Whatever can be done to bring about the prompt and effective use of this new system of bank settlement will be done. This meant that Palestinian taxi drivers had to drive through the Israeli settlement of Bet El. Jonathan Moore, who secured the $1.7 million settlement in the Stewart case, is representing them.
In particular, when only some of the defendants agree to settle, the court must determine the share of liability that accrues to those defendants who choose to pursue litigation. To get around the issue of confidentiality referred to above, a standard procedure consent order, known as a Tomlin Order is entered into. The order itself contains an agreement that the claim is stayed and no further action can be taken in court (except for referring a dispute in the implementation of the order to court, which is allowed). The order also deals with payment of costs, and payments of money out of court if any money is held by the court (as these are matters which must be dealt with by Court Order). However, the actual terms of the settlement are dealt with in a ‘schedule’ to the order, which can remain confidential.
Examples of settlement in a Sentence
In complex litigation, especially Class Action suits or cases involving multiple defendants, a settlement requires court approval. Civil lawsuits originate when a claimant decides that another party has caused him or her injury and files suit. If the plaintiff has a strong case and the attorney believes defendant is likely to lose, the attorney may recommend that the defendant settle the case. By settling, the defendant avoids the financial cost of litigating the case. Trials are often extremely expensive because of the amount of time required by attorneys, and even alternatives to trials, such as mediation and Arbitration, can be costly. In deciding whether to settle a claim, attorneys act as intermediaries.
A settlement is an agreement that ends a dispute and results in the voluntary dismissal of any related litigation. Regardless of the exact terms, many parties choose to keep their settlement agreements private. The plaintiff typically agrees to forgo any future litigation asset pricing and portfolio choice theory against the defendant, and the defendant agrees to pay the plaintiff some monetary amount. Additionally, settlements can require the defendant to change a policy or stop some form of behavior. The situation of a settlement is the description of the settlement in relation to physical features around it and other settlements. The situation of a settlement is the most important in determining whether it grows to become a large city or stays as a small town or village.
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The parties to the suit must decide whether to offer, accept, or decline a settlement. In class actions, for example, attorneys represent a large group of plaintiffs, known as the class, who typically seek damages from a company or organization. Courts review a training describing how to setup and run tensorflow on codenvy the terms of a class action settlement for fairness. Complexities also arise in cases involving multiple defendants.
- There’s a few shops, a post office, a village hall, as well as a primary school and a doctor’s office.
- The process of discovery—in which both sides solicit information from each other—can cause embarrassment because considerable personal and financial information must be released.
- In the 1925 reforms it was provided that land might be settled either by way of strict settlement or by way of trust for sale, but not otherwise.
- The act of adjusting or determining the dealings or disputes between persons without pursuing the matter through a trial.
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The contract is based upon the bargain that a party forgoes its ability to sue (if it has not sued already), or to continue with the claim (if the plaintiff has sued), in return for the certainty written into the settlement. If it is breached, the party in default could be sued for breach of that contract. In some jurisdictions, the party in default could also face the original action being restored.
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is british pound to swedish krona exchange rate not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. In English law, settlements of land developed to a high degree of sophistication. In the 1925 reforms it was provided that land might be settled either by way of strict settlement or by way of trust for sale, but not otherwise. In business law, a settlement is the payment, satisfaction, and closing of an account. A year later, the suit ended in a settlement, the details of which remain confidential.
It can range in size from an isolated dwelling to a million city. High up in my airship I can look down and see where people have built places to live and work, from hamlets and villages to towns and cities. Suppose you wish to find out what words will translate the date of the settlement of Jamestown, Va., 1607. (d) Excess balances may, at the convenience of each federal reserve bank, remain deposited with the gold settlement fund.
Often, the exact terms of settlements are not disclosed publicly, particularly in high-profile cases where the defendant is seeking to protect a public reputation. In high-profile cases, settlements are often followed by a public statement by the defendant. It is not unusual for a large company to settle with a plaintiff for an undisclosed amount and then to issue a statement saying that the company did nothing wrong.
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Structured settlements provide for future periodic payments, instead of a one time cash payment. The cost of litigation is only one factor that encourages settlement. Both plaintiffs and defendants are often motivated to settle for other reasons. The process of discovery—in which both sides solicit information from each other—can cause embarrassment because considerable personal and financial information must be released.
Settlement is a popular option for several reasons, but a large number of cases are settled simply because defendants want to avoid the high cost of litigation. Settlement may occur before or during the early stages of a trial. In fact, simple settlements regularly take place before a lawsuit is even filed.
Breach of the schedule can be dealt with as breach of contract, or breach of the consent order. Generally, the easiest time to settle a dispute is before litigation begins, but many opportunities for settlement present themselves. As litigation advances toward trial, attorneys for both sides communicate with each other and with the court and gauge the relative strength of their cases. If either of the parties believes he is unlikely to prevail, he is likely to offer a settlement to the other party. In law, a settlement is a resolution between disputing parties about a legal case, reached either before or after court action begins. A collective settlement is a settlement of multiple similar legal cases.[1] The term also has other meanings in the context of law.
