special facts doctrine

Definition of "special facts doctrine"
  1. A principle that asserts if a corporate leader has advanced knowledge because of their insider position, they must fulfill a specific fiduciary obligation to a shareholder when stock transfer transactions are involved
How to use "special facts doctrine" in a sentence
  1. The CEO was accused of violating the special facts doctrine by not disclosing essential details to the shareholders during the stock exchange.
  2. In the investigation, it was revealed that the special facts doctrine had been breached as the privileged information was not shared with the shareholder during the transaction.
  3. The special facts doctrine comes into play when insider information is relevant to a stock transaction between the company official and a shareholder.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z