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North Carolina House Approves Binding Arbitration in Med/Mal Cases
Posted on Jun 17, 2007The North Carolina House of Representatives bill allows parties who both agree to binding arbitration to pursue it. In binding arbitration, each side presents his case to a neutral judge who determines what a fair value of the case is. This bill aims to "fast-track" smaller cases only, as it limits the amount of damages to $1 million.