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Simple English definitions for legal terms

holding company

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A quick definition of holding company:

A holding company is a type of business that owns a lot of stock in another company. This means they have control over how that company is run. Holding companies have to follow certain laws to make sure they are fair and don't do anything that hurts competition or investors. They are important in the business world because they help companies work together and grow.

A more thorough explanation:

A holding company is a type of corporation that owns enough voting stock in another corporation to control its policies and management. This means that the holding company has the power to make decisions for the other company. Holding companies are regulated by laws such as the Securities Exchange Act of 1934 and the Investment Company Act of 1940.

For example, in the case of United States v. America Tel. & Tel. Co., the court had to decide whether a holding company could be regulated as a "public utility" under the Communications Act of 1934. Another case, United States v. Philip Morris Inc., dealt with whether a holding company could be held responsible for the actions of its subsidiary companies.

These examples show how holding companies can have a significant impact on the business world and why they are subject to regulations. The laws aim to protect investors, promote competition, and prevent holding companies from engaging in anti-competitive practices.

holding cell | holding over

General

General chat about the legal profession.

General >T14 Off Topic

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ChowieBean

9:32

it's a personal statement and essay grind typa day

ErraticFearlessGecko

10:01

Hi chowie

ErraticFearlessGecko

10:01

How'd you feel about your test

info-man

10:01

good morning y'all

ErraticFearlessGecko

10:01

Morning

ChowieBean

10:37

Gecko, I feel pretty good. Two of the RC passages had really tough inference questions -- hoping I narrowed down my answer choices correctly

ChowieBean

10:38

Very happy with LR other than having to guess on a couple questions cuz of time

ChowieBean

10:42

i have a question about my personal statement. in my activism for the hospitality workers' union, i organized and spoke up in favor of stronger regulations on airbnb because the unregulated spread of airbnb throughout LA was inflating housing costs for workers and threatening their job security. do you think it's too divisive to mention regulating airbnb? idk

Nostradumbass

10:44

I wrote mine about how all activists should be consolidated into a large smelting pot and refined down to a viscous goo

Nostradumbass

10:45

Expecting a lot of rejections though

ChowieBean

11:07

I'm sure you'll get a full ride to a few schools :P

HowlEngineer

11:11

The impression I get is most schools try not to judge based on the political implications of what you write about. They probably care more that you saw a problem and tried to fix it. That seems like a great thing to write a PS about @chowie

HowlEngineer

11:18

Besides, if a school didn’t let you in for trying to fix a problem you saw in your community, that doesn’t say great things about your school’s culture (assuming the thing you did showed good common sense judgment ofc)

HowlEngineer

11:19

That school’s* culture

ChowieBean

11:23

Thanks Howl you're right :D I def talked about solving problems in my PS

ChowieBean

12:03

@HowlEngineer: what's your dream school

MildChiller

12:08

"Have you applied for admission to [school] in a prior year" I applied in Oct. of the 23-24 cycle, should I put 23 or 24 as the year I applied?

MildChiller

12:09

Bcuz 2023 is when I technically applied but I applied for admissions in 2024

ChowieBean

12:14

2024 cuz that's when you would've been admitted

ErraticFearlessGecko

12:17

I agree with Howl

ChowieBean

12:19

Gecko what's ur dream school

ErraticFearlessGecko

12:20

Hard to say. I'm pretty firmly committed to the philly area so probably temple or villanova

ErraticFearlessGecko

12:20

Also relatively debt averse so I'd have to get a good scholarship from BC or Fordham to want to go but that's not very likely for me

ErraticFearlessGecko

12:21

Any advice? lol

[] baddestbunny

12:25

what’s a good scholarship for you? what would make BC or Fordham worth it?

ChowieBean

12:25

Hmmmm let me think

[] baddestbunny

12:25

fordham’s max aid they give is 45k per year

ErraticFearlessGecko

12:29

Bunny I can possibly get a 75%+ scholarship from villanova or temple, and I'd be moving back in with my parents if I went there so I'd have near-zero COL. It'd be really hard to beat that

ErraticFearlessGecko

12:29

I would prefer BC over Fordham just because I like boston more, but I'm expecting a WL there tbh

ErraticFearlessGecko

12:31

I would maybe consider BC with $ but I don't know how to decide if a better biglaw chance is worth the COL + higher tuition

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