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LSDefine

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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General

General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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