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Author Topic: What Are the Personal Injury Settlements?  (Read 212 times)

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Offline harpersmith37

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What Are the Personal Injury Settlements?
« on: August 11, 2016, 11:38:46 PM »
There’s been a lot of conversation in the United States about tort reform in the last couple of decades, usually focused on the need to rein in frivolous lawsuits. Proponents of tort reform talk about large settlements or verdicts threatening the economy and the legal system as though they’re something that happen everyday. That conversation plus sensational media coverage of multi-million dollar settlements or verdicts help create a perception that everyone can reap millions of dollars from a lawsuit – even one without merit – when that’s actually very far from reality.

However, the majority of legal claims arising from injuries or accidents do not reach a civil court trial. Typically, they are resolved earlier in the litigation process through a negotiated settlement among the parties. Sometimes an informal settlement also known as personal injury settlement can take place before any lawsuit is even filed. Through settlement, the plaintiff agrees to give up the right to pursue any further legal action in connection with the injuries, in exchange for payment of an agreed-upon sum of money from the defendant. In rare cases, instead of paying money, the defendant will agree to perform or stop performing a certain action.

 

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