Consumer Law

Video - Settlements And Verdicts Explained

By M. Stan Herring

Here's the basic difference between a verdict and settlement:

A verdict is where the court has decided who wins and how much the other side will pay the winning side.

A settlement is an agreed upon resolution. It can involve money and also non monetary aspects - such as setting aside a wrongful foreclosure, removing false credit reporting, etc.

I hope this has been helpful to you.

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Full post as published by Alabama Consumer Blog on June 23, 2010 (boomark / email).