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Simple English definitions for legal terms

tainted stock

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A quick definition of tainted stock:

Tainted stock is a type of stock that is owned or transferred by someone who is not allowed to file a lawsuit on behalf of the company. This person is usually disqualified because they have a conflict of interest or have done something wrong. If someone buys tainted stock in good faith, they are also not allowed to file a lawsuit. It's like having a toy that you're not allowed to play with because it's broken or someone else's.

A more thorough explanation:

Definition: Tainted stock refers to stock owned or transferred by a person who is disqualified from serving as a plaintiff in a derivative action. This means that the person cannot sue on behalf of the company because of a conflict of interest or other disqualifying factor.

Example: If a company executive is accused of wrongdoing and owns stock in the company, they may be disqualified from bringing a lawsuit on behalf of the company. Additionally, if someone buys tainted stock from the executive, they too may be disqualified from bringing a lawsuit.

Explanation: Tainted stock can create conflicts of interest and undermine the ability of shareholders to hold the company accountable for wrongdoing. By disqualifying certain individuals from bringing lawsuits, the legal system aims to prevent these conflicts and ensure that lawsuits are brought in the best interests of the company and its shareholders.

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General

General chat about the legal profession.

General >T14 Off Topic

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Unrepentant-Caucasian

12:14

@snow: I don't know what you mean by "bust the jury"

Unrepentant-Caucasian

12:14

Can you elaborate?

BulbasaurNoLikeCardio

12:15

I also do not forsee him being the kind of person being able to function and be good in prison. Going to be a wake up call

BulbasaurNoLikeCardio

12:16

He thinks his back is broke now... wait until Bubbah shows him what a broke back really is

snow

12:16

yep, in jury selection you get a panel of jurors come in and from there you eliminate the ones that you dont want, until you get twelve. "busting the jury panel" means that there wouldnt be enough jurors to form a jury for the case so they would have to get another panel

windyMagician

12:17

uw sending cycle update emails when they've had me in complete for 2 months is crazy work

snow

12:17

so if i were the state, i wouldnt be scared to go through multiple panels to get a good jury. the judge would probs be mad but oh well

windyMagician

12:18

he'll be fine in prison. he also probably has a fed case being built against him.

BulbasaurNoLikeCardio

12:18

I imagine getting a non-biased jury will be very hard

snow

12:18

thats why the state shouldnt be scared to go through multiple panels. the judge would probs get mad but its your case to prove

Unrepentant-Caucasian

12:18

That makes sense. It's a plus for the state as well, since it's not like they're going to let him make bail. Any time up to the trial he'll just spend in jail

windyMagician

12:19

they got unbiased panels for Nikolas Cruz and Daniel Penny, it'll be fine

snow

12:19

yeah, but I think those were capital cases

snow

12:19

jury selection is different for capital cases

windyMagician

12:19

Daniel penny was not a capital case

BulbasaurNoLikeCardio

12:19

@windyMagician: I would say depends the prison, I have met a lot of golden spoon children who could not handle the strictness of the military and lack of freedom. So many attempted suicides. I am sure prison is much worse

snow

12:20

ohh the subway guy, my b

windyMagician

12:20

not tryna be racist but he just needs to stick with the italians

BulbasaurNoLikeCardio

12:21

I do not believe they found a truly un-biased case for Daniel Penny. Finding someone in new york who hasn't been in a subway cart while criming is happening? Idk the statistic of those who witness or are victims of crimes on subway carts but I am sure it is very high

windyMagician

12:21

that's a good thing. juries should be biased in favor of the defense.

Unrepentant-Caucasian

12:21

Honestly, that would be an incredible arc. Goes to NYS prison, gets taken under the wing of some geriatric wiseguys, then gets out and re-starts the Mob

snow

12:21

in theory yes, the defense did really good with that jury

windyMagician

12:22

we have a presumption of innocence in this country, time to start acting like it

BulbasaurNoLikeCardio

12:22

@windyMagician: I can agree with that, makes it more of a jury of peers if they have been in the same shit show

snow

12:22

YES, im so tired of sitting through jury selection and people not understanding that a jury trial isnt an argument between two sides. its one side trying to prove without a reasonable doubt that someone did what they are accused of

windyMagician

12:23

unrelated but my gym crush date was fucking weird. had a great convo, didn't hug me at the end tho, then says he'll text me and doesn't? girl I'm too old for ghosting

Unrepentant-Caucasian

12:24

If he wanted to he would girl

Unrepentant-Caucasian

12:24

Don't give him the benefit of the doubt

windyMagician

12:24

why we're still acting like this at nearly 30 years old I do not know

Unrepentant-Caucasian

12:25

Although I can respect the not hugging part after a gym date. When I'm finished with lifting, I have an incredibly potent odor that could overpower a delicate female

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