Full Answer
What does it mean to reach a settlement?
Through settlement, the plaintiff (the person filing the lawsuit) agrees to give up the right to pursue any further legal action in connection with the accident or injury, in exchange for payment of an agreed-upon sum of money from the defendant or an insurance company.
What does settlement mean in history?
n. 1. The act or process of settling: the settlement of sediment. 2. a. The settling or establishment of a person or a group of people, as in a new region or in a business. b. A newly colonized region. 3. A small community. 4. a.
What is the legal definition of settlement?
Settlement definition law is used in civil suits where an agreement is issued to prevent the civil litigation from proceeding through the court system. This agreement is referred to as a settlement. When a settlement in civil litigation occurs, the defendant is agreeing to some of the claims made by the plaintiff and is deciding not to go through the process of litigation in court.
What is settlement definition law?
Settlement. 1. An agreement that ends a dispute and results in the voluntary dismissal of any related litigation. Regardless of the exact terms, parties often choose to keep their settlement agreements private. 2. In business law, the payment, satisfaction, and closing of an account. 3.
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What does settlement mean?
1 : a formal agreement that ends an argument or dispute. 2 : final payment (as of a bill) 3 : the act or fact of establishing colonies the settlement of New England. 4 : a place or region newly settled. 5 : a small village.
What is example of settlement?
An example of a settlement is when divorcing parties agree on how to split up their assets. An example of a settlement is when you buy a house and you and the sellers sign all the documents to officially transfer the property. An example of settlement is when the colonists came to America.
What is settlement answer in short?
Settlements are places where people build their homes.
What settlement means in law?
1. An agreement that ends a dispute and results in the voluntary dismissal of any related litigation. Regardless of the exact terms, parties often choose to keep their settlement agreements private. 2. In business law, the payment, satisfaction, and closing of an account.
What are the 3 types of settlements?
Settlement Types There are generally three types of settlements: compact, semi-compact, and dispersed. Each is based on its population density.
What are the 4 types of settlements?
The four main types of settlements are urban, rural, compact, and dispersed.
What are the 2 types of settlement?
Settlement is a place where people live and carry out various economic activities on a relatively permanent basis. It can be divided into two types: rural settlement and urban settlement. The two types of settlement are differentiated by their size, density of population and employment pattern.
What is settlement explain its types with examples?
There are 5 types of settlement classified according to their pattern, these are, isolated, dispersed, nucleated, and linear. ... In a nucleated or compact settlement, the buildings are clustered, linked by roads, and the settlement itself may have a nearly circular or irregular shape.
What can you say about settlement?
A settlement is an official agreement between two sides who were involved in a conflict or argument. Our objective must be to secure a peace settlement. A settlement is an agreement to end a disagreement or dispute without going to a court of law, for example by offering someone money.
Does settlement mean guilty?
Lack of Guilt: When a claim is settled out of court, it means that neither party admitted to any wrongdoing and therefore, that neither party can be found “guilty.” Settling out of court essentially allows the other party to pay for his or her misconduct without assuming legal liability.
How do settlements work?
A settlement agreement works by the parties coming to terms on a resolution of the case. The parties agree on exactly what the outcome is going to be. They put the agreement in writing, and both parties sign it. Then, the settlement agreement has the same effect as though the jury decided the case with that outcome.
Why are settlements legal?
Settlements commonly provide for, or are construed to allow, either party to enforce their terms or to ignore them and reopen the underlying dispute if the other party fails to fulfill the terms and conditions agreed upon.
What are the two types of settlement?
Settlements can broadly be divided into two types – rural and urban.
What is land settlement?
Strictly speaking, the term Settlement has two meanings : (i) the allotment of unoccupied land at a revenue assessment calculated at fixed rates, and (ii) the modification of the rates at which occupied land has been assessed, and at which unoccupied land will be assessed.
What are the types of settlement in geography?
There are 5 types of settlement classified according to their pattern, these are, isolated, dispersed, nucleated, and linear.
What can you say about settlement?
A settlement is an official agreement between two sides who were involved in a conflict or argument. Our objective must be to secure a peace settlement. A settlement is an agreement to end a disagreement or dispute without going to a court of law, for example by offering someone money.
When did anyone get included in the class settlement?
Anyone is generally included in this class settlement if they own or owned buildings or residences built on or after January 1, 2002 that contain (or contained) Uponor yellow brass fittings.
What does the Dominion National settlement cover?
This settlement covers those whose personal information was stored on Dominion National’s computer network and may have been accessed during a security incident.
What happens to money that’s left on the table after a settlement deadline has passed?
The lawyers get paid, and so should you. Don’t leave your money on the table – it could very well be returned to the defendant, leaving little encouragement for big corporations to change their ways.
What happens when a class action lawsuit settles?
When a class action lawsuit settles, people who could collect part of the settlement may receive a letter in the mail or an e-mail that contains instructions on how to claim their money or refunds. In some cases, however, attorneys working on the case have no way of gathering the contact information of people who could claim part of a final settlement.
When did Hyatt settle fingerprints?
This settlement covers current and former Hyatt employees who scanned their fingerprint using Hyatt’s timekeeping system as a requirement for employment between October 30, 2012 and December 16, 2018.
When will Broward County settle parking?
Anyone in the United States who purchased parking from Broward County at Fort Lauderdale-Hollywood International Airport at any time between June 28 and October 31, 2018, or between April 5 and 22, 2019 may be able to claim a piece of this settlement. Visit Official Settlement Website.
Is a Mercedes Benz covered by a settlement?
If you bought or leased a Mercedes-Benz or Sprinter BlueTEC II diesel vehicle, you may be covered by this settlement.
What Is Net Settlement?
Net settlement is a bank's routine resolution of the day's transactions at the end of the business day.
What is real time gross settlement?
Large-value interbank funds transfers usually use real-time gross settlement. These often require immediate and complete clearing, which are typically organized by the nation's central bank. Real-time gross settlement can reduce a bank's settlement risk overall as the interbank settlement occurs in real-time throughout the day, ...
Why is real time settlement important?
Real-time gross settlement can reduce a bank's settlement risk overall as the interbank settlement occurs in real-time throughout the day , rather than all together at the end of the day as with net settlement. This type of gross settlement eliminates the risk of a lag in completing the transaction.
Why do banks use net settlement?
Net settlement makes it easier for banks to manage their liquidity. That is, they need to know that they have enough real cash on hand to pay out to their customers over the counter and at the ATMs. There are two types of net settlement systems:
What is bilateral settlement?
Bilateral settlement systems require the final resolution of payments made between two banks over the course of a day. These are due to be settled at the close of business, typically via a transfer between their accounts at the central bank.
Is real time settlement higher than net settlement?
Real-time gross settlement often incurs a higher charge than net settlement processes.
What Is a Settlement Date?
The settlement date is the date when a trade is final, and the buyer must make payment to the seller while the seller delivers the assets to the buyer. The settlement date for stocks and bonds is usually two business days after the execution date (T+2). For government securities and options, it's the next business day (T+1). In spot foreign exchange (FX), the date is two business days after the transaction date. Options contracts and other derivatives also have settlement dates for trades in addition to a contract's expiration dates .
What causes the time between transaction and settlement dates to increase substantially?
Weekends and holidays can cause the time between transaction and settlement dates to increase substantially, especially during holiday seasons (e.g., Christmas, Easter, etc.). Foreign exchange market practice requires that the settlement date be a valid business day in both countries.
How far back can a forward exchange settle?
Forward foreign exchange transactions settle on any business day that is beyond the spot value date. There is no absolute limit in the market to restrict how far in the future a forward exchange transaction can settle, but credit lines are often limited to one year.
How long does it take for a stock to settle?
Most stocks and bonds settle within two business days after the transaction date . This two-day window is called the T+2. Government bills, bonds, and options settle the next business day. Spot foreign exchange transactions usually settle two business days after the execution date.
How long does it take to settle a stock trade?
Historically, a stock trade could take as many as five business days (T+5) to settle a trade. With the advent of technology, this has been reduced first to T=3 and now to just T+2.
How long does it take for life insurance to be paid?
If there is a single beneficiary, payment is usually within two weeks from the date the insurer receives a death certificate.
What is the settlement agreement with National Systems America?
On January 14, 2021, the Division signed a settlement agreement with National Systems America, LP (NSA) to resolve claims based on its independent investigation into whether the company engaged in discrimination based on citizenship status in the hiring and employment eligibility verification processes in violation of 8 U.S.C. § 1324b (a) (1) (B) and (a) (6). The company recruits employees using a foreign company as its agent, and directly hires them to perform IT work for NSA clients. IER’s investigation concluded that the company (1) engaged in a pattern or practice of recruiting and hiring only U.S. citizens or U.S. citizens and lawful permanent residents for certain positions without legal justification, in violation of 8 U.S.C. § 1324b (a) (1) (B); and (2) on numerous occasions, requested copies of Permanent Resident Cards to confirm the citizenship status and work authorization of candidates who identified themselves as lawful permanent residents during the applicant screening process, in violation of 8 U.S.C. § 1324b (a) (6). Under the settlement agreement, the company will pay a civil penalty of $34,200 to the United States and train its employees on the requirements of the INA’s anti-discrimination provision, and be subject to departmental reporting requirements.
What is the settlement agreement with Chancery Staffing?
On February 18, 2020, the Division signed a settlement agreement with Chancery Staffing Solutions LLC, aka TransPerfect Staffing Solutions , a legal staffing company headquartered in New York, NY. The Division had previously filed a lawsuit in May 2019 alleging that from at least April 4, 2017 to at least July 7, 2017, the company (while operating as TransPerfect Staffing), had implemented a client directive restricting its recruitment and hiring of attorneys for a document review project to U.S. citizens only, and later, to U.S. citizens without dual citizenship. Under the settlement agreement, Chancery Staffing will pay a civil penalty of $27,000, provide back pay to victims identified during the term of the settlement agreement, and participate in Division-provided training on the anti-discrimination provision contained in 8 U.S.C. § 1324b. Chancery Staffing will also obtain supporting documentation from clients that request a citizenship status restriction when staffing a project to help ensure that any such restriction is lawful.
What is the settlement agreement with Adaequare?
(Adaequare) to resolve an independent investigation into whether the company engaged in citizenship or immigration status discrimination in violation of 8 U.S.C. § 1324b (a) (1) (B). IER’s investigation concluded that the company, which recruits workers for other entities, engaged in discrimination in the hiring or recruitment/referral for a fee processes by considering only applicants who were U.S. citizens and lawful permanent residents when filling a job for a client. Under the settlement agreement, the company will pay a civil penalty to the United States, train its employees on anti-discrimination obligations, and be subject to departmental reporting requirements.
What is the Facebook lawsuit?
citizens, U.S. nationals, refugees, asylees, and recent lawful permanent residents) in its recruitment and hiring practices, in violation of 8 U.S.C. § 1324b (a) (1). The lawsuit alleges that Facebook routinely refused to recruit, consider, or hire U.S. workers for positions that it reserved for temporary visa holders in connection with the permanent labor certification process (“PERM”). The complaint alleges that beginning no later than January 1, 2018 and lasting until at least September 18, 2019, Facebook used recruiting methods designed to deter U.S. workers from applying to positions reserved for temporary visa holders, refused to consider U.S. workers who applied to the positions, and hired only temporary visa holders for the positions.
What was the settlement agreement with Tuscany Hotel and Casino?
On October 10, 2012, the Department of Justice issued a press release announcing a settlement agreement with Tuscany Hotel and Casino resolving a lawsuit alleging the company discriminated against certain non-U.S. citizen s during the employment eligibility verification and reverification processes by requesting those individuals to provide more or different documents or information than required under Form I-9 rules based on their citizenship status. Under the terms of the settlement agreement, Tuscany agreed to pay a civil penalty of $49,000 to the government and full back pay to an economic victim. Tuscany will also receive OSC-sponsored training regarding the anti-discrimination provision of the INA, be subject to reporting and monitoring requirements, and will revise its employment eligibility verification procedures.
When did ChemArt settle?
ChemArt (Unfair Documentary Practices and Retaliation) June 2020. On June 3, 2020, IER signed a settlement agreement with ChemArt, a Rhode Island manufacturing company, resolving claims that the company discriminated against a worker during the employment eligibility verification process and then retaliated against her.
What is the Ikon settlement agreement?
On December 8, 2020, the Division signed a settlement agreement with Ikon Systems , LLC , resolving claims that Ikon routinely discriminated against U.S. workers (U.S. citizens, U.S. nationals, recent lawful permanent residents , asylees, and refugees) by posting job advertisements specifying a preference for applicants with temporary work visas, and that Ikon failed to consider at least one U.S. citizen applicant who applied to a discriminatory advertisement. Specifically, IER’s investigation found that from at least May 8, 2019, to September 21, 2019, Ikon posted at least eight job advertisements for information technology (“IT”) positions that solicited applications from non-U.S. citizens with immigration statuses associated with certain employment-based visas and, in so doing, harmed U.S. workers by unlawfully deterring or failing to fairly consider them for hire, including the Charging Party. Under the agreement, Ikon will pay a civil penalty of $27,000 to the United States, revise its policies and procedures, train relevant employees and agents on the requirements of the INA’s anti-discrimination provision, and be subject to departmental reporting requirements during the agreement’s two-year term. Separately, Ikon will pay the $15,000 to the Charging Party.
What is the tax rule for settlements?
Tax Implications of Settlements and Judgments. The general rule of taxability for amounts received from settlement of lawsuits and other legal remedies is Internal Revenue Code (IRC) Section 61 that states all income is taxable from whatever source derived, unless exempted by another section of the code. IRC Section 104 provides an exclusion ...
What is employment related lawsuit?
Employment-related lawsuits may arise from wrongful discharge or failure to honor contract obligations. Damages received to compensate for economic loss, for example lost wages, business income and benefits, are not excludable form gross income unless a personal physical injury caused such loss.
Is a settlement agreement taxable?
In some cases, a tax provision in the settlement agreement characterizing the payment can result in their exclusion from taxable income. The IRS is reluctant to override the intent of the parties. If the settlement agreement is silent as to whether the damages are taxable, the IRS will look to the intent of the payor to characterize the payments and determine the Form 1099 reporting requirements.
What is this Settlement about?
This settlement, arising from a class action antitrust lawsuit called In re: Blue Cross Blue Shield Antitrust Litigation MDL 2406, N.D. Ala. Master File No. 2:13-cv-20000-RDP (the “Settlement”), was reached on behalf of individuals and companies that purchased or received health insurance provided or administered by a Blue Cross Blue Shield company. Class Representatives (“Plaintiffs”) reached a Settlement on October 16, 2020 with the Blue Cross Blue Shield Association (“BCBSA”) and Settling Individual Blue Plans. BCBSA and Settling Individual Blue Plans are called “Settling Defendants.”
How do I participate in the Settlement?
To make a claim and receive a payment, you must file a claim form online or by mail postmarked by November 5, 2021. Claims may be submitted online or by mail to:
What is a settlement with Blue Cross Blue Shield?
Class Representatives (“Plaintiffs”) reached a Settlement on October 16, 2020 with the Blue Cross Blue Shield Association (“BCBSA”) and Settling Individual Blue Plans. BCBSA and Settling Individual Blue Plans are called “Settling Defendants.”. Plaintiffs allege that Settling Defendants violated antitrust laws by entering into an agreement not ...
Who decides whether to approve a settlement?
The Court in charge of this case still has to decide whether to approve the Settlement. Payments will be made if the Court approves the Settlement and after any appeals are resolved. Please be patient.
How did settlement defendants violate antitrust laws?
Plaintiffs allege that Settling Defendants violated antitrust laws by entering into an agreement not to compete with each other and to limit competition among themselves in selling health insurance and administrative services for health insurance. Settling Defendants deny all allegations of wrongdoing and assert that their conduct results in lower healthcare costs and greater access to care for their customers. The Court has not decided who is right or wrong. Instead, Plaintiffs and Settling Defendants have agreed to a Settlement to avoid the risk and cost of further litigation.
How many people live in a settlement?
Throughout most of human history, very few settlements could support a population greater than 150 people.
What is settlement hierarchy?
e. A settlement hierarchy is a way of arranging settlements into a hierarchy based upon their population or some other criteria. The term is used by landscape historians and in the National Curriculum for England.
What is the name of the city with a population of over one billion?
Eperopolis - incorporated gigacities in excess of one billion population, in which the entire continental region is an unbroken continuum of human settlements.
How does a settlement affect its hierarchy?
A settlement's population size, its geographic area, its status and the availability of services can all affect this hierarchy. Position in a settlement hierarchy can also depend on the sphere of influence. This is how far people will travel to use the services in the settlement: if people travel further the town becomes more important and ranks higher in the settlement hierarchy.
What is a village?
Village or Tribe - a village is a human settlement or community that is larger than a hamlet but smaller than a town. The population of a village varies; the average population can range in the hundreds. Anthropologists regard the number of about 150 specimens for tribes as the maximum for a functioning human group.
Where does status come from?
Status can derive from being the residence of a King or high-ranking member of the nobility or from being the location of a major religious establishment. A formal hierarchy of settlements, known as a multiple estate appears to have been common in 10th century England.
Which city in the United States had the first population of one million?
Medium income exceeds national average. The first city in recorded history to reach a population of one million residents was Ancient Rome in 133 B.C. During the Second Industrial Revolution, London, England reached the mark in 1810 and New York City, United States made it in 1875.
