeals

A quick definition of Deep Rock doctrine:

The Deep Rock doctrine is a rule that helps protect people who are owed money by a company that has gone bankrupt. It says that if the people who own the company did something unfair or wrong, their claims for money can be put aside so that the people who are owed money by the company can get paid first. This rule is named after a company that did something wrong in the past.

A more thorough explanation:

The Deep Rock Doctrine is a principle used in bankruptcy cases to ensure that the claims of general or trade creditors are given priority over those of controlling shareholders who may have made unfair or inequitable claims.

For example, if a bankrupt corporation's controlling shareholder tries to claim a large portion of the company's assets for themselves, the Deep Rock Doctrine would allow the court to subjugate that claim in favor of the claims of other creditors who are owed money by the corporation.

The doctrine is named after a case involving the Deep Rock Oil Corporation, which made fraudulent transfers to its parent company. In Taylor v. Standard Gas & Elec. Co., the Supreme Court ruled that the claims of the parent company could be subordinated to those of other creditors under the Deep Rock Doctrine.

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or a MaxPreps esque high light video where Deans can rank us
1a2b3c4d26z
11:15
In this analogy is the LSAT the NFL combine
JumpySubsequentDolphin
11:16
I told my family I won’t get any decisions until 2025 so they wouldn’t bombard me hahah
no i think there should be a Law School combine with all new drills except there is still the 40 yard dash
and a sub 4.5 gets you into any t14
LSAT can be one of the drills
letsseehowitgoesnow
11:17
so washu only called one person
So all the D1 athletes will get into a T-14. What else is new?
@TheAdoptedOne: that is called "Dean Poker Night" lol
@ClockworkBlue: I feel like most people could train for the 40 for the same amount of time as they do the LSAT and get close to sub 5 which would be equivalent to a 167+
this is like the schizophrenic posts JJK tik tok be putting out
powerscaling Law School deans up next
11:19
Election Day election day
Write in Dean Z vote
11:20
Saw a guy that wrote in Biden and he said no retirement for you buddy
1a2b3c4d26z
11:20
@ClockworkBlue: god I hope that's true
if the country was run the same as Mich Law it would be a better place
Imagine if election night was run by an adcom? Like, "yep, we could get the results Friday, or June 2025."
imagine if it was like Berkley applications
1a2b3c4d26z
11:22
Election status: Complete
1a2b3c4d26z
11:22
For months
triplethread
11:23
erection day
soapy
11:23
Shoutout to Robinhood's election bet not resolving until January
triplethread
11:23
is anyone else like certain that trump will win
ambitiouslizard
11:23
he aint winning
triplethread
11:23
i like being a pessimist
ambitiouslizard
11:24
he lost his re-election, why would he win this one?
1a2b3c4d26z
11:25
I have no idea why people have so much beef w berkeley's app
I've been reading a bit about "herding," which is this idea that pollsters are making the race look tied so they look right no matter who wins.
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