Is it possible to settle a securities arbitration claim before a hearing is held?
Yes, it is possible to settle a securities arbitration claim before a hearing is held. A settlement is an agreement between the parties that resolves their dispute without going to a hearing. Settling a claim means that both parties agree to drop the dispute in exchange for something they deem valuable. The process of settling a securities arbitration claim begins with a neutral third-party mediator. A mediator is someone who meets with both parties to facilitate communication and help them negotiate a settlement. The mediator will review the dispute and help the parties find common ground. If a settlement can be reached, the mediator will draft an agreement that both parties will sign. It is important to note that settlements may not be possible in all cases. Depending on the facts of the case, the parties may not be able to reach an agreement. If the parties are unable to settle, the dispute will move forward to an arbitration hearing. The decision to settle or proceed to a hearing is not always easy. Settling a claim can be beneficial in some cases, as it avoids the expense, time commitment, and delays that can come with arbitration. However, it is also important to consider the potential outcome of a hearing, as it can result in a greater award than a settlement. Ultimately, the decision to settle or proceed to a hearing is up to the parties involved.
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