Out-of-Court Settlement


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Out-of-Court Settlement

An agreement reached between the parties in a pending lawsuit that resolves the dispute to their mutual satisfaction and occurs without judicial intervention, supervision, or approval.

An out-of-court settlement provides that the parties relinquish their rights to pursue judicial remedies.

References in periodicals archive ?
Asked by the Racing Post yesterday whether an out-of-court settlement had been reached, Rebecca Hearsey, of Kinane's Birmingham-based solicitors Irwin Mitchell, said: "I can't comment.
South Tees Hospitals NHS Trust spokeswoman Amanda Marksby confirmed that an out-of-court settlement had been reached with Mrs Hardy.
The McMeekins' solicitor Richard Hill confirmed that his clients had received the out-of-court settlement of pounds 67,500.
This is the fifth out-of-court settlement Wheeling-Pittsburgh Steel Corporation has reached in its 1916 Act antidumping lawsuit.
With this stage of the trial scheduled to take seven weeks, and the damages and apportionment stage estimated to occupy another 20 weeks of court time, Justice Brenner urged all counsels to work towards an out-of-court settlement.
The release of chemical solvents from the maquiladoras is frequently cited as a cause, and in 1975, several companies reached a $17 million out-of-court settlement with more than two dozen parents of anancephalic babies.
Leavy succeeded in winning a modest out-of-court settlement for Jane.
A recent out-of-court settlement involving the Sisters of Mercy Health System (SMHS) provides some guidance, at least with respect to one antitrust enforcer's position, on the question of whether there is a ceiling on the percentage of physicians in a particular specialty that hospitals or payers can acquire without violating the antitrust laws.
Even when an innocent CPA believes such problems can be overcome, the sheer risk of the endeavor-- particularly given the threat of punitive damages or treble damages under the Racketeer-Influenced and Corrupt Organizations Act may make out-of-court settlement of even a frivolous case the preferred course of action.
In one building where a tenant and the board had a disagreement, we were able to appeal to both parties and negotiate an out-of-court settlement, saving the: co-op thousands in legal fees.
NASDAQ:TWTI) and Stratagene Corporation (NASDAQ:STGN) today announced that they have reached an out-of-court settlement regarding the matter litigated in U.
The bondholders' association has adopted a strategy of seeking an out-of-court settlement, its chairman Fivos Mavrovouniotis said yesterday.