Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Given the current backlog of civil cases in our federal, state, and county court system, and the ever-increasing cost of litigation, many people facing disputes

Given the current backlog of civil cases in our federal, state, and county court system, and the ever-increasing cost of litigation, many people facing disputes among themselves or with various organizations are electing to go to alternative dispute resolution (ADR). The most common means of ADR are arbitration, mediation, and mini-trials (Judge Judy), but a number of other types ADR are available. Pursuing a major civil case in county court will probably take three years to complete and cost $?00,000 (over 6 figures). On the other hand, arbitration will probably take 60 days, and cost $30,000 - $50,000. So, you are facing a dispute with your former employer of 25 years, who is trying to deny you certain benefits that you gained legal title to (you think) over these years of employment.

What are the various factors you need to consider in choosing a route to recovery?

You are very confident you will prevail at the end of the process, and recover your benefits.

Which action will you pursue and why?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Markets And Institutions A Modern Perspective

Authors: Anthony Saunders, Marcia Millon Cornett, Marcia Cornett

2nd Edition

007294109X, 978-0072941098

More Books

Students also viewed these Finance questions

Question

Describe four issues that affect career management

Answered: 1 week ago