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Simple English definitions for legal terms

Williams Act

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A quick definition of Williams Act:

The Williams Act is a law that was made in 1968 to change the Securities Exchange Act of 1934. It says that if someone owns more than 5% of a company's stock, they have to give certain information to the SEC and follow certain rules when they want to buy more stock.

A more thorough explanation:

The Williams Act is a law passed by the United States government in 1968. It changed the Securities Exchange Act of 1934 by making it mandatory for investors who own more than 5% of a company's stock to provide specific information to the Securities and Exchange Commission (SEC). Additionally, these investors must follow certain rules when making a tender offer.

Let's say that an investor owns 6% of a company's stock. Under the Williams Act, this investor must inform the SEC of their ownership and intentions. If the investor wants to make a tender offer to buy more shares of the company, they must follow specific rules and regulations.

Another example could be an investor who owns 10% of a company's stock. They would also be required to provide information to the SEC and follow the rules of the Williams Act if they wanted to make a tender offer.

These examples illustrate how the Williams Act applies to investors who own more than 5% of a company's stock. The law aims to provide transparency and fairness in the stock market by requiring investors to disclose their ownership and intentions, which can help protect other shareholders from unfair practices.

willful wrong | Wills Act

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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