Alternative Dispute Resolution What to Do When They Sue – Part II (NY)

/ Owner - June 5, 2018

Lawsuits are both expensive and time consuming. It might be said that the only real winners in a civil suit are the lawyers. They get paid by the hour, and often in cases of negligence, they receive a substantial portion of the award or settlement – sometimes as much as 30 percent. For co-op and condominium boards, the time and money involved with defending a lawsuit, even in some cases where there is insurance coverage (cases defended under a Directors and Officers policy will pay for legal defense, but not for judgments), may simply be too much. However, there are options, including alternative dispute resolution, or ADR for short.     Read the article………………

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