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LSDefine

Simple English definitions for legal terms

yardstick theory

Read a random definition: foldage

A quick definition of yardstick theory:

The yardstick theory is a way to figure out how much money a company lost because of unfair competition. The company compares itself to another similar company that wasn't affected by the unfair competition. This helps them figure out how much money they would have made if the competition was fair. However, this method only works well if the companies and markets being compared are very similar.

A more thorough explanation:

The yardstick theory is a method used in antitrust cases to determine damages for lost profits or overcharges. It involves a corporate plaintiff identifying a company similar to them but without the impact of the antitrust violation.

For example, if a company was found to have engaged in anticompetitive behavior in the local market, the yardstick theory would involve finding a similar company in a different market where the anticompetitive behavior did not occur. By comparing the profits of the two companies, the plaintiff can estimate the damages they suffered as a result of the antitrust violation.

It's important to note that the yardstick theory only works well in markets that are relatively homogeneous and local. If the markets or firms being compared are too dissimilar, the estimate of lost profits may not be accurate.

yardland | yea and nay

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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
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
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