final settlement

final settlement

n. an agreement reached by the parties to a lawsuit, usually in writing and/or read into the record in court, settling all issues. Usually there are elements of compromise, waiver of any right to re-open or appeal the matter even if there is information found later which would change matters (such as recurrence of a problem with an injury), mutual release of any further claim by each party, a statement that neither side is admitting fault, and some action or payment by one or both sides. In short, the case is over, provided the parties do what they are supposed to do according to the final settlement's terms. With the glut of cases crowding court calendars and overwhelming the system and delays in getting to trial (due to three factors: increased criminal case load, increased litigious nature of society, and an insufficient number of judges), judges encourage attempts to settle, including mandatory settlement conferences with judges or experienced settlement attorneys present. (See: settlement)

References in periodicals archive ?
Strides announced that it will receive from Mylan $150 million as the full and final settlement against the contingent holdback of up to $250 million.
PIC announces that, following the conclusion of arbitration proceedings with Dow earlier this year and having exhausted all possible challenges to the award made in the arbitration proceedings, it has reached final settlement of its dispute with Dow related to the K-Dow transaction," said the compay's statement on Tuesday.
As far as the period for settlement is concerned, going strictly by the rules, the final settlement needs to happen on an employee's last working day at the organisation.
Based on the Proration Procedures, the Company will accept for purchase on the 2023 Notes Final Settlement Date approximately an additional U.
FINAL settlements to miners suffering chest diseases may not be made until 2012, Plaid Cymru warned yesterday.
In an early bid to resolve the dispute Ferguson was offered four nominations a year and it is possible this might have been revived, although the final settlement will almost certainly be capitalised into a lump sum to avoid any further complications.
As for household disposable income, the interpretation is made more difficult by the exclusion of capital gains, an important source of additional taxes in final settlements, from the concept of income used in the National Accounts.
Nevertheless, it is clear that American officials involved in these negotiations perceive this Interim Agreement as consisting of "autonomy for the people" and perhaps "autonomy for the land" in the Final Settlement.
As a result of the agreement Report and Recommendation of the Special Master, a total of $415 million was awarded to the members of the class in the final settlement agreement.
Specialized transactions, which may include those for various classes of securities and equities and their derivative products, rely on traditional payment mechanisms for final settlement but increasingly involve the preliminary step of netting.
announced today amendments to the final settlement price fixing and last trading day hours for the Gold-mini and Platinum-mini futures contracts.
NEW YORK, June 5, 2012 /PRNewswire/ -- Legal-Bay LLC -The Lawsuit Settlement Funding Company- has been advising their DePuy Hip Implant and Recall clients that they believe that there will be some clarity to final settlement figures by the first quarter of 2013.