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Facts - Books - News U.S. Facts Of Law: |
A Legal Settlement
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A settlement is a contract that is one possible result when parties sue (or contemplate so doing) each other in civil courts, usually seeking money as reparations for the alleged wrongdoing of the defendants. The plaintiff(s) and defendant(s) identified in the lawsuit can agree to resolve the dispute between themselves without a trial. The resolution of the lawsuit sets forth the obligations of the parties, and is often made effective by an order of the court after a joint stipulation by the parties. In other situations (as where the claims have been satisfied by the payment of a certain sum of money) the plaintiff and defendant can simply file a notice that the case has been dismissed.
(see
Legal Kits)
The majority of cases are decided by a legal settlement. Both sides often have a strong incentive to settle to avoid the costs (such as legal fees, finding expert witnesses, etc.), associated with a trial, particularly where a trial by jury is available. Generally, one side or the other will make a settlement offer early in litigation. The parties may hold (and indeed, the court may require) a settlement conference, at which they attempt to reach such an agreement.
In controversial cases, a settlement agreement may require both sides to keep its contents and all other information relevant to the case confidential. Confidentiality is not possible in class action cases in the United States, where all settlements are subject to approval by the court pursuant to Rule 23 of the Federal Rules of Civil Procedure and counterpart rules adopted in most states.
In criminal matters, a settlement is referred to as a plea bargain.
Claim Settlements
While most claims are settled before they reach court, when a case is more involved it may require the use of an "attorney" or a "lawyer". In the case of insurance companies, they may be more inclined to settle a case out of court to save on costs. Depending on the case, a person may deal directly with the company in question to come to a reasonable financial settlement without using an "attorney".
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Legal
Settlement
News
GN News
• Starwood Profit Falls As Legal Settlement Income Isnapost Repeated Bloomberg
msnbc.comStarwood Profit Falls as Legal Settlement Income Isn39t RepeatedBloombergStarwood Hotels amp Resorts Worldwide Inc., owner of the luxury St. Regis and W brands, said fourth quarter profit fell after a payment from a lawsuit settlement boosted year earlier earnings and demand in Europe weakened.Starwood Hotels Q4 Profit Falls, Yet Tops View Gives Strong Q1 ForecastNASDAQStarwood Reports Fourth Quarter 2011 ResultsMarketWatch press releaseall 223 news articles raquo
• African Queen Mines Completes Legal Settlement For Rongo Gold Fields, Payment...
Proactive Investors USA CanadaAfrican Queen Mines completes legal settlement for Rongo Gold Fields, payment Proactive Investors USA CanadaAfrican Queen Mines CVE:AQ said Friday that it has now resolved and completed all details of the legal settlement process relating to a land dispute over certain areas of its Rongo Gold Fields project in southwest Kenya. In late November last year, Legal Settlement Process Successfully Completed at African Queen39s Rongo Gold MarketWatch press releaseall 4 news articles raquo
• TDC Plans Buyback After Legal Settlement And Firm Q4 Reuters
TDC plans buyback after legal settlement and firm Q4ReutersTDC said it would use its share of money from settlement of a legal dispute between its associated company DPTG and Poland39s TPSA for a share buyback up to 750 million crowns. DPTG39s main owner, GN Store Nord said last month TPSA agreed to pay a total and more raquo
• SEC Reaches Settlement With Former Qwest CFO The Associated Press
SEC reaches settlement with former Qwest CFOThe Associated PressDENVER AP The Securities and Exchange Commission has reached a settlement with former Qwest Communications International Inc. Chief Financial Officer Robert Woodruff over its civil fraud lawsuit. Woodruff agreed to settle without admitting or and more raquo
• Christie Backs Nominee Kwon After Familyaposs Legal Settlement San Francisco...
The Star Ledger NJ.comChristie Backs Nominee Kwon After Family39s Legal SettlementSan Francisco Chronicle30 Bloomberg New Jersey Governor Chris Christie defended his choice of Phillip Kwon to serve on the state Supreme Court after a liquor store run by Kwon39s family forfeited almost 160000 to settle a US civil lawsuit over 2 million in cash Gov. Christie says he was aware of civil settlement between feds and Supreme The Star Ledger NJ.comall 26 news articles raquo
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The information provided by FactsOfLaw.com does not
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provided for educational purposes only without
warranty of any kind. FactsOfLaw.com has not
reviewed the information on this page for accuracy
and is not responsible for any errors, omissions or
inaccuracies. For legal advice you should
consult a licensed attorney. Source: wikipedia.org
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