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Facts - Books - News    U.S. Facts Of Law:

A Legal Settlement

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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Michigan House Changes Nassar Bills After Legal Settlement ABC News
Michigan House changes Nassar bills after legal settlement ABC News The Michigan House on Tuesday scaled back legislation inspired by the Larry Nassar sexual assault scandal, dropping certain measures addressed by last week39s 500 million settlement between Michigan State University and hundreds of Nassar39s victims and more raquo

Hostile Bid In N.C. Ends With Legal Settlement American Banker American Banker
American Banker Hostile bid in N.C. ends with legal settlement American Banker American Banker KS Bancorp is buying back all the shares that First Citizens acquired in an effort to take over the much smaller bank. and more raquo

DU Law School Reaches 2.6 Million Settlement In Equal Pay Lawsuit The Denver...
The Denver Channel DU law school reaches 2.6 million settlement in equal pay lawsuit The Denver Channel DENVER AP After 31 years working at a law school in Denver, Lucy Marsh learned that she remained the lowest paid professor on staff. She also was among the most experienced, surpassed by only one other person. The disclosure in a department University of Denver will pay 2.7 million to settle unequal pay lawsuit brought by female law professorsThe Denver Post 9news.com DU law school will pay 2.6M to female professors in 9News.com KUSA all 22 news articles raquo

Judge Orders Firm Of Stormy Danielsapos Attorney To Pay 10 Million Judgment CNN
NBCNews.com Judge orders firm of Stormy Daniels39 attorney to pay 10 million judgment CNN quotMichael Avenatti39s law firm entered into a crystal clear written settlement agreement to resolve a prior lawsuit brought by Jason Frank, his former law partner,quot Eric George, an attorney for Frank said in a statement. quotThe settlement agreement was Avenatti39s law firm hit with 10 million judgmentNBCNews.com Law firm of Stormy Daniels39 attorney hit with 10 million judgmentNew York Daily News all 61 news articles raquo

IMPORTANT NOTICE: 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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Facts of Law covering lawsuit settlement procedure

Facts of Law - Lawsuit Settlement