statutory offer of settlement

(redirected from Offer of judgment)
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statutory offer of settlement

n. a written offer of a specific sum of money made by a defendant to a plaintiff, which will settle the lawsuit if accepted within a short time. The offer may be filed with the court, and if the eventual judgment for the plaintiff is less than the offer, the plaintiff will not be able to claim the court costs usually awarded to the prevailing party.

References in periodicals archive ?
Accordingly, as explained in greater detail below, a strategy has evolved in FLSA collective action litigation in which a defendant will make a Rule 68 offer of judgment to a named plaintiff before the action is certified by the court as a collective action.
Before Symczyk formally petitioned for class certif ication, the defendant made an offer of judgment under Federal Rule of Civil Procedure 68, offering to pay Symczyk $7,500 plus attorneys' fees and costs as determined by the court.
The report said that offer of judgment law could also encourage cases to settle before trial.
However, any offer of admission of liability, settlement offer, or offer of judgment made by an insurer or self-insurer was requited to be made "in good faith and in the best interests of the insured.
Torrent prompted resolution of the lawsuit by making a Rule 68 offer of judgment.
Shortly after the legislation was passed, the defendants made a $6,300 offer of judgment to the plaintiffs, which they rejected.
section] 1988 after the offer of judgment is made, meaning that both
1995) (holding that offer of judgment provision of the Civil Justice Expense and Delay Reduction Plan for the Eastern District of Texas, enacted pursuant to the CJRA, is inapplicable to citizen suits under the Clean Water Act, 33 U.
If the offer of judgment is rejected by the plaintiff and the judgment finally obtained by the plaintiff is less favorable than the offer, the plaintiff "must pay the costs incurred after the making of the offer.
Under a provision of Florida law, a defendant can send the plaintiff an offer of judgment for a specified amount to resolve the case.
the filing of an offer of judgment does not provide a substantial right to recovery, and the mere filing of a motion for sanctions by the defendants did not vest them with a right to have sanctions determined or awarded.
It is not an ethical violation for an attorney to buy an insurance policy that would cover his or her client from fees and costs imposed as a result of rejecting an offer under Florida's unique offer of judgment statute, according to the Professional Ethics Committee.