A settlement is when one party involved in a lawsuit agrees not to pursue further legal action against another in exchange for some form of compensation. This is often a win-win situation for both parties. The defendant who offers the settlement wins because they do not have to take the risk of having a judgment brought against them, which may result in damages far beyond the settlement offer. Furthermore, it eliminates the costly expense of hiring a series of lawyers and engaging in a lengthy litigation process.
The plaintiffs also win out because he or she does not have to fight through a protracted legal battle in order to receive compensation for his or her injuries. Often times, it may take years to receive a judgment, during which period the victim must pay his or her own way and could easily go into bankruptcy before receiving a cent for injuries suffered. It also eliminates the time commitment of going to trial, testifying, and other similar issues.
Finally, the entire justice system wins out when a settlement is offered. Cases that would otherwise strain the resources of the courts are instead settled out of court. As such, the majority of civil cases where large sums of money at stake are typically settled out of court.
If you or a loved one has been injured by the negligence of another, contact a Cincinnati personal injury attorney at Stepleton Dugan, LLC by calling 513-321-7733, and we will evaluate your case, fighting for your legal rights and determining the best course of action.