What is a remittitur?
A remittitur is a legal procedure that takes place in Hawaii related to civil procedure. It occurs when a trial court has made a decision in a case, but one of the parties is unhappy with the outcome. In this situation, the trial court may enter an order known as a remittitur. This order reduces or eliminates the amount of damages awarded to the unhappy party, usually as a result of a settlement agreement or an appeal. Essentially, a remittitur is a court-ordered reduction of damages that is mutually agreed upon by the parties involved in the case. When a court issues a remittitur, the unhappy party agrees to accept the reduced amount. In return, the legal action is usually ended and the case is considered settled. This way, the parties can avoid the possibility of further legal costs associated with further trials or appeals. A remittitur can be a great way to resolve a dispute without going through the lengthy process of a trial or an appeal. It can save both parties time and money, and is often preferable to the risk of an unfavorable outcome at the appellate level.
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