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Simple English definitions for legal terms

Pac-Man defense

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A quick definition of Pac-Man defense:

Pac-Man defense is a strategy used by a company to prevent another company from taking it over. It involves the target company making a cash offer to buy the shares of the bidder company. The name comes from a popular video game in the 1980s where the player had to eat up the enemy. This defense is not used very often nowadays.

Other similar defenses include crown-jewel defense and scorched-earth defense.

A more thorough explanation:

The Pac-Man defense is a strategy used by a company to prevent a hostile takeover attempt by turning the tables and trying to take over the bidder company instead. This is done by making a cash tender offer for the shares of the bidder company.

The name of this defense comes from a popular video game in the 1980s, where the player controlled a character named Pac-Man who had to eat all the enemies to win.

An example of the Pac-Man defense is when a company, let's call it Company A, is being targeted for a hostile takeover by Company B. Instead of just defending itself, Company A decides to make a cash tender offer for the shares of Company B, effectively trying to take over Company B. This can make the bidder company think twice about continuing with the takeover attempt.

The Pac-Man defense is not commonly used today, but it was a popular strategy in the past.

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General

General chat about the legal profession.

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texaslawhopefully

17:47

Yeah, that does make sense. I would like to join fedsoc, but I'm also, clearly, very opposed to Trump and where the GOP has gone.

KnowledgeableRitzyWasp

17:48

if you join fedsoc and go for clerking and eventually become a judge. you will be pinholed into maga politics as long as maga is the predominant conservative stance

SaddestPortlander

17:50

Idk if @irishdinosaur is online but congrats on UCLA!!

LawIsForPeasants

17:55

next you will say you want to be the first black kkk grand wizard

IrishDinosaur

17:56

@SaddestPortlander: tysm!!!!

texaslawhopefully

18:00

yes congrats irishdinosaur! that's incredible

oakenrays

18:03

@IrishDinosaur: you inspire me and my completely misguided cope that I might ever get into UCLA

ImpartialLion

18:05

Super big congrats irish!!!

ImpartialLion

18:06

Also pretty much agree with Wasp. I think it’s more about getting the political/judicial position as a Fedsoc member that will likely require a stance siding with whatever the conservative majority party is at that time.

texaslawhopefully

18:07

Yeah, that's fair. I guess I need to think about it more assuming I start law school in the fall. I really want to clerk and that seems like the best option.

ImpartialLion

18:07

BUT i think once you get the position, you’ll have more leeway in making decisions more liberally. Sort of like how ACB and Gorsuch sometimes swing left after being portreayed in the media as far right (not sure if that was actually the case though).

ImpartialLion

18:09

From the perspective of someone who interned at the White House, I will add that my bosses always told me to “be careful about my resume.” Don’t want to align with any org that doesn’t fit your values because you won’t be trusted by the other side until you show them you’re legit again, and word travels in DC.

texaslawhopefully

18:10

I mean I highly highly doubt I'll become a federal judge, it's more just about getting a leg up in getting opportunities in the first place

ImpartialLion

18:10

Not sure how that true that is in practice and sorry for the long messages💀

texaslawhopefully

18:10

And, yeah, that's fair. Right now my resume probably looks like it's from someone who is center-right

ImpartialLion

18:11

Honestly, it just depends on your values. If you ever see yourself being a dem member in any capacity, then MAYBE stay away. But like you just said, there’s a possibility to look moderate with the right WE post law school.

texaslawhopefully

18:12

Yeah, that's true as well. As a side note, it's very cool you interned with the white house, I know those internships are incredibly hard to get

Dkk

18:12

A lot of conservativism right now is also just be as aggressive and unwilling to compromise in decision making right now because the left is out there in lets appeal to 1% of the population land so proposals brought to the table by them are 1, insane and 2, all or nothing proposals with no compromise.

Dkk

18:12

It's a bad time to be partisan really in any way.

ImpartialLion

18:13

I had to apply 4 times and got off the WL so I barely got it. It was a cool exp but def not any work crazier than you would see on capitol hill or any political org imo.

texaslawhopefully

18:14

It def looks great on your resume though

ImpartialLion

18:15

Yeah thats why i did it😂 it was a crazy time bcuz i had to commute from 2 hrs away since i was paying rent in madison and i couldnt afford another apt in DC

ImpartialLion

18:15

Never again.

sadpadresfan

18:23

Bro has White House internship

sadpadresfan

18:23

GG

sadpadresfan

18:23

Any advice for the pleb legal assistants?

jackfrost11770

18:24

the 1% argument is crazy dk

ImpartialLion

18:24

Even the the wh internship is good on the resume, the legal assistant work is more practical. It was tuff to make a why law with no direct law exp

OvertReconditeSpider

18:25

@KnowledgeableRitzyWasp: yooo i got a BL interview on monday even with ass grades somehow lol

jackfrost11770

18:25

only 5% of the country identifies as queer. about 12% percent of the US identifies as black. are those numbers low enough for that argument too like what

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