In law, a settlement is a resolution between disputing parties about a legal case, reached either before or after court action begins. The term "settlement" also has other meanings in the context of law.
A settlement, as well as dealing with the dispute between the parties is a contract between those parties, and is one possible (and common) result when parties sue (or contemplate so doing) each other in civil proceedings. The plaintiff(s) and defendant(s) identified in the lawsuit can end the dispute between themselves without a trial.
The contract is based upon the bargain that a party foregoes its ability to sue (if it has not sued already), or to continue with the claim (if the plaintiff has sued), in return for the certainty written into the settlement. The courts will enforce the settlement: if it is breached, the party in default could be sued for breach of that contract. In some jurisdictions, the party in default could also face the original action being restored.
Shipping woes wipe out Maersk profits
5:16 am - Financial Times
£1.6m settlement for Cattles stakes
7:47 am - Independent
LightSquared payment lifts Inmarsat
May 09 - Financial Times
Concordia in 2mn euro settlement with French survivors
May 08 - France24
Nine sign up for T2S agreement
May 08 - Financial Times
China firm seeks settlement in iPad row: lawyer
May 07 - France24
Court approves $7.8bn BP spill settlement
May 02 - Financial Times
Air Canada, pilots union agree to labour talks
Apr 19 - CBC
USA: BP finalises $7.8 billion Gulf of Mexico oil spill settlements
Apr 18 - France24
Judge asked to sign off on BP spill settlement
Apr 18 - CBC
BP proposes Gulf spill accord terms, trial delay
Apr 18 - Financial Post
Westwood cuts ties with long-term partner
Apr 14 - Independent
JK Rowling reveals title and price of next novel
Apr 12 - Financial Times
ABCP investors to get some money back by September
Apr 12 - Financial Post
Reebok agrees to recall Tebow T-shirts
Apr 11 - CNN Money
London Markets: Banks, resources push FTSE 100 lower
Apr 10 - MarketWatch
Pricing of ebooks set for new upheaval
Apr 06 - Financial Times
End of downward spiral for thermal coal
Apr 02 - Financial Times
Australian WiFi inventors win US legal battle
Apr 01 - France24
OECD criticises settlement of bribery cases
Mar 30 - Financial Times
By IBTimes
Kurt Mix, the former BP engineer arrested for deleting messages revealing how much oil was really seeping from the stricken Deepwater Horizon well in 2010, said evidence not yet submitted to federal investigators will absolve him of all criminal charges. (4:58 pm)
By Reuters
A California jury began another round of deliberations on Tuesday in a high profile trial over allegations that Google's Android mobile platform violates Oracle's intellectual property rights. (3:21 pm)
MORE TOPICS: GOOGLE INC., CALIFORNIA, ORACLE, COURT, INTELLECTUAL PROPERTY, ANDROID
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By IBTimes
Activision has been in some legal mishaps with Infinity Ward as of late due to a breach of contract issue. However, it seems as if Activision is looking to calm disputes with former employees Jason West and Vince Zampella after paying $42 million to ... (1:03 pm)
MORE TOPICS: COURT, LAWSUIT, LOS ANGELES
By IBTimes
Spanish oil company Repsol started motions Tuesday to sue the Argentine government in the hope of collecting at least $10 billion for the seizure of its subsidiary YPF. (10:51 am)
MORE TOPICS: ARGENTINA, INVESTMENT
By IBTimes
Iran has executed a man accused of being an Israeli spy, who was found guilty of killing an alleged Iranian nuclear physicist in 2010, Iranian state media reported Tuesday. (9:02 am)
MORE TOPICS: ISRAEL, NUCLEAR WEAPONS, THE NEW YORK TIMES, NEW YORK
By Reuters
A federal judge on Monday refused to delay the approval process for a controversial $20 million settlement between Bank of America Corp <BAC.N> directors and shareholders who accused the bank of overpaying for Merrill Lynch & Co. (May 14)
MORE TOPICS: BANK OF AMERICA, MERRILL LYNCH, COURT, NEW YORK, LAWSUIT
By Reuters
A U.S. appeals court ruled on Monday that Apple Inc could press its bid for an immediate block on the sale of some tablet computers made by Samsung Electronics Co Ltd based on allegations of infringement of one patent. (May 14)
MORE TOPICS: IPHONE, APPLE INC., SAMSUNG, CALIFORNIA, COURT, IPAD
By IBTimes
In the developing story that is the resignation of Yahoo CEO Scott Thompson, details have leaked about what the former CEO disclosed to the company's board of directors and several colleagues before the major announcement. (May 14)
MORE TOPICS: PROXY FIGHT, NEW YORK, CANCER
By IBTimes UK
Yahoo Interim CEO Ross Levinsohn wishes to move on from 'serious distractions' as Thompson resigns amid cancer claims. (May 14)
By Reuters
Yahoo Inc <YHOO.O> Chief Executive Scott Thompson is stepping down after a controversy over a fake computer science college degree on his biography, the third CEO to leave the company in three years, according to a source familiar with the situation. (May 13)
MORE TOPICS: GOOGLE INC., SEC, FACEBOOK, NEW YORK, HOLLYWOOD
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