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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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questionnnnnn - does anyone know what it means if you got the first feeler from gulc last week? can't tell if its something generic or something to get hopes up for.
16:22
For those accepted by the University of Utah in the past week--can you share when their published seating fee deadline is? I know the first one was April 15th...? THX!
MrThickRopes
18:28
Fo pm gon be a movviiiiieeee tmrw
MrThickRopes
18:29
I can feeeeeel iiiiit
18:48
@WinnieCOgirl: The Seat Deposit & Enrollment Certification form (due on 05/02/2025) The Seat Deposit (due on 05/02/2025)
rejected on a saturday GG
MrThickRopes
19:49
Did u get rejected fo pm ?
good question i panic checked, do most decisions drop at 4?
i have no clue i checked at 10pm
@ObeseDisagreeableDevil: just generic sent to all
that's what I thought fancy
MrThickRopes
21:37
it all comes at fo
MrThickRopes
21:38
everything
MrThickRopes
21:38
fo pm
21:43
i need advice about undergrad and gpa, can someone help
MrThickRopes
22:33
ok
MrThickRopes
22:33
hit me
22:53
i know its hard to know because I haven't taken LSAT yet, but Im going to graduate with a 3.4. Idk if id write an addendum for my gpa because i just slacked off for a lot of college unfortunately. Plan is to start studying for lsat in October, and then take a gap year to get WE. T14 isn't even on my radar, but from people who know and understand the admission process better probably, am i cooked at even getting into a T50. I know lsat score is huge but reading people get rejected while having 3.8+ is anxiety inducing
23:25
@Sagamore: you can do applicant search to get closer results but there are plenty of ppl with a 3.3-3
23:25
3.4 that got into t50s-t20s (sorry i pressed send early)
23:26
i would just focus on maximizing ur lsat score
we always talk about fo pm but never about fo am
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[] ararara
3:14
Don’t know if I’m about to make things worse but hang in there! If you’re stressed out get to your nearest trampoline and start jumping! It’s better than therapy! Hopefully you’re under some stars!
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