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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
• The Bitter Ironies In USDAaposs Firing Of Shirley Sherrod Huffington Post Blog
CNNThe Bitter Ironies in USDA39s Firing of Shirley SherrodHuffington Post blogWhen a legal settlement finally promised justice, USDA employees lobbied against the measures. GAO investigators probing the case were tossed from USDA39s Truth and Irony in Agriculture FiascostruthoutBehind the firing of Shirley SherrodWorkers Worldall 60 news articles raquo
• Plaintiffs: NYC Settlement Of 50shot Case Is Fair The Associated Press
Sydney Morning HeraldPlaintiffs: NYC settlement of 50 shot case is fairThe Associated PressAfter legal fees, Louima was left with about 5.8 million. The plaintiffs in the Bell case said Wednesday they would now lobby for pending state legislation New York City settles for 7.15M in Sean Bell police shootingNew York Daily NewsFinally Some Justice For Family Of NYC Shooting VictimTonicSean Bell, Abner Louima, and Amadou Diallo: New York Police Brutality VictimsAssociated ContentNew York Magazine Execte Newsall 544 news articles raquo
• Life Settlements Are DOA As An Investment MarketWatch
Life settlements are DOA as an investmentMarketWatchThird, there is a legal risk or what Leimberg calls a quotpollutedquot portfolio. quotThat39s the risk that comes when due to fraud or a lack of insurable interest, and more raquo
• AMR Corp Agrees To Settle US Cargo Suit NASDAQ
AMR Corp Agrees To Settle US Cargo SuitNASDAQAmerican39s Wagner said AMR was added as a defendant in a procedural move so that the UK court could review its proposed US settlement.and more raquo
• Assurant Q2 Adj. Profit Rises, Tops View Update RTT News
RTT NewsAssurant Q2 Adj. Profit Rises, Tops View UpdateRTT NewsAssurant Health reported a net operating income of 25.3 million, which includes 17.4 million after tax from a reserve decrease due to a legal settlement. Assurant Reports Second Quarter 2010 Financial ResultsPR Newswire press releaseall 28 news articles raquo
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The information provided by FactsOfLaw.com does not
constitute legal advice or any other type of advice and is
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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