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A settlement, as well as dealing with the dispute between the parties is a contract between those parties, and is one possible (and common) result when parties sue (or contemplate so doing) each other in civil proceedings. The plaintiffs and defendants identified in the lawsuit can end the dispute between themselves without a trial. [2]
Counter-claims and cross claims do not require personal service because no new parties are being added to the lawsuit. In some state court systems, a contribution claim must be opened as a new case, and thus the defendant must pay for a filing fee, docket number, or index number. In other states, however, no additional fee is required.
NAILTA represents the interests of those independent settlement service providers who serve over 31 million real estate purchase consumers per year, [14] who close an estimated $514.8 billion's worth of refinance mortgages per year, [15] and who collectively insure approximately $1.67 trillion in total national title insurance liability per year.
Liability insurance (also called third-party insurance) is a part of the general insurance system of risk financing to protect the purchaser (the "insured") from the risks of liabilities imposed by lawsuits and similar claims and protects the insured if the purchaser is sued for claims that come within the coverage of the insurance policy.
It is sometimes said that 95% of cases end in settlement; few jurisdictions report settlements, but empirical analysis suggests that the settlement rate varies by type of lawsuit, with torts settling around 90% of the time and overall civil cases settling 50% of the time; other cases end due to default judgment, lack of a valid claim, and other ...
Toxic mold is a common cause of bad faith lawsuits, with about half of the 10,000 toxic mold cases in 2001 being filed against insurance companies on bad faith grounds. Before 2000 the claims were uncommon, with relatively low payouts. One notable lawsuit occurred when a Texas jury awarded $32 million (later reduced to $4 million).
On March 15, 2024, the National Association of Realtors announced that it would settle the lawsuit rather than appeal. The group agreed to change how commissions are paid and to pay back $418 million over four years. [16] The judge presiding over the case granted preliminary approval to the settlement on April 23, 2024. [17]
Target Corp., 968 F.3d 827 (7th Cir. 2020), the Seventh Circuit held that equitable restitution is available for a practice known as "objector blackmail," where objectors to a class action settlement drop their objections on behalf of the class in return for a private payment in excess of the rest of the class.