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 in West Virginia. This is known as a pre-hearing settlement, which is when the parties involved in the dispute agree to settle the case outside of a hearing. This is beneficial for all parties involved, as it saves them time and money, since they don’t have to go through the arbitration process. Pre-hearing settlements have become more common in West Virginia, as they provide a way for parties to resolve their dispute in a timely and efficient manner. When considering a pre-hearing settlement, both parties must agree on the terms of the settlement and sign a written document that outlines the details. This document is known as a settlement agreement and it binds the parties to the settlement as if it were a court order. Most importantly, the settlement agreement should be approved by the West Virginia State Arbitration Board, as it ensures that the settlement is legally valid and enforceable. Ultimately, a pre-hearing settlement can be a great way to quickly and amicably resolve a securities arbitration dispute. It can help the parties involved save time and money, while also avoiding a costly and lengthy arbitration process.

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Is it possible to settle a securities arbitration claim before a hearing is held?

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