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Simple English definitions for legal terms

special-facts rule

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A quick definition of special-facts rule:

Special-Facts Rule: This is a rule that says if someone who is in charge of a company (like a director or officer) knows important information about the company, they have to tell someone who wants to buy or sell stock in the company if certain special circumstances apply. These special circumstances might be things like the person buying or selling the stock not knowing much about business, or the stock being hard to value. This rule is different from the "majority rule" that usually applies in these situations.

A more thorough explanation:

The special-facts rule is a principle in corporate law that requires directors or officers to disclose material inside information to shareholders when engaging in a stock transaction under special circumstances. This rule applies when the shareholder lacks business acumen, the shares are closely held with no readily ascertainable market value, or the director or officer instigated the transaction.

For example, if a director of a company knows that the company is about to release a new product that will significantly increase the value of the company's stock, and the director sells his or her shares before the announcement, the director must disclose this information to any shareholders who are buying the shares. This is because the director has inside information that the other shareholders do not have, and the director is using this information to gain an unfair advantage.

Another example of the special-facts rule is when a director or officer of a closely held company wants to sell his or her shares to a shareholder who lacks business acumen. In this case, the director or officer must disclose any material inside information that could affect the value of the shares, such as pending lawsuits or regulatory investigations.

The special-facts rule is an exception to the majority rule, which states that directors and officers have no duty to disclose inside information to shareholders. The special-facts rule recognizes that in certain circumstances, shareholders may be at a disadvantage and need extra protection.

special executor | special finding

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18:13
Original price was 460 they just ripped ya off
18:13
jk that is nice
babycat
18:14
@EvolBunny: I love fluoride 😍😍😍
18:14
omg me too
BulbasaurNoLikeCardio
18:15
@EvolBunny: I am fine with them making their cut and all that but I bought it with an adjustable gas block, new LVPO and foregrip so I just have a bunch of parts and ammo with no way to shoot it
@BulbasaurNoLikeCardio: i mean getting paid for their incompetence is based
18:15
they think you are going to attack dj trump
BulbasaurNoLikeCardio
18:18
@BulbasaurNoLikeCardio: they blaimed it on their IT team for not updating it as out of stock when I paid but like buying something in stock in September then being told I won't get it until mid January is pretty wild. I do not hunt anymore but their mistake would of caused me to miss the entire season. If it wasn't so hard to get left handed ARs I would of gone elsewhere
oh that's kind of worth more than $140
that's at least $300
18:19
@BulbasaurNoLikeCardio: what you gonna do when january hits and they are like "it still isnt here come back in april"
BulbasaurNoLikeCardio
18:20
Its a $600 part, they already covering shipping and paying the tax so $140 is an additional 25% off.
BulbasaurNoLikeCardio
18:20
If it doesn't come January I am going to just say fuck it and toss everything on the right handed upper and just eat gas.
18:21
You should have said to refund you or give 300 off
18:21
wasp is wasp
18:21
knows how be rich and demand shit lmfao
i am atheist not protestant
18:22
same thing tho ya? - catholic
BulbasaurNoLikeCardio
18:23
Ill just keep arguing for more money off until I get it or they end up paying me to take it lmao
18:24
what other guns ya got
are we losing hope for gtown lol
yeah i dont think gtown does A's this late unfortunately
18:25
it is like 630 on a friday there bud
18:25
think it is safe to say it aint happenin today\
damn it was a slow day today
BulbasaurNoLikeCardio
18:26
I got a custom built Leftie ar15 I run suppressed, a regular ar15, a .270 axis savage bolt gun, xd9, xd40 and have my AR10 I run suppressed.
BulbasaurNoLikeCardio
18:26
I do not think we will see a wave until after thanksgiving. Adcoms will be nice and not ruin someones thanksgiving with an R
18:28
ruin my thanksgiving law schools uwu
PerpetualCheerfulBeaver
18:53
I really thought a texas schools wave was going to hit today...guess it will be December 1
7Rings
19:00
No news is good news 😜
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