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Simple English definitions for legal terms

bear raid

Read a random definition: Revocable living trust

A quick definition of bear raid:

A bear raid is when a big trader sells a lot of stock really quickly to make the price go down. This is not allowed by the government. Another word for it is a bear drive.

A more thorough explanation:

Definition: A bear raid is a term used in the stock market to describe a situation where a large trader sells a high volume of stocks in a short period of time in an attempt to drive down the stock price.

For example, if a trader believes that a particular stock is overvalued, they may initiate a bear raid by selling a large number of shares in a short period of time. This can cause panic among other investors, who may also start selling their shares, leading to a rapid decline in the stock price.

Bear raids are illegal under federal law, as they are considered a form of market manipulation.

bear market | be at the horn

General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 1 👎

Ijustwannagetinman

18:45

I would pick Georgetown

Ijustwannagetinman

18:46

I just think as he thoroughly researched the schools, Texas is a great law school, but there’s a significant gap between top 14 schools and even number 15. Texas is a great school and has an expanding LRAP program, but I believe it’s more limiting to Texas than we are led to believe

Ijustwannagetinman

18:46

I do love Texas though

Ijustwannagetinman

18:46

@menherachan: Texas also does that but goes up to 120k

Ijustwannagetinman

18:47

Idk anything about georgetowns LRAP tbh. But the environment strikes me as much more competitive in general which was a turn off for me

Ijustwannagetinman

18:47

I think there’s an argument for both

trees1234567

18:58

see tinman dropping knowledge

jb2028

19:04

FWIW the terms of LRAPs vary *significantly* beyond the topline figures everyone looks at (Pay $0 below X in income, benefit-eligible up to $Y in income)

jb2028

19:05

For anyone picking a school based on that, I would review LRAP terms (NB: A lot of programs have made changes recently since the SAVE repayment plan was introduced, so updated plan documents may not be available. Email the school's LRAP point person if you have unanswered questions)

jb2028

19:08

For one example: Georgetown's LRAP requires you to enter within two years of graduation, or request an extension if you spend two years in clerkships (not eligible for LRAP). Texas' LRAP has a similar two-year window, but automatically extends it to three for clerkships *immediately after graduation*

OlderSuperSplitter

19:13

Do you ever get sick of dropping endless walls of text you pulled from a webpage that no one engages with due to your annoying need to flex how "smart" you are

trees1234567

19:16

@jb2028: here comes the LSD goat to break down the LRAP game

jb2028

19:16

The rate at which participant contributions ramp up also varies. Texas requires 20% of income over $60,000. GULC covers full payments below $75,000, then over $75,000 they subtract the excess income from $75,000 to calculate benefits (e.g., if you earn $90,000, Georgetown will provide LRAP benefits to cover what your IDR payment would be if you earned $60,000, and you'll be responsible for whatever $ amount your payments increase by income changing from $60K to 90K)

trees1234567

19:16

these are always so fun to read

jb2028

19:16

(Side note: The Georgetown one is probably the most convoluted participant contribution formula I've seen)

menherachan

19:17

@Ijustwannagetinman: i thought that only applied if you were working in tx? unless i misremembered

jb2028

19:17

And that's just scratching the surface of how these programs differ, and relying on 2022-2023 documents since Texas has not posted its updated brochure yet and Georgetown's brochure online is dated 22-23

trees1234567

19:18

@jb2028: has stanford accepted you yet

trees1234567

19:18

whats the deal there

jb2028

19:18

@trees1234567: Stanford has ghosted me, I assume my denial letter will show up sometime in August

trees1234567

19:19

ridiculous

[] ararara

19:19

@jb2028: I'm thinking it's not uniform across all lraps but I've been wondering say you're working limited hours for a nonprofit with a salary within lrap coverage range but have side income-- are you still eligible for lrap?

jb2028

19:19

@menherachan: I don't see a restriction to work in Texas specifically here, but would definitely encourage anyone choosing between Texas and other schools to confirm that with the school itself. https://law.utexas.edu/wp-content/uploads/sites/37/2023/08/LRAP-Guidelines-August-2023.pdf

Thickthighssavelives

19:20

Dear gosh OSS is back

OlderSuperSplitter

19:20

Hi Thick thighs still obsessed w me?

jb2028

19:20

@ararara: This also varies substantially by program. GULC and Texas both seem to require full-time (35+ hours) public interest employment, and specify that it needs to be JD-required or JD-preferred (also not the case at all schools)

Thickthighssavelives

19:21

[deleted by ararara]

Pongleton

19:21

oy we love jb's walls of text

jb2028

19:21

Slight correction: Texas specifies 35 hours, can't find Georgetown's definition of "full-time"

ColdPureLacroix

19:22

Scholarships are provided through the generosity of alumni and friends of the Law School and from general funds allocated by the Law School. Scholarships awarded to entering students are automatically renewed for the second and third years of law school provided the recipients remain in good academic standing and continue to maintain a standard of behavior characteristic of prospective members of the legal profession. Most scholarships are based on merit—defined broadly to include academic achievement as well as a range of other personal accomplishments and experiences—but a number of scholarships also consider an applicant’s financial need. Application Requirements Consideration for merit-based scholarships takes place during the admissions process once an applicant’s complete application has been submitted. All admitted applicants are automatically considered for merit-based scholarships, and no separate application is required. Merit-based scholarships range from $5,000 per year u

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