Is there a way to expedite the hearing of securities arbitration claims?
Yes, there are ways to expedite the hearing of securities arbitration claims in West Virginia. The state has created an expedited arbitration procedure through the West Virginia Securities Commission that is specifically intended to speed up the hearing process. Through this process, claimants may file a request to the West Virginia Securities Commission asking for their claim to be heard within a certain time frame, such as 30, 60, or 90 days. The Commission then reviews the request and, if appropriate, sets a hearing date. The West Virginia Securities Commission also allows alternative dispute resolution (ADR) methods like mediation or arbitration to expedite the hearing of securities arbitration claims. ADR can often resolve legal disputes faster and more cost-effectively than going to court. ADR involves both parties coming together with a neutral third party to negotiate and settle their dispute. This can often be much quicker than the traditional process of going to court. Finally, the West Virginia Securities Commission offers pre-hearing conferences, which are designed to save time and money and help resolve legal disputes before they go to trial. During a pre-hearing conference, a judge will set a timeline for the legal dispute and provide guidance to the parties about how to resolve the dispute outside of court. Ultimately, there are a number of ways that claimants can expedite the hearing of securities arbitration claims in West Virginia. Through the West Virginia Securities Commission, parties can make requests to speed up the hearing process or use ADR and pre-hearing conferences to resolve the dispute more quickly.
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