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Legal Definitions - new issue
Definition of new issue
A new issue refers to a point of contention, a question of fact, or a legal argument that emerges or is formally raised during the course of a legal proceeding, and which was not previously a central or recognized part of the case. It often requires the court or parties to address it, potentially leading to new evidence, arguments, or adjustments to the legal strategy.
Example in Civil Litigation:
A homeowner sues a contractor for significant delays in completing a home renovation project. The initial lawsuit focuses on the financial losses due to the delays. However, during the discovery phase, the homeowner uncovers evidence that the contractor intentionally used substandard materials, leading to structural integrity concerns not initially known. The use of substandard materials and the potential for structural damage becomes a new issue in the case, requiring the court to consider additional claims beyond just the delays.
Example in Family Law:
During a divorce proceeding, a couple is primarily focused on dividing their marital assets and establishing a custody schedule for their children. After several months, one parent receives a significant inheritance from a deceased relative. The question of whether this inheritance should be considered a marital asset or separate property, and how it might impact future financial arrangements, becomes a new issue that the court and the parties must now address, as it was not a factor when the divorce was initially filed.
Example in Criminal Law:
In a criminal trial for assault, the prosecution presents its case based on eyewitness testimony and forensic evidence. Midway through the trial, the defense attorney discovers a previously unknown security camera footage from a nearby business that shows a different individual, matching the victim's initial description, fleeing the scene shortly after the incident. The identity of this new potential suspect and the implications of the footage become a new issue that the court must consider, potentially altering the course of the defense strategy and the prosecution's arguments.
Simple Definition
A new issue refers to a security, such as a stock or bond, that is being offered for sale to the public for the first time. It represents a primary offering of financial instruments directly from the issuer to investors.