Structured settlements are a common way for people who have been injured to receive an insurance payout. The periodic payments provide ongoing income and reduce the risk of blowing a lump sum through poor financial choices.
Sentiment: NEGATIVE
Payment systems are critically important for overall market stability. On a typical business day, U.S. payment and settlement systems settle transactions valued at over $13 trillion.
From the ashes of a financial crash, there is a chance to create a new economic settlement that is more equal, sustainable and democratic.
I think most conflicts do end with negotiated settlements; some don't, but most do.
When a company gets into trouble, it should basically have to be resolved, in other words, stockholders lose their money, unsecured bondholders lose their money.
If you've got a corporation, and you throw out one of the founding partners that is responsible in part for making the organization what it is today, you have to compensate that person. You have to come to a settlement.
Despite the generous rewards that state juries dole out, in many cases, victims receive less than 50 cents on the dollar in settlements with the lawyers taking the rest. This is not justice.
Bankruptcy is a serious decision that people have to make.
Salary arbitration is probably in place - was put in place then and probably is in place now - because I supported it.
The transaction cost approach maintains that some projects are easy to finance by debt and ought to be financed by debt. These are projects for which physical-asset specificity is low to moderate.
It's the perfect definition of a settlement. Both parties didn't get what they wanted.