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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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sadpadresfan

14:47

Yoooo I’m a lifter too

renard99

14:47

I'm all good, I'm tipsy in Zanzibar finishing an app and laughing my ass off to this:

renard99

14:47

https://www.youtube.com/watch?v=URtqADoz9uA

babycat

14:48

renard what are you drinking?

BulbasaurNoLikeCardio

14:50

Feeling like sad drinking tonight, wife accidentally tossed out my truck keys and those are expensive as fuck to replace. The crappiest part is that the key chain had the "remove before flight" tab from my first aircraft's rocket pods overseas from 6 years ago. Then find out people fucked around and back dated reports at work making me look like a shit bag so I am working later tonight and missing range time which is my weekly relax/me time. Add in my sleep meds stopped working, so I am thinking vodka (so I stay skinny and hot) and pizza by the fireplace kind of friday.

1a2b3c4d26z

14:51

Renard if you're not drinking margs Im gonna throw hands

renard99

14:51

Was at a restaurant and they decided to have me try something called "Double Kick" free of charge, it's like a sugar cane liquor with pineapple flavor

1a2b3c4d26z

14:51

missing range time :(

1a2b3c4d26z

14:52

That sounds good renard but unfortunately I'll still have to throw hands

Rightfullytherlauren

14:53

Tonight I’m Having a date with this guy who asked me out couple times

BulbasaurNoLikeCardio

14:54

What made you give in and go out after he asked a couple times?

Rightfullytherlauren

14:55

Other failed dates

babycat

14:55

That’ll do it

Rightfullytherlauren

14:56

Question, how many of u would sleep on first date

babycat

14:57

honestly my answer is it depends

babycat

14:57

there has to be a very specific vibe to make me want to do that. not like a regular date

babycat

14:59

and sometimes you want to and you still don’t do ir

babycat

14:59

it

babycat

15:00

but I don’t use dating apps so all my first dates are with people I’ve already met in some context, which it sounds like is your situation too

Dkk

15:00

I could never imagine myself doing that on a first date.

Dkk

15:01

@BulbasaurNoLikeCardio: hope things get better

babycat

15:01

@Dkk: what if it’s someone you’ve known for a long time but never dated?

Dkk

15:03

Maybe but things would have to go like perfectly. I could not imagine them going perfectly.

renard99

15:04

Sleeping on the first date just isn't my style, idk. I take things painfully slowly and much prefer to befriend and really get to know a girl first before doing any of that

Rightfullytherlauren

15:04

Ok another question, what do u tell the ppl u sleeping with already that ur going on dates

Dkk

15:05

The bigger issue is if I sleep with them will I have the emotional connection to finish cus it is harder for me to finish if I do not know the person.

bigroger100

15:05

Anyways when the fuck are either of the colorados schools releasing their shit. Smh

BulbasaurNoLikeCardio

15:05

@Rightfullytherlauren: If the person is clean or has a good vibe I will do it the first date

renard99

15:06

Yeah sorry I can't answer that Lauren, I don't sleep with anyone if I'm not already dating them

Dkk

15:06

@Rightfullytherlauren: This is like a stupid thing that only really hot guys and women have to think about. I have never had to think about this before. No answer.

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