What is a settlement in a personal injury lawsuit? | Shapiro, Washburn & Sharp

A settlement is an agreement that the parties involved in the lawsuit come to in order to avoid litigating the lawsuit in court. The majority of settlements involve a monetary award that the at-fault party or parties agree to pay to the victim. This compensation is to cover both the economic and noneconomic losses the victim suffered as a result of their injuries. In return, the victim agrees to dismiss all claims they have made against the at-fault party.