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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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Future And Rocko Settle Lawsuit Following Nearly TwoYear Legal Complex
Complex Future and Rocko Settle Lawsuit Following Nearly Two Year Legal Complex After a long, nearly 18 month legal battle, Rocko and his former friend and collaborator Future have reached a settlement that will reportedly result in the rapper forking over seven figures. While exact numbers weren39t provided, the producer was Future and Rocko Settle Lawsuit Out of Court XXLXXLMAG.COM Future Settles Lawsuit with Rocko And Has To Pay Up TMZ.comTMZ.com Rocko and Future Settle Financial Matter Out Of Court The Latest Hip Hop Wired all 7 news articles raquo

LegalBay Pre Settlement Lawsuit Funding Announces Major Car PR Newswire Pre...
Legal Bay Pre Settlement Lawsuit Funding Announces Major Car PR Newswire press release MIAMI, Dec. 13, 2017 /PRNewswire/ Legal Bay Pre Settlement Lawsuit Funding Announces Major Car Companies Settle Takata Airbag Lawsuit For 553 Million. and more raquo

Toshiba And Western Digital Settle Legal Dispute Financial Times
Financial Times Toshiba and Western Digital settle legal dispute Financial Times The biggest threat to the emergency 18bn sale of Toshiba39s memory chip business was resolved on Tuesday as the troubled Japanese company announced a truce in its battle with US partner Western Digital. The two sides buried the hatchet after a heated Toshiba and Western Digital reach settlement to end legal battle over chip unit saleThe Japan Times Toshiba, Western Digital settle legal battle over chip unit saleJapan Today Toshiba, Western Digital Settle Fight Over Chip Unit SaleBloomberg BBC News Tahawul Tech Zacks Investment Research SEC.gov all 244 news articles raquo

NT Government Reaches Legal Settlement With Former Don Dale ABC Online
ABC Online NT Government reaches legal settlement with former Don Dale ABC Online The Northern Territory Government reaches a legal settlement with former Don Dale detainee Dylan Voller but will not say how much, if anything, has been paid out after Mr Voller claimed he was assaulted and gassed at the facility. and more 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