17:13
@llama: it would only be 17,000 ish per year
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LSDefine
Simple English definitions for legal terms
Scienter
Read a random definition: volatility
A quick definition of Scienter:
Scienter: Scienter means that someone knows they are doing something wrong before they do it. It's like when you know you shouldn't take a cookie from the cookie jar, but you do it anyway. The person has knowledge that what they are doing is not right.
A more thorough explanation:
Definition: Scienter refers to the intent or knowledge of wrongdoing. It means that a person knows that their actions are wrong before they commit them.
Examples:
- A company knowingly sells a defective product to consumers.
- An individual intentionally lies on their tax return to avoid paying taxes.
- A person steals money from their employer, knowing that it is illegal.
These examples illustrate scienter because in each case, the person or company knew that their actions were wrong before they committed them. They had the intent or knowledge of wrongdoing, which is a key element in proving certain legal claims, such as fraud or insider trading.
School District of Abington Township, Pennsylvania v. Schempp (1963) | scintilla