American Rule

  

Wasn't this the slogan as we Manifest Destiny'd? Hm. Maybe not.

Perhaps unintentionally, this rule encourages spurious litigation by requiring each party in a lawsuit to pay its own attorneys’ fees (as opposed to “English Rule,” which requires the losing party to pay both sides’ legal fees, increasing the downside of bringing, losing, a frivolous claim).

So if you, or someone who owes you a big favor, are a lawyer, consider suing a corporate giant like McDonald’s for negligence because they served you hot coffee that burned you. Odds are that Mickey D’s legal costs for a trial would outweigh yours and you may get a settlement for an amount somewhere in the middle of those two amounts. Win-win.

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Finance: What is a Dissident Director?4 Views

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Finance allah shmoop What is a dissident director Well everyone

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else wanted diet but thiss guy well he just insisted

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on regular he's the dissident going against the state against

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the tide against the vote while a dissident director is

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a member of the board who either votes against the

00:24

set of new mandates that everyone else went thumbs up

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on and or who initiates her own vote which is

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pretty much the opposite of what everyone else wants You

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know we know people like that like maybe they voted

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to replace all the toilets in the corporate washrooms with

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today's It's happened Really In real life a dissident director

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can dissent against popular board vote in things like the

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company accepting a takeover bid at fifty eight bucks a

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share in stock Well that dissident director might demand that

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the takeover dobie paid in cash because well she doesn't

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trust the stock market's appraisal of the valuation of the

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stock currency being used to take over their company Well

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another descent might revolve around a company seeking toe over

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pay for an acquisition Like that dissident director might be

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the lone rational voice suggesting that they not pay Ah

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Hundred times revenue to take out a competitor And the

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dissident director may also come from an operational perspective In

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that they want to fire the ceo for poor performance

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whereas the rest of the board loves being on the

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ceo's good side for the selfies and you know all

01:36

the good instagram ingredients Well sometimes all it takes is

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one brave soul to go against the crowd although when

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it comes to the diet coke thing it might just 00:01:45.209 --> [endTime] be better toe Pick your battles

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