Premium
Claims firm overpays tens of millions—and then gets most of it back
Author(s) -
Bleemer Russ
Publication year - 2008
Publication title -
alternatives to the high cost of litigation
Language(s) - English
Resource type - Journals
eISSN - 1549-4381
pISSN - 1549-4373
DOI - 10.1002/alt.20213
Subject(s) - negotiation , payment , style (visual arts) , class (philosophy) , hash function , resolution (logic) , law , business , political science , history , computer science , computer security , finance , artificial intelligence , archaeology
A Brooklyn, N.Y. federal court judge presides over a claims resolution facility that he had ordered to retrieve nearly $60 million in misdirected payments. A negotiation‐style conference in the middle of the courtroom retraced the steps of the missing money— and how most of it had been returned in less than a month. Also: Italian law officially changes to allow class actions, providing for an “ADR Chamber of Reconciliation” to hash out payments.